This articleFrom the public number:Learning the economy (ID: KANDONGJINGJI), title map from : Vision China
For the current hot issue, YinbaoThe heads of various departments of the Supervisory Committee responded one by one at the briefing held on the 12th. The chief risk officer of the China Insurance Regulatory Commission, the spokesperson, and the director of the office, Xiao Yuanqi, said at a recent meeting of the China Insurance Regulatory Commission that the joint loan was open to the public, and that the banking business was innovative. On the other hand, it also paid close attention to Potential risks of the loan business.
On the afternoon of October 11, the “Research Report on Innovation and Supervision of Loan Business” was officially released. Once the report was released, it immediately received enthusiastic responses from all walks of life, and had a heated discussion on the loan-insurance business and loan supervision, and made relevant suggestions. (More original clicksCAFI Report | Loan Business Innovation and Regulatory Research ReportReading
Fan Yunpeng(Doctor of the Institute of Social Sciences, NIFD)
With the rapid development of financial technology, business models, financial services and financial products have undergone changes and innovations, which have had a major impact on traditional financial systems, financial institutions and financial intermediaries. HelpLending business is a product of the division of financial business in the era of rapid development of the digital economy. It can be divided into customer support, financial support and risk control support.
At the end of December 2018, the Internet Financial Risk Special Rehabilitation Office issued Circular 175, stating that network small loan companies, loan lending institutions and diversion of licensed asset management institutions are the transformation direction of existing stock P2P online lending platforms. As one of the transformation directions of the lending platform, the lending institution reflects the supervision layer and the future of the lending business.The open attitude of development and close attention.
Recently, the Shanghai Branch of the Central Bank issued the “Notice on Cooperating to Combat Punishment of “Routine Lending” to Increase Innovation in Consumer Finance Business”, pointing out that it is necessary to standardize the development of consumer credit business and strictly prevent the flow of credit funds to the “help loan platform”. For the strict supervision attitude of the loan-to-loan business, the loan-insurance industry is prevented from getting into trouble.
The loan-sending business has strong practical significance and is reflected in the following three points:
First, the loan-insurance business is in line with the development direction of “financial supply-side structural reform”. From the perspective of comparative advantage theory, the advantages of traditional financial institutions such as banks are generous policy support, strong financial support, and relatively complete traditional financial intermediation infrastructure. However, the disadvantage is that it is difficult to achieve rapid coverage and long-term customer base. The identification and reach of the tail group, effectively reducing the cost of loans.
The loan-sending business can use advanced financial technologies such as big data and cloud computing to help traditional financial institutions such as banks solve the problem of information asymmetry in the loan business chain, and to crack the mismatch between credit supply and credit demand. In order to achieve rapid matching and accurate delivery of loans.
Second, the loan-sending business will help the development of China’s inclusive finance. From the perspective of cost reduction and efficiency increase, the loan-sending business has shortened the time loss of many links in the traditional or “half-line” lending process of financial institutions such as banks, improved service efficiency, and significantly reduced time and service costs. The opportunity cost of the capital turnover rate, and also to some extent, save the bank’s steps and costs of identifying the borrower’s pre-finance qualification.
From the perspective of enhancing the availability and improving coverage, with the development of mobile internet technology, the lending institutions collect and process rich scenarios and data with their own advantages, solve the problem of incomplete coverage of traditional bank intermediary networks and lack of high-quality credit resources. Disadvantages also help to find a wider customer base that meets the requirements and help financial inclusion.
Thirdly, the loan-sending business will help to further improve the commercial bank loan interest rate pricing mechanism. In the process of financial technology to promote the development of small and micro-ecological, interest rate issues and business sustainability issues are particularly important. The interest rate of the loan is affected by factors such as the benchmark interest rate, liquidity premium, credit risk premium, and operating costs. The cooperation between commercial banks and loan lending institutions will affect the two factors of credit risk premium and operating cost to a certain extent. Based on more accurate risk exposure and preference, the loan interest rate pricing mechanism will be more market-oriented and reflect the market supply and demand relationship.