In January 2019, opinions on classified disposal and risk prevention of online loan institutions (No. 175 document) were issued, and P2P industry continued to accelerate clearing and benign exit.
Combing shows that in 2019, many provinces and cities have carried out the clearing of P2P business of their intranet lending institutions. At present, there are nine provinces and cities in Shandong, Hunan, Sichuan, Chongqing, Henan, Hebei, Yunnan, Gansu and Shanxi, which have announced the ban of P2P online lending business.
It is Shanxi province that has recently banned the P2P business of all P2P network lending institutions within its jurisdiction.
Recently, Shanxi Province announced to ban the P2P business of 26 P2P network loan institutions, such as Shanxi Merchants loan. At the same time, 15 P2P network lending institutions in operation were checked, and the results showed that the P2P business of 15 institutions in operation did not meet the relevant regulations, so they were banned. It is required to suspend the issuance of new standards in P2P institutions, and to complete the benign withdrawal and market clearing before the end of June 2020.
The first action was taken in Hunan Province and Shandong Province. In the middle of October 2019, the financial regulatory authorities of Hunan Province and Shandong Province respectively announced that none of the P2P businesses of the online lending institutions within their jurisdiction had passed the acceptance, and all of them would be banned.
Drawn by: Peng Jingru
Subsequently, on November 8, 2019, the website of Chongqing financial regulatory bureau issued a notice to ban P2P online lending business carried out by institutions in Chongqing.
On November 15, 2019, the official website of Henan Provincial Financial Supervision Bureau issued the notice on special rectification of online lending risks in Henan Province, which said that since 2016, the online lending industry in Henan Province has been carrying out special rectification, so far no one platform has passed the acceptance of full compliance, and has studied and determined the first batch of online lending platforms in Henan Province to cancel the website filing number.
On December 4, 2019, Sichuan financial regulatory bureau issued the risk warning of online lending industry. According to the rectification requirements, all P2P online lending businesses carried out in Sichuan by non-conforming online lending institutions in Sichuan Province and unauthorized online lending institutions outside Sichuan Province were banned in accordance with laws and regulations.
On December 12, 2019, the Financial Supervision Bureau of Yunnan Province issued the announcement on the withdrawal of online lending information intermediary institutions from the market (the Sixth Batch), which announced that no platform in Yunnan Province has fully complied with the Interim Measures for the management of business activities of national online lending information intermediary institutions and other relevant regulations. According to the relevant regulatory arrangements, all online lending institutions included in the regulatory scope will be banned Sign out.
On December 13, 2019, the office of the leading group for the special rectification of Internet financial risks in Hebei Province and the office of the leading group for the response and disposal of Internet lending risks in Hebei Province issued the announcement on the results of administrative verification of P2P Internet lending business institutions in Hebei Province, saying that there is not a P2P Internet lending business institution in the whole province that fully complies with the three guidelines of one method, one guideline and one guideline According to the regulations, all of them shall be banned according to laws and regulations.
On December 19, 2019, the special rectification working group of P2P network lending risk in Gansu Province said that through the study and determination of the special rectification working group of P2P network lending risk in Gansu Province, 28 registered P2P network lending companies in Gansu Province have been withdrawn from the market through four ways.
Data chart: the fifth set of RMB in 2019. Photo by Hou Yu, reporter of China News Agency
The final way out for online loan institutions: document 83?
P2P industry is not optimistic, and the remaining platform life is not easy.
In the ebb and flow, the performance of P2P platforms is different. There are platforms that issue a benign liquidation announcement and are filed the next day; platforms that can still be cashed after filing; and platforms that are still in operation but havent announced a good retirement but have started to reap 30% off.
At present, some provinces and cities still have some unique online loan platforms, survival or destruction, which is a problem.
At the end of October 2019, there was a network rumor that P2P in Shanghai and all over the country was ended, which was later proved to be untrue information by Shanghai Internet Finance Industry Association.
On November 15, 2019, it was announced in the self media that Beijing is planning to completely ban its regional P2P network loan operation agencies, and relevant implementation plans have been implemented to the local law enforcement agencies. Later, the article showed that the content could not be viewed due to violations.
No instructions have been received so far. Beijing Internet Financial Industry Association issued a statement to refute rumors, saying that all the rectification work of Internet financial industry is steadily advancing in accordance with the deployment and arrangement of the office of the leading group for the special rectification of Internet financial risks and the office of the leading group for the special rectification of Internet loan risks.
It is worth noting that on November 27, 2019, a document on the transformation of P2P online lending institutions into small loan companies was issued, that is, guidance on the pilot transformation of online lending information intermediary institutions into small loan companies (jbh  No. 83, referred to as No. 83 document for short). No. 83 document was issued by the office of the leading group for the special rectification of Internet financial risks and the special rectification of online lending risks The name of the office of the rectification leading group is issued to the local financial regulatory authorities, aiming to provide the institutional basis for the transformation of online lending institutions into small loan companies.
According to document No. 83, online loan institutions have been transformed into small loan companies with clear capital requirements. The capital requirement for small loan companies must be paid in monetary capital. Among them, the registered capital of small loans operated in a single provincial region shall not be less than RMB 50 million; the registered capital of small loan companies operated in the whole country shall not be less than RMB 1 billion; moreover, the first paid in monetary capital shall not be less than RMB 500 million, not less than 1 / 10 of the loan balance of online loan institutions during the transformation.
No.83 document is actually the last way out for online lending. Some people in the industry think that the regulatory attitude is in big words, during this period of time: the platform with problems should be exposed; the platform with problems should be cleared; the platform with strong strength should rush through the small loan license plate or the transformation of consumer finance to take the license plate as the regular army.
Source of this article: responsible editor of China News Network: Wang Fengzhi, nt2541