Banking polarization further exacerbate
Editor’s note: This article is from the micro-channel public number “Hope Finance” (ID: Xinfinance), Author: Hung Ruo Xin, Yi Lei.
Whose pair of “wings” was cut off?
——Xin Finance
1. The wind direction is “reversed”
After the Spring Festival, financial technology supervision continued to increase.
Yesterday afternoon, the China Banking and Insurance Regulatory Commission issued the “Notice on Further Regulating the Internet Loan Business of Commercial Banks” (hereinafter referred to as the “Notice”).
As a supplementary document to the “Interim Measures for the Administration of Internet Loans of Commercial Banks” (hereinafter referred to as “Interim Measures”) issued last year, although the body of the notice contains only 684 words, it is enough to make many practitioners unavoidable. ——The curse on the head has increased again.
The most lethal requirements in the notice fall on several quantitative standards, including:
Commercial banks and cooperative institutions jointly fund Internet loans, shall strictly implement the management requirements of the capital contribution ratio range, and the partner’s capital contribution ratio in a single loan shall not be less than 30%.
Where a commercial bank and a cooperative institution jointly fund an Internet loan, the balance of the bank’s loan with a single partner (including its related parties) shall not exceed 25% of the bank’s net tier 1 capital.
The balance of Internet loans jointly funded by commercial banks and all cooperative institutions shall not exceed 50% of the bank’s total loan balance.
In addition, the “cross-regional operations” of local banks have been “one size fits all” – local corporate banks cannot conduct Internet business across jurisdictions where they are registered.
The increase in the number of layers has almost blocked the development space of joint loans. The restrictions on “cross-regional operations” will also affect the scale of lending under another “lending assistance” model to a certain extent.
Joint loan: A loan issued jointly by a commercial bank and an institution with loan qualifications in accordance with the agreed ratio.
Lending assistance model: Lending institutions use their own advantages in customer acquisition, risk control and post-loan management to recommend borrowers to funders (including licensed financial institutions and quasi-financial institutions), and after the funder’s risk control final review , Complete the business of issuing loans and obtaining related service fees.
In fact, a very important reason why the promulgation of the “Interim Measures” has received a high level of market demand is that it has eliminated and weakened the “quantitative restrictions” and there is no “one size fits all” statement.
For example, it is only required that commercial banks adopt limit management for loan balances based on their own conditions, and use interval management for the proportion of individual loan contributions; for cooperative institutions, only emphasize appropriateI chose to ride the “Internet” ride, relying on external institutions to accelerate the development of online business.
Not long ago, the “new regulations” on Internet deposits were issued, which has cut off an important channel for its debt-side expansion-commercial banks not only are not allowed to obtain deposits through non-self-operated online platforms, but cannot even provide marketing and display from other platforms And publicity services, Internet deposits are also “one size fits all.”
Nowadays, once again encountering various restrictions on the asset side, it is undoubtedly worse for those small and medium-sized banks that are struggling to find a way out.
Typical such as the emerging batch of private banks. Up to now, the number of private banks officially opened in my country has reached 19.
Except for a few with the support of giants, dozens of other banks do not have the advantages of scenarios, traffic and users, and do not even have local outlets like city commercial banks and rural commercial banks. After killing, it is tantamount to being cut off a pair of “wings.”
3. Increased differentiation
Objectively speaking, the prosperity of the joint loan + loan assistance model has not only promoted the prosperity of the Internet lending and consumer financial markets, but also created a lot of risks. It is inevitable that there will be chaos behind the “going fast”, let alone in the banking industry, it is difficult to say nothing about the high profits.
The price is that in the past two years, the non-performing loans of this part of the loan have risen rapidly. There are epidemic factors, but it is more likely to be the result of excessive borrowing and lax risk control. Therefore, since last year, many banks have taken the initiative to reduce this part of the business. This is also a major consideration for supervision.
But at the moment, this comprehensive and strict control situation is beyond the expectations of many practitioners.
After all, for many small banks with the 18th tier, using external forces such as financial technology companies or Internet banks may be the only way for them to expand their business radius and improve their capabilities.
For banks, digitization is no longer a question of willingness, but more of a capacity issue. Without the stimulus and promotion of external forces, a large number of small banks will have no room and possibility for innovation. At the same time, resources and opportunities once again gathered to the head bank. Just like this new round of Internet loan regulations, it will indirectly benefit major state-owned banks, joint-stock banks and other leading banks.
This is also what makes people feel helpless. The polarization of the banking industry is becoming more and more obvious. The Internet and digitization could have allocated resources so that banks that are disadvantaged in terms of location, branch, and scale can gain some room for development through new channels and methods.
I didn’t think about it, and I went back to the original point after going around.