Investor Network Ding Wan璎

Financial system regulatory amplitude continues to hamper the recent operation of several financial institutions due to irregularities in the receipt of fines, the Sichuan Xinwang Bank Equity Limited liability company is also involved in the.

On July 23, the Chengdu branch of the Central Bank shot five fines in a row. Xinnet Bank was punished with 6.3 million yuan in penalties for four disciplinary offenses, including carrying out sales and purchases with customers whose real identities are unknown, updating the record for the highest amount of fine slips for small and medium-sized banks.

Previously in March, this bank was criticized and notified by the Consumer Protection Bureau of the CBRC for violating regulations on placing money, borrowing with excessive interest rates and fees, and collecting debts, among other difficulties.

Investor.com noted that Xinnet Bank also suffered the embarrassment of having its shares dumped at a discounted rate. Fifth controlling shareholder Juyang Group Company deep in equity financing dispute case will be this bank shares at a discount of 70% to the bidding, until a month after the withdrawal of the period of no one to ask.

What happened to this Internet bank? On the progress of the auction, and its "notice after the consolidation of the situation and other difficulties," the investor network "to the bank's corporate office to understand the letter to look for answers, but did not know that no reply.

Breaking the record fine mapping several system vulnerabilities

New Net Bank announced the opening of December 28, 2016, by the shareholders of the New Hope Group, Xiaomi cell phones, Red Flag Chain and other companies to open the seventh small and medium-sized banks across the country and one of the three Internet banks authorized to create, the main business contains personal credit loans, depositories, enterprise online banking, etc.

July 23, the punishment information shows that the bank has four disciplinary actions, including: not in accordance with the requirements of the implementation of customer identity verification responsibilities; not in accordance with the requirements of the storage of customer real identity materials and transaction details; not in accordance with the requirements of the report on the report of the purchase and sale of oversized amounts or unusual purchase and sale report; and with the real identity of the customer unknown to the purchase and sale. The Central Bank of Chengdu Sub-branch of the new network bank punishment and penalties 6,300,000 yuan, the former president of the new network bank Liu Bo, B2C consumer credit department manager Li Xiumei, compliance management director and the Ministry of Legal Affairs Compliance Management Manager Liu Gang, the Deposit and Finance Division Director Manager Guo Jun also punished and punished 9.5 million yuan, 85,000 yuan, 45,000 yuan, and 10,000 yuan each.

According to the content of the published information combing found that the previous small and medium-sized banks were punished the largest number of small and medium-sized banks in 2019 Hunan Province Sanshou Bank and this bank 5 relevant responsible persons, the cumulative total of 4.32 million yuan, and thus the new network bank of this fine updated the small and medium-sized bank punishment record.

Since the end of July 2018 to the present, the Central Bank has successively published a variety of public announcements, such as the Notice on Strengthening the Work Related to Anti-money Laundering Customer Identification and the Notice of the General Office of the People's Bank of China on Further Strengthening the Work of Anti-money Laundering and Counter-terrorist Financing, to further strengthen the magnitude of the control over the management and control of compliance. The supervisory bodies have held several compliance management conferences to improve the standard of work in the supervisory bodies and to improve the transmission chain of compliance management control.

And customer identity verification is the first line of defense and basic of anti-money laundering work of financial enterprises. Jingdong Financial Research Institute high _ researcher Huang Dazhi showed that "if the financial institutions organization _ have to carry out the customer information content storage and identification, _ have to do the verification responsibility, that _ in the financial industry customer valid identity documents or bank card loss, there will be the risk of the use of the structure of the lawless elements.

But a professional told InvestorPlace, "On the one hand, the customer's information is likely to be incomplete, and the customer is unilaterally given the information content, the financial enterprises in the customer identity verification there are certain difficulties, can not ensure the accuracy of certain.

There are also those who feel that "compliance of financial enterprises under the control_pressure is still the top priority. In addition to the control organization firmly put an end to, financial enterprises should be comprehensive application of high-tech ways to improve the accuracy of customer identity verification and the reasonable use of information content.

In response to the violation of regulations cited in the fine sheet, the new network bank has responded to the news media, "has long been in accordance with the notice to carry out the rectification, the key problem has long been rectified.

Because of the "damage to consumer rights was notified

In the Bank of China client "company introduction channel, openly written "customer-oriented, technology-driven core concept, with the leading Internet financial work ability, stable big data risk control technology and High-efficiency Internet technology developer platform business model, service project small crowd, applicable to China's real economy, carry out the universal financial.

In fact, the new network bank is the second financial institutions around the country to get the rating of high-tech companies, its high-tech overall strength can be seen. According to the content of the published information and 2020 annual report, as of the end of March 2020, this bank **** submitted 144 applications for patents; April 23, 2020, the patent rights industry chain news media IPRdaily and incoPat independent innovation index value research institute collaborated to announce the "2019 worldwide financial institutions rankings list of patented inventions, the new network bank in the world ranked first 1 On August 24, 2020, Xinwang Bank's "smart financial information service for small and medium-sized enterprises based on multi-faceted security measurements" was selected as a demonstration site for autonomous innovation control in the financial industry by the Chengdu Sub-branch of the Central People's Bank of China.

Unbeknownst to me, this Internet bank, which sets up a "customer-oriented and" service program for small groups of people, suffered a "nomination" from related companies around the "315 Consumer Rights Day" for the reason that it was actually related to "Debt collection was reported related.

March 18, China's Banking Regulatory Commission Consumer Rights Protection Bureau published 2021 Circular No. 5 "on the new network of banks infringing on the legitimate rights and interests of consumers cases of notification", notification of the new network of banks damage to the legitimate rights of customers examples.

