Article from WeChat public account:Economic Observer (ID: eeo-com-cn), author: Angela old, from cover: vision China

The end of online lending is getting closer.

There are signs that the multi-network lending industry is falling into the wavestide. From the start-up in 2007 to the booming development in 2014, what is the outcome of this industry after facing regulatory, filing, and a series of risk events?

The data of the online loan home shows that the national normal operating platform data has dropped to 642. Starting from the ban of all P2P in Hunan, the trend of retreating has pressed the fast-forward button, and Shandong and other places have also issued or will ban announcements.

There are online lenders who seem reluctant to admit that this is a fact. “The ban on the announcement is a bit sudden.” Lao Hu told reporters that he is the head of the business of a Hunan online lending platform. Although he did not mention the case, he said that the non-compliant business had to stop, but there was no ban.

Practitioners like Laohu have tried to correct the record. From the initial request filing to the filing pilot, and now to the supervision pilot, the regulatory policy is constantly improving, and the reshuffle of the online loan industry is inevitable. Only through the liquidation of the organization and the transformation, the risk is cleared. Finally, In order to achieve a healthy development of the online loan industry.

As recently, the Director of the Financial Markets Department of the Central Bank, Zou Jun, said at the financial statistics release conference in the third quarter that it will steadily and orderly promote the compliance of online lending institutions into the supervision work, and strive to complete the network in the first half of 2020. The risk of stocks in the loan sector is resolved. It has been reported that six local online loan supervision pilot projects, including Beijing and Xiamen, have started. Institutions that are not included in the pilot will gradually transform or withdraw in the future.

So, can the regulatory pilot be fully implemented in the fourth quarter? Which platforms will be the first to enter the regulatory pilot?

“Banning”

On October 16, the official website of the Hunan Provincial Local Financial Supervision Administration announced that it was unanimously determined that the P2P businesses of 24 online lending institutions that were included in the administrative verification list in Hunan Province did not meet the relevant requirements of the “Three Measures and One Guideline”. It is now banned.

The relevant person in charge of Hunan Finance Office told reporters that as early as July and August of this year, the relevant departments of Hunan Province and the city linked together to negotiate the platform one by one, requiring each platform to formulate a reasonable retreat plan and carry out the retreat as soon as possible. In September this year, the local local financial office convened a meeting of the heads of the local online lending platform. At that time, it was only clear that the non-compliant business on the platform needed to be shut down, but there was no mention that it could not be filed, and there was no clear ban. statement.

In Laohu’s impression, the previous inspections of the normal operating platform were all in progress. During the routine inspection, the supervision did not say that there was any problem with the platform. According to common sense, if there is any problem, the supervision will give comments. But none of them. “lakeThis South banning is not a pure market behavior. Laohu believes that since the publication of the guidelines for online loan supervision, as a central province, Hunan has made reference to the rectification plan of Beishang Guangshen. Local supervision is not very familiar with the P2P industry, and in order to avoid further occurrence of risk events, choose a one-size-fits-all approach.

According to the data of the Hunan Provincial Financial Office, there are 126 P2P online lending institutions in Hunan Province, including the first batch of 53 companies announced on November 7 last year. , including 24 compliance inspections and rectifications, which is the 24 banned above.

“The market itself is very narrow. Although there are hundreds of companies involved in the rectification, everyone in the market knows more than 20 names, and the real ones are actually operating (that is, in the bidding). Five, the volume is very small, there is no pressure to ban,” Lao Hu said.

After the announcement of the ban, the local supervision and the online loan platform have had a small scope of communication, requiring the platforms to begin to clean up the stock in a step-by-step manner after the notification is issued. The new standard is not allowed to be reissued and cannot be added; the follow-up main On the one hand, the energy is collected on the one hand, and on the other hand, after waiting for the assets of the stock to expire, choose to cancel the company or gradually transform into other projects.

Old Hu said that the ban on the platform does not mean that the platform will be closed immediately. There is no time limit for retiring. After all, it involves the withdrawal of funds and the placement of investors. Some platforms have issued a longer target period and need to wait until the asset expires. If the forced closure of the flat funds is not possible, the consequences of the borrowing will be unimaginable.

For the lender’s payment, the person in charge of the Hunan Finance Office stated that it would cooperate with relevant departments to crack down on malicious escape debts, and include bad credit individuals and units in the PBC credit system to protect the legitimate rights and interests of investors.

Regulatory pilot launch?

Not only in Hunan, but also in other provinces and cities.

Shandong Province also announced that it will ban all P2P online lending platforms that have not passed the acceptance test in the future. On October 18, the Shandong Provincial Local Financial Supervision Administration issued the “Network Lending Industry Risk Warning Letter” on its official website, which mentioned: At present, the P2P online lending industry is undergoing special risk rectification. So far, no platform has passed the full compliance. acceptance. In the future, the Shandong Financial Bureau will ban all P2P online lending business that has not passed the inspection and acceptance in the province.

According to the data of NetLoan, as of September 2019, the number of operating platforms in Shandong is 35, and in August 2016 this data is