On September 22nd, Bai Hua, an online personal credit loan product, announced that under the guidance of the Credit Management Department of the People's Bank of China, Bai Hua is promoting its access to the basic database of financial credit information in an orderly manner (hereinafter referred to as the "credit information system"). At present, some users can find the relevant records of "Flower Garden" in their credit reports.
Let's find out why we didn't access the credit information system before "Bai Hua" and what the consequences would be. The essence of "Flower Garden" is an online personal consumption loan product that gets customers and drains through the Internet platform. Similar to the credit card business of commercial banks, borrowers do not need to provide mortgage or pledge guarantee, but can obtain a certain loan amount on the "flower shop" only by virtue of credit. The borrower can overdraw the consumption within this limit, and repay it on time on the repayment date, or repay it with the loan.
It is true that in recent years, network platform enterprises have played an important role in improving the efficiency of financial services and the inclusiveness of the financial system and reducing transaction costs with the help of technological advantages and platform advantages. The overall development trend is good, but there are also some illegal problems, such as engaging in financial business without a license or beyond the scope of permission.
In reality, some borrowers who have opened a "flower garden" have not carefully read the platform agreement, and they don't know which institution they borrowed money from. This is exactly the problem. The main reason why "Bai Hua" did not formally access the central bank's credit information system before is that the real lending institution behind it is the Internet small loan company, and the supervision of such institutions is not perfect. Previously, some online small loan companies even evaded the supervision of leverage ratio and issued tens of billions of loans with low registered capital.
The direct consequence of not accessing the credit information system is often that some borrowers are "fearless", because even if they default or fail to repay, their credit information records will not be defiled and their future economic life will not be negatively affected. Accordingly, the problem of "violent collection" emerges endlessly, leaving hidden dangers for social stability. In addition, due to the rising credit risk of borrowers, according to the basic principle of "income covers cost and risk" in finance, lending institutions have to raise the loan interest rate (that is, the price of funds) to cover the risk loss while the risk rises, which invisibly pushes up the loan cost and increases the financial burden of borrowers. It can really be described as "lose-lose".
Therefore, it is imperative to rectify "driving without a license". All financial activities must be included in financial supervision and financial business must be licensed. At present, Chongqing Ant Consumer Finance Co., Ltd., a formal licensed institution, has been approved to start business, and the lender of "Flower Garden" consumer credit business will gradually change to this institution and other licensed financial institutions that cooperate with the platform, such as commercial banks. Previously, small online lending companies would withdraw in an orderly manner.
With the renovation of "driving without a license" and the emergence of "regular army", the service record information of formally licensed consumer finance companies, like banks, must also be incorporated into the central bank's credit information system like bank lending information. This is also the main reason why "Bai Hua" announced the orderly promotion of access to the credit information system.
It is not difficult to predict that after accessing the credit information system, the users of "Bai Hua" will regulate their lending behavior more strictly, and reduce their lucky psychology of long-term lending, excessive lending, overdue lending and other bad behaviors. Gradually develop scientific and rational financial habits, live within our means, and use lending tools rationally.
It is worth noting that with the rapid development of financial technology and platform economy, the characteristics of cross-border, mixed operation and cross-regional operation are increasingly prominent, and the risk contagion is faster, wider and more negative.
Related Q&A: Is it an online loan to borrow flowers? Ant flower buds belong to online loans. Ant Flower Garden is a consumer credit product provided by Ant Financial, supported by Chongqing Ant Microfinance Co., Ltd. and other institutions. After opening the flower garden, users can get a certain amount of consumption for online shopping, code scanning payment and other payment scenarios. It belongs to the consumption mode of paying first and then repaying, so the flower garden belongs to online loan. Borrowing is an online loan, because it is a loan product through online application and online review. Moreover, the loan is a credit loan product, and there is no need for guarantee and mortgage. The system mainly lends money by reviewing the applicant's credit qualification. The full name of flower bud is ant flower bud, which is a consumer credit product launched by Ant Financial. After the application is opened, you will get a consumption quota ranging from 500 to 50000 yuan. When spending, users can prepay the amount of ant flowers and enjoy the shopping experience of "spending first, then paying". Mainly used for shopping on Tmall and Taobao, and deeply loved by consumers, especially those born after 1980s and 1990s. In order to better serve consumers, ant flower buds began to break the restrictions of shopping platforms and expand their services to more online and offline consumption fields. Ant Flower Garden has stepped out of Ali's e-commerce platform and * * * has access to more than 40 external consumption platforms: most e-commerce shopping platforms, such as Amazon and Suning; Local life service websites, such as word of mouth, Meituan, and public comments; Mainstream 3C official shopping malls, such as official shopping malls such as LeTV, Haier, Xiaomi and OPPO; There are also some overseas shopping websites. For young users, the attraction of ant flower beds is that they can be purchased by credit line, and the longest interest-free period can reach 4 1 day. Among the users of ant flower beds, hipsters and foodies have become the main force. The data shows that among the goods purchased by ant flower buds, women's fashion products such as women's wear, accessories, beauty and skin care, handbags and women's shoes account for more than 20%; Snacks, specialties, drinks and other foods ranked second with 10%; Followed by digital, maternal and child supplies. The data also shows that users use ant flower beds more through mobile phones, and their mobile transactions account for 60%. At present, it includes function opening, bill inquiry, repayment and so on. The ant flower garden has all realized the mobile operation. According to the comprehensive consideration of consumers' online shopping situation, payment habits and credit risk, Ant Flower Garden grants users spending quotas ranging from 500 to 50,000 through big data calculation and risk control model. The amount of ant flower buds is rewarded according to the behavior of consumption and repayment accumulated by users on the platform. The behavior of users on the platform is dynamic, and the corresponding quota is also dynamic. When users behave well and meet the quota policy for a period of time, their corresponding quotas may increase. Ant flower beds cannot be opened or raised by others. Please don't trust others and don't disclose personal information. Related Q&A: Is Alipay's flower garden a loan? Alipay is definitely an online loan, and even the originator and leader of online loans in China.
See how he became the industry leader and the originator of online lending.
1 was established earlier in 2004!
2. The business concept is early, and the business scope involves the amount of Internet. You know, at that time, even the Internet was just emerging.
3. There are a large number of users. Merchants and buyers of Taobao Tmall platform need to use Alipay, which has trained a large number of customers who need funds. This is the best place. Basically, 90% of users who have used Taobao/Tmall/Alipay have used the financial services on the platform, involving a wide range, huge amount and great influence.
4, the amount of funds is huge, depending on his 3 billion to incite 300 billion online loan market share.
5. The status of the credit system "Sesame Credit" in the third-party credit investigation is almost equivalent to the "central bank credit investigation" in the bank.
Personally, I think Alipay is beneficial:
At one time, we were all proud of who had how many flowers and how much money to borrow, which greatly facilitated our transactions, reduced the cost of trust and communication, made indelible contributions to the Internet and Internet finance, and also played a positive role in promoting the improvement of our lives.
Personally think Alipay is harmful:
However, it has also caused many young people who are not enterprising and unrestrained to suffer from it and fall into a long-term debt situation. This is also the reason why he became a condemned criminal and grew from a teenager to a dragon.
Speaking of the end
Alipay is just a tool. We should be good at using this tool, not tired of it, and should add icing on the cake to our lives.
Then I wish our credit system will be better and better tomorrow. This naked bloodthirsty behavior similar to "usury" should be as cautious as possible. We also advise platform bosses to be "good people" and not to be the target of public criticism. You should know that "water can carry a boat, but it can also overturn it."