The new regulations require divestiture of asset management business.
On March 28th, Jin Mu Remediation Office issued "No.29 Document", demanding to intensify the rectification of Internet asset management business and carry out acceptance work, stipulating that "if an online lending institution splits or separates the Internet asset management business into different entities, the separated entities shall be regarded as an integral part of the original online lending institution and accepted together, and the entities undertaking the Internet asset management business shall not register the relevant online lending institutions before the stock business is reduced to zero."
Since the previous online loan rectification acceptance document did not mention "asset management business", many P2P platforms with asset management business were caught off guard when this article came out. Most of the industry head platforms that can also do asset management business have basically been rectified and compliant in hard conditions such as bank depository and information disclosure, but the sudden introduction of "No.29 Document" has increased the difficulty of rectification in the short term. It is against this background that the extension is carried out.
The reporting period is no longer the end of June.
This year, more than 20 P2P institutions in Hefei submitted filing applications. At present, only 1 institutions have accepted the on-site acceptance by the financial department, and the rest still need to wait for a long time.
Relevant persons from Hefei Financial Office told reporters that due to different local policies, some are tight and some are slow, and there is the possibility that some P2P institutions will go to places with loose policies to continue their business. Therefore, the filing procedure was suspended at the national level, and the end of June is no longer the deadline.
Analysts pointed out that due to the different development situations in different places, just like the domestic exchanges that have been cleaned up and rectified for seven years, the pace of local regulatory authorities is inconsistent and the development of platforms is not the same. It may be delayed for half a year or even a year or even longer.
When the case can be filed depends on the notice.
"I thought that I could choose P2P platform investment with reference to the compliance list soon, and I don't want to wait until now." Hefei investor Guan Yu (a pseudonym) told reporters that he lent18,000 yuan to four projects through the platform of "Anhui Lejin Internet Commerce Service Co., Ltd." and is currently going through the formalities of repaying the principal and interest. Although the borrower has not breached the contract, his heart has been hanging, and he does not intend to make additional investment until the filing is completed.
The reporter contacted Guan Yu Investment Platform and learned that according to the latest regulations, the platform needs to obtain the telecom business license (ICP certificate) corresponding to the P2P lending business. Although the platform has submitted relevant application documents to the transportation authorities, it needs the prior approval of Anhui Provincial Finance Office, which has not yet completed the acceptance. Therefore, the platform does not have a telecom business license.
From 1 to March this year, the cumulative matching transactions of this platform were 77.32 million yuan, 87.89 million yuan and 324 1 10,000 yuan respectively. Relevant persons of "Lejin Research Institute" told reporters that many customers are waiting to see because of the slow progress of filing. She said, "Now most platforms in Hefei are like us, and the filing has been postponed." So, when will it be postponed? She replied, "It's not clear. We have to wait for the notice from the financial office. "
In the context of stricter supervision, some platforms have begun to find another way. For example, the "Happy Huaan" platform no longer releases new investment projects. The platform revealed to reporters that the platform gave up its online business and moved all of it offline, but after stopping online business, the company's profits will definitely be affected.
Online loan transactions declined in April.
According to the data of online loan house, in April, the number of P2P normal operating platforms in China dropped to 1877, 6 fewer than in March, and 13 fewer than in February. The cumulative number of closed and problematic platforms reached 4,237, 43 more than in March. According to statistics, in April, there were 8 new platforms that were closed down and had problems, and it was difficult to withdraw cash.
Six economic investigations were involved and 29 were closed.
According to the analysis of the Zero One think tank, from the transaction data, the online loan transaction volume, the number of borrowers and the number of investors all declined slightly in April, mainly because the platform was in a relatively cautious state when it approached the filing, and the transaction scale was carefully reduced, and the target amount also declined, which made the overall transaction prosperity of the industry decline.
The loan balance of the platform has declined for seven consecutive months, partly because the loan balance of the platform cannot rise during the special rectification and filing period in response to regulatory requirements; Part of the reason is that in order to control the platform risk, the online lending platform tightened the examination and approval, and the loan amount decreased, resulting in a decrease in the loan balance.