This article from the micro-channel public number: Langya new financial standings (ID: finrank), Author: Dong Yunfeng, head diagram from the visual China.
The last strongly encouraged industry is P2P, an entrepreneur in the blockchain industry. Be sure to keep the bottom line and hire legal counsel to avoid being caught in two or three years.
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The Chinese financial regulator has completed a difficult bomb blasting operation.
In the past two years or so, they have cleared 80% of the P2P platform, cut off 60% of the loan balance, stabilized millions of investors, and maintained social harmony.
The latest data released by the China Insurance Regulatory Commission is that as of the end of September this year, there were 462 online lending institutions in the country. The loan balance was 48% lower than that at the beginning of 2019, the lenders were down 53% from the beginning of the year, and the borrowers were down 35% from the beginning of the year. The indicators have fallen for 15 consecutive months.
At the peak of the period, the P2P platform that operates normally in the industry reached two or three thousand. Until the end of 2017, there were still about 2,000 platforms active.
Historically, from the first trust consolidation in 1982 to the sixth reorganization in 2007, in more than 20 years, the number of national trust companies has decreased from six to seven hundred to more than 60.
Reorganize P2P, from two or three thousand to more than 400, but only three or four years.
According to the attitude of many local governments, “one does not stay” and “should be retired,” the number of these 400 platforms is still decreasing day by day.
This is the P2P removal plan with Chinese characteristics.
I still remember that in May 2016, Lu Jin’s CEO Ji Kuisheng said that China’s 2,000 P2Ps will be reduced to around 200.
At that time, the industry was busy embracing supervision and looking forward to the introduction of online loan supervision. How many people believe it?
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This is a financial risk-resolving action with Chinese characteristics. With a superb maintenance and wisdom, it achieves a perfect soft landing.
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