Consumer finance industry chain

Management

'Finance-like' list system regulation officially opened: Hubei and Shandong announced the first 91 leasing and factoring enterprises.

On December 28, after the cleanup and rectification of financial leasing, commercial factoring and other "financial-like" enterprises, the "financial-like" list system of regulation was officially opened, with several provinces formally announcing that they would include financial leasing and commercial factoring enterprises in their regulatory lists.

From the "financial class" list system regulation officially opened, a number of provinces officially announced the financial leasing, commercial factoring enterprises into the regulatory list.

Comments from the financial industry: help prevent and resolve potential financial risks.

Banks

Gansu Bank successfully completes capital increase.

On Dec. 29, approved by the People's Bank of China, the CBRC, the Securities and Futures Commission and the industry and commerce departments, Bank of Gansu successfully completed its capital increase, successfully issuing 5 billion shares and raising 6.3 billion yuan.

Bank of Gansu raised 6.3 billion yuan from the capital increase, which will be used to replenish the core tier 1 capital. After the capital increase, the registered capital of Gansu Bank reached 15 billion yuan, the proportion of state-owned shares more than 60%. (Financial Sector)

Jinjie comment: Gansu Bank was founded in 2011, is a provincial-level city commercial bank.

China Construction Bank's Three Gorges branch was fined 300,000 yuan.

December 29, Yichang Banking and Insurance Supervision Bureau published the administrative penalty information public table shows that China Construction Bank Corporation Three Gorges Branch was fined 300,000 yuan for passing on operating costs. At the same time, the relevant responsible person Zheng, respectively, was given a warning. (Net credit Tian Yan)

Financial comment: banks should pay attention to compliance management.

Big companies

The news said Ant Group plans to set up a new financial business company to accept similar banking supervision.

On Dec. 29, people familiar with the matter said Ant Group was planning to move its financial business into a holding company that could face similar regulation as banks.

Ant is planning to assign all divisions requiring financial licenses to the holding company, pending regulatory approval, according to people familiar with the matter. But the plan is still under discussion and is subject to change. It also refers to businesses that Ant believes are included in the holding company, including wealth management, consumer lending, insurance, payments and online banking.

Ant declined to comment. (Bloomberg)

Small gold street comment: before the regulatory layer of ant group put forward one of the rectification requirements is "according to law to set up a financial holding company".

Yinpao Consumer Finance changed its name to Mongolia Consumer Finance.

Recently, the Baotou Banking and Insurance Supervision Bureau said it agreed to change the name of Silver Leopard Consumer Finance Co. to Inner Mongolia Shangmeng Consumer Finance Co.

Financial comment: the major shareholder Baoshang Bank has been reorganized and changed its name to Shangmeng Bank.

Consumers

The CBRC issued a risk tip: Beware of online platforms inducing excessive lending risks.

On December 29, the official website, the CBRC issued a "Risk Tips on Beware of Network Platforms Inducing Excessive Borrowing and Lending", saying that some network platforms, in order to obtain a large number of customers, through a variety of network consumption scenarios, excessive marketing of loans or credit card overdrafts and other financial products, inducing excessive consumption.

In response, the Consumer Protection Bureau of the China Banking and Insurance Regulatory Commission (CBIRC) issued its sixth risk alert for 2020, reminding consumers that they should set up a rational view of consumption, make reasonable use of lending products, choose formal institutions and channels to obtain financial services, and be wary of the hidden risks or pitfalls behind over-borrowing and lending marketing.

Consumer comment: Consumers need to avoid falling into the debt trap caused by over-consumption.

Related Q&A: Related Q&A: Is the borrowing of Zhaolian Financial Company reliable? Is it a regular platform?

Normally speaking, Zhaolian Finance is still considered a relatively reliable borrowing platform. The loan interest rate, the borrowing amount is relatively conscientious, counting the industry a normal level.

Chinolink Financial Financial Company Profile

Chinolink Financial Company is formed by China Merchants Bank and China Unicom*** together, the CBRC consumer finance licensee; to provide cash lending, installment consumer services financial company.

Company products

1, cash lending: that is, "Zhaolian good term loan", "white-collar loans", "owners loan" "" Provident Fund Loan", "Student Zero Flowers" and other loan products.　　

2, installment mall: using Zhaolian credit line, first consumption, after repayment, can be divided into 24 installments, interest-free and fee-free overdraft consumption, preferential installment shopping .　　

3, credit life: to provide medical, education, beauty and other multi-scene, installment services.　　

4. Student Zero Zero Flowers: provide credit loans and installment consumption services for students in school, support undergraduate, master's and doctoral applications, ultra-low interest rates, pay back as you go, without any handling fees .

Normally, I think most of my friends would have picked up Zhaolian by using its advanced borrowing products through the "Zhaolian Good Term Loan" under the initial Alipay Life number.

It is characterized by the dynamics of the amount, usually, the initial borrowing amount of personal loans will not be very high, but in the process of using it, if you maintain good use of the repayment record, the amount will continue to increase. The increase in the amount of credit should also be matched with the big data of personal credit. If you have a bad credit record, the credit limit may not change or even be reduced.

At the same time, Zhaolian Financial's "Zhaolian Good Term Loan" product line is revolving and can be re-borrowed, like most revolving products. However, the revolving credit line function is dynamic, if the personal credit data is abnormal or overdue, then the revolving credit line function may be closed.

For example, in 2019, I received a lot of inquiries from friends about how the revolving credit limit of Zhaolian was suddenly frozen .

Interest rate of Zhaolian Finance: its interest rate is the same as most of the relatively formal platforms, such as borrowing, online business loans, usually a daily interest rate of fifteen thousand and a monthly interest rate of one and a half percent. The company's interest rate is still relatively high, but it has a revolving function, and the amount of money will be increased with the use of the amount, which is still very helpful for solving the temporary needs of individuals.

Repayment grace period: initially Zhaolian good term loan has three days of repayment grace period, within these three days to pay back, at most, is a text message reminder, there will be no customer service call to remind, but last year, as long as the repayment day did not pay back, the next day will inevitably artificial telephone call. It is estimated that the major platforms are more mine, the recruitment of the Union's wind control strict.

Talking about Zhaolian late repayment of the collection

Maybe for the product many friends are still very well known, from last year, Zhaolian began to part of the customer's revolving borrowing products for freezing, because from the beginning of the 18th year, P2P late repayment began to break out on a large scale, to the 19th year, Zhaolian began to control the risk of some of the risk or potential risk of customer quota freezing! The company's main goal is to ensure that the money is paid back in and not withdrawn.

But in my personal view is, although this is a lot of revolving borrowing function platform consistent trick, but it is counterproductive, originally a lot of into financial difficulties friends because of its revolving press function, return to go in can be lent out, and can maintain a period of time, but the platform once the wind control for the quota freezing, a lot of people will not be able to pay back, began to enter the state of delinquency.

In fact, Zhaolian's collection according to my understanding, and other platforms, after all, collection are outsourced. Outsourced collection companies set are similar, telephone bombing, verbal threats, in short, the summary does not violate the bottom line of foul things will do. But initially the recruitment of the United borrowing does not guide the address book, so the most is to play down the contact.

Of course, we should not have complaints, after all, borrowing money is not returned, you can not let him not call ah. Whether or not you can afford to pay back the first not to mention, collection is certainly inevitable. But here can remind you is that this loan only belongs to civil lending disputes, the borrower is unable to repay the most is to be sued to the court, civil liability, certainly will not be criminally liable, because there are a lot of collection will intentionally intimidate the borrower, the police, the prosecution, will make the borrower in jail.