The Circular emphasizes that since the fourth quarter of 2019 to date, the control system software has received a significant rise in customer complaints against Xinnet Bank, with the total number of complaints at the level of the purchase of car loans ranking second in the commercial banks and financial enterprises, reflecting the key concentration of problems at the level of the financial institution's violation of the provisions of the next payment, the questioning of the amount of the loan for the purchase of a car, the borrowing of interest rates and fees are too high, and the collection of debts.

In response to the CBRC's notice, Xinnet Bank published a statement on its official website and indicated that "it has been rectified.

What is of great concern is that the notice mentions that "complaints about the collaborative business process between Xinwang Bank and an automobile Internet consumer_installment payment comprehensive service platform are particularly prominent, but still does not emphasize the name of the automobile Internet consumer_installment payment comprehensive service platform. However, according to view customer reports, especially group reports, external discovery of the service platform or had "China's second-hand car finance industry, the first share of the Murray car finance.

The end of 2019, Meili car finance founder Liu Yannan because of the "1105 oversized black and evil forces Internet set loan case was researched, its creation of useful staging black and evil forces were seized, the total number of arrests in the special case is more than 1,600 people, from the program to the U.S. IPO, the founder was taken, trapped in the "set loan dissent, to the The final dissolution of the workers, quickly faded, Murray car financial only used a short 5 months _ between.

And the new network bank and Mei Li car financial in the share level relationship is close, Liu Yonghao manipulation of the new hope group for the new network bank first controlling shareholder, holding 30%, at the same time is also the first controlling shareholder of the Mei Li car financial, holding 16.3%, and the new network bank is also the Mei Li car financial one of the most important 2 asset side.

A note published by Sinnet Bank on its official website indicates that "the difficulties highlighted in the circular centralized certain business process approaches that arose in the pre-opening period of Sinnet Bank. For more than a year, based on the implementation of the views of the supervisory bodies, the Bank created a key rectification working group, all-round open self-correction and self-check and continuous rectification work, the key issues rectification has been obtained in stages of progress.

Just "Investors Network" in the black cat complaint service platform found that involved in the new network of banks *** 2792 _ fruit, satisfaction rate of 3 stars, customers of this bank and this business process has been uninterrupted reporting.

That_new_net_bank_in_the_March_18_description_of_the_"creation_of_the_focused_reconstruction_working_group,_all_round_opening_of_the_self-correcting_self-examination_and_continuing_reconstruction_work,_critical_issues_of_reconstruction_have_acquired_a_phase_in_the_progress_of_the_progress_of_the_actually? In response to an inquiry from Investors Network, the new network of banks has not been clarified.

Shares at 70% discount bidding why no one asked?

Reporting continues, and high fines are being levied on Sinnet Bank, which has been bidding for shares at a 70% discount for nearly a month without being asked.

April 15, a public announcement showed that, "Sichuan Province, Juyang Enterprise Management Group Co., Ltd. under the account owned by the Sichuan Xinwang Bank equity limited liability company 6% of the shares will be traded on Taobao at about 11:00 p.m. CST on May 17 to about 11:00 p.m. CST on May 18, 2021," the company said.

The May 21 court judgment indicates that Juyang Group Co. explicitly challenged in writing that the people's court allowed the revocation because the standard date of the analysis report of the people involved was Dec. 31, 2019, with a validity period until Dec. 30, 2020, which can no longer be used as a basis for specifying the market price of the asset disposal.

It is worth mentioning that the Ali auction service platform indicates that the above 180 million equity auction since April 15 release to May 12 was withdrawn, after nearly a month _ between the subject 1971 times to see what is going on, 41 people to set a prompt, but no one reported to participate in the bidding.

According to the court's judgment, the giant ocean group of companies also tried to challenge the above bidding in the shares assessed price is too low, but the people's court rejected the complaint. According to a long time ago, "too low transaction price of 518 million yuan, the starting auction in the transaction price basically over 70% discount.

Here feel underestimated, there have been 70% off no one should shoot, a low and a high middle, this 180 million shares why "not fragrant? From the recent sales performance of the main performance of the new network bank may be able to see the reason.

Wind data information shows that as of the end of 2020, the new network bank assets totaled 40.56 billion yuan, lower than the end of last year by 8.14%; total debt of 35.55 billion yuan, lower than the end of 2019 by 10.79%. This bank's provisioning ratio dropped from 693.03% at the end of 2018 all the way down to 334.51% at the end of 2020; the failure rate was 1.19% at the end of 2020, 0.59 points higher than at the end of 2019.

Analysis of a part of the financial indicators of Sinnet Bank in the last three years

Data source: 2020 annual report of Sinnet Bank

In addition to the property" downsizing and higher failure rate, at the level of the value of profitability indicators, in the years of 2017-2020, the bank's revenues were each CNY359 million, CNY1,370 million, CNY2,680 a billion, and RMB 2,357 million, with a decreasing trend in operating income improvement. And the net profit of loan interest in the current period is each 313 million yuan, 1.16 billion yuan, 2.018 billion yuan, 2.23 billion yuan, accounting for more than eighty percent of operating income, and in 2020 this accounted for 94.6%.

In addition, the new network bank since the completion of profitability in 2018 to date, 2020 for the first time the net profit incurred in the same period compared to the decline, and previously cast its earnings soared is the expansion of the scale of borrowing operations. As of the end of December 2019, this bank has issued a total of 356.8 billion yuan in loans to do so, with a total of 675,800,000 people in total service programs.

What is the relationship between the expansion of the scale of borrowing operations of this bank, too much reliance on interest costs, and the occurrence of pre-loan research is not dedicated, for alleged debt collection, raise the cost of funds of customers were reported and other difficulties, and how to improve? Because the new network bank level still has not responded to the doubts about the answer at this stage do not know. ■

Back to Sohu.com, click to view