According to the public information, up to now, 67 P2P platforms in Yunnan have withdrawn from the online lending industry; Jinan, Sichuan, Ningxia, Qingdao, Tianjin and other places have also successively issued documents to clear away and ban the non-conforming P2P platforms within their jurisdiction. Hunan Provincial Local Financial Supervision Bureau announced to ban P2P business of its own intranet lending institutions.
The retreat is still continuing, with the number of platforms falling below 600
With the continuous clearing of the industry, the number of online loan platforms has dropped to the lowest point in history.
According to the latest data of online lending house, by the end of October 2019, the number of normal operation platforms in P2P online lending industry continued to decline, falling below 600 integer gates to 572, a decrease of 29 compared with the end of September. In terms of provinces, the number of normal operation platforms in Beijing and Guangdong was 132 and 109 respectively, while that in Shanghai dropped to 54.
In terms of volume, in October 2019, the volume of P2P online loan industry was 57.027 billion yuan, a decrease of 12.716 billion yuan compared with last month. By the end of October 2019, the cumulative turnover of P2P online loan industry was 8.9 trillion yuan. As for the loan balance, by the end of October 2019, the total loan balance of normal operation platform of P2P network loan industry was 589.269 billion yuan, down 3.39% month on month, down 20.679 billion yuan.
In addition, the comprehensive rate of return of the online loan industry continued to decline. In October 2019, the comprehensive rate of return of the online loan industry was 9.49%, continuing to hit a new low in nearly a year, falling 18 basis points on a month on month basis, down 76 basis points on a year-on-year basis; the average borrowing period of the online loan industry in October was 14.5 months, 0.42 month on month basis, and 0.16 month on year basis.
To this end, online lending House said that overall, in October 2019, P2P online lending industry continued to clear in an orderly manner, and the industry continued to maintain a three down trend in the total number of platforms, total business scale and the number of investors.
All in one online lending in Shanghai is a rumor
Although the industry is in an orderly situation, the reporter noted that there are still some false news in the market affecting the industry order.
On October 30, a rumor that Shanghai online loan platform will stop relevant business one after another became hot. According to the rumor, Shanghai will completely stop the online loan platform related business. The cause of the incident came from an online announcement of Huaxia Xincai, a local online loan platform. According to the online announcement, the platform received a notice from Shanghai Municipal Bureau of financial work that the online loan industry was completed in an all-round way, and the online loan platforms of Shanghai and the whole country will successively stop relevant businesses. On October 28, 2019, all normal operation platforms in Shanghai signed a letter of commitment to stop business.
Subsequently, the Shanghai Mutual Fund Association issued an urgent announcement to refute the rumor that, in response to the network rumors, a Shanghai P2P network lending platform informs the investor, saying that Shanghai and the national network lending platform will successively stop relevant business, and all the normal operation platforms in Shanghai signed the letter of commitment to stop business in the afternoon of October 28, 2019 . After the special rectification by the Shanghai mutual fund association to Shanghai mutual fund It is verified by the relevant department that the above-mentioned notice to investors are false information. Please dont believe, spread or spread rumors.
According to the Beijing business daily, several online loan platforms in Shanghai have not received any notice of suspension of business. According to an online loan platform practitioner in Shanghai, we are now cooperating with the regulatory policy of three reductions , and the amount to be collected has dropped from the previous 16 billion yuan to the current 12 billion yuan. At present, we are in the process of transformation of loan assistance, and the main cooperative institutions include trust, bank and so on.. Another online loan platform person also said that at present, the most thorough implementation of three falls is in Shanghai. From the current regulatory attitude of Shanghai, it has been more cautious. At present, most of the P2P platform work is basically: on the one hand, to be collected, on the other hand, to be ready for transformation.
Promote compliance P2P into Supervision
Since the second half of this year, the pace of clearing the Internet loan industry has been accelerated, and the progress of special rectification of Internet financial risks has been reported in many places recently.
According to the announcement on the official website of Hunan Financial Bureau on October 16, the P2P business of 24 online loan institutions included in the list of Hunan rectification fails to meet the relevant provisions of one method, three guidelines, and they are banned. Other institutions of P2P business in Hunan Province and branches of other provinces engaged in P2P business in Hunan Province have not been included in the administrative verification, and the P2P business carried out by them has also been banned. Hunan has become the first province in China to ban P2P business.
On October 25, Duan Yindi, Secretary of the Party group and director of the local financial supervision bureau of Hubei Province, also said that the 53 institutions that were the first batch to be returned in Hubei Province had also been transferred to the provincial market supervision administration to cancel and revoke their business licenses.
On October 28, the office of the leading group for the special rectification of Internet financial risks in Shenzhen announced the list of the fourth batch of 12 P2P network lending information intermediaries that voluntarily withdrew and declared that the online lending business had been settled.
Before that, Ningxia, Yunnan, Shanghai and other places have publicized the list of online loan institutions. Among them, in addition to voluntary withdrawal, the withdrawal list also includes banning and losing contact, among which there are many platforms with problems.
From the perspective of supervision, the tighter the online loan filing, the general trend is to clean up and exit. After the industrys expectation that the first batch of pilot filing will be launched at the end of June, there is still no notice on the pilot filing of online loan industry, the filing prospect is not clear, and the degree of caution of supervision can be seen. From the perspective of market, apart from individual head platforms, many small and medium-sized platforms are difficult to attract user funds and their living conditions are deteriorating. From a historical perspective, the online loan industry initially lacked supervision for a long time, and it was difficult to find out the situation of the capital asset end. There were problems such as term mismatch, income mismatch and structure mismatch. In addition, involving a large number of public funds, P2P network loan supervision is difficult. It is not difficult to understand that Hunan Province exits the online loan industry as a whole.
Industry insiders believe that one size fits all in some regions does not mean that other provinces should take the same measures. At present, the number of online loan platforms has reached a historical low. Among the industrys voices, in addition to clearing up, most of the rest of the normal operation platforms matching the capital end and the asset end should be preserved.
In fact, the online lending platform has always participated in the inclusive financial ecosystem as a provider of inclusive financial services. Net loan to a certain extent, to meet the needs of more depressed peoples investment and financing. Therefore, for the first tier cities with good development of online loan industry, supervision should allow differentiated development and retain the high-quality platform in the format, so as to promote the diversified development of financial industry.
In the third quarter of 2019 financial statistical data conference held recently, the central bank said that it would continue to cooperate with the CBRC to further promote the special rectification of the online lending field, steadily and orderly promote the work of compliance online lending mechanism into the supervision, and strive to basically complete the stock risk resolution in the online lending field in the first half of 2020, in accordance with the unified arrangement of the three-year battle to prevent and resolve major financial risks u3002 It can be predicted that in the future, the focus of supervision will still be to promote platform transformation and retreat. The regulatory compliance of online loan institutions will promote a more stable and healthy operation of the whole industry. Only for many online loan users can they have a real sense of security.
Source: responsible editor of securities company in China: Liu songju nbj9949