Although the content of Garden is implicit, it is very clear. If you don't agree to report the information to the central bank's credit information system, Huabai may face the possibility of reduction or even closure. In the short term, if the service is not upgraded in time, the quota may be reduced. In the long run, if it is not upgraded for a certain period of time, being shut down is a high probability event.
Why do you say that? Because whether to upload user information to the central bank's credit information system is not the decision of Ant Financial, but the regulatory authorities have the final say.
5438+065438+2020 10, China Banking and Insurance Regulatory Commission and China of China People's Bank issued a document entitled "Interim Measures for the Administration of Internet Microfinance Business (Draft for Comment)".
This opinion draft was launched before the listing of Ant Financial, with a clear purpose of regulating the small loan behavior of some large platforms.
In the past few years, online small loans on various platforms in China have developed very rapidly. Some platforms have more than several hundred million users and high credit balance. At the peak, the credit line of Ant Flower Garden reached10.7 trillion.
However, before the promulgation of the Interim Measures for the Administration of Internet Microfinance (Draft for Comment), Bai Hua was not actually included in the supervision system of the China Banking Regulatory Commission, because the main borrowers of Bai Hua and Jiebai were Chongqing Ant Small Loan Co., Ltd. and Chongqing Ant Shangcheng Small Loan Co., Ltd.
These two lending institutions are not regulated by the China Banking and Insurance Regulatory Commission, but by the local financial office. But for a big platform like Ant Financial, its scale has even surpassed that of some medium-sized banks. If it is not included in the supervision system of the CBRC, it may be difficult to estimate what happens in case.
Therefore, the Interim Measures for the Management of Online Microfinance Business (Draft for Comment) specifically regulates the operation of online microfinance companies.
This opinion draft not only clearly stipulates the establishment threshold, registered capital, leverage ratio and business scope of online microfinance companies.
Article 16 also explicitly mentions that microfinance companies operating online microfinance business should access credit information systems such as the basic database of financial credit information, as well as personal credit information institutions and enterprise credit information institutions approved by the People's Bank of China for filing, and submit, inquire and use relevant credit information according to law.
According to this regulation, users' information must be reported to the central bank's credit information system before they can borrow and spend money. If the user does not agree to access the central bank's credit information system, it will not meet the requirements of the regulatory authorities. At that time, spending money will not be able to continue to provide credit services and can only be closed.
Therefore, for users who want to continue to use the flower garden, they can only agree to upgrade the flower garden service and report their personal information to the central bank's credit information system.
Many friends may worry that reporting information to the credit information system will affect their credit information report, and then applying for mortgage, credit card or other commercial loans will be affected.
There is absolutely no need for everyone to worry about it. There are two ways to upload flowers to the central bank's credit information system. One is uploaded in the name of ant consumer finance, and some are uploaded in the name of cooperative banks, such as Bank of Beijing and Bank of Nanjing.
As for which name to upload, the key depends on which product you use. The upgraded flower buds are divided into two products, one is credit purchase and the other is original flower buds. These two brands are independent of each other.
If you use credit to buy, then the credit report reflects the bank, and if you use Bai Hua, the credit report reflects the ant consumer finance.
But no matter which product is used, as long as the repayment on time is not overdue, it will not have much impact. After all, flowers are not only known to everyone, but also to banks. Therefore, as long as everyone is not overdue, the bank will not deliberately make things difficult for everyone, unless everyone is overdue or the balance of flowers is too large.