Apply for bankruptcy! Wang Hans 100 billion P2P has been bombed by netizens again!

category:Finance
 Apply for bankruptcy! Wang Hans 100 billion P2P has been bombed by netizens again!


As soon as the news came out, the comment area exploded. There were those who denounced the celebrity endorsement, some appealed to the regulatory authorities, and most of them hoped to return their hard-earned money.

In response to this, the official customer service of aiqianjin said that at present, no legal documents related to the case have been received, and the company is in normal operation. Please refer to the official information.

The platform was put on file for investigation for suspected illegal absorption of public deposits

According to the circular, in order to recover the funds involved, Dongcheng Public Security Bureau, together with Dongcheng District financial office, recently carried out recovery work on the real borrowers involved in the case, such as Qianzhan, Fanpu credit, Xiaofan installment, Inclusive Finance.

The total amount of loans exceeded 230 billion and more than 420000 were overdue

The overdue amount is as high as 8.265 billion

According to the official website of aiqianjin, aiqianjin is an online lending information intermediary platform of Shanghai RONGSHU Network Technology Co., Ltd., which was launched on May 6, 2014 and has been in operation for six years. In recent years, the total number of matchmaking transactions has exceeded 234 billion yuan.

From the official website of aiqianjin, up to now, the platform is still in operation. The deadline for data disclosure on the official website of the platform is October 22, 2020, and the deadline for the subject matter of loan is September 30, 2020, and the loan balance is still 18.9 billion.

From the perspective of overdue situation, as of September 30, 2020, there were 426000 overdue transactions, and the current loan balance was 1.523 million, with the project overdue rate of 27.98%; the overdue amount was 8.265 billion yuan, and the disclosed overdue amount rate was 40.39%; and the amount overdue for more than 90 days was 7.12 billion yuan.

Compared with the data as of August 31, 2020, the number of overdue transactions was 426000, and the overdue amount was 7.94 billion, an increase of nearly 330 million. Among them, the amount overdue for more than 90 days was 6.64 billion, an increase of 480 million.

According to the data of China Internet Finance Association, from June to July this year, the overdue loan rates of aiqianjin were 32.92% and 36.70% respectively, and rose to 40.39% in September. With such a large amount of overdue loans, the companys collection pressure has greatly increased, and it is expected that it will increase in the next step.

In addition, according to industry insiders to the relevant media, the first application for bankruptcy reorganization will not affect the right of the lender, and the lender holds the creditors rights of the borrower. Aiqianjins shareholders applied for bankruptcy reorganization, which may be aimed at paying less money. From the legal point of view, aiqianjin Information Technology Co., Ltd. owes money to a certain creditor, and the creditor applies to the court for bankruptcy reorganization of aiqianjin Information Technology Co., Ltd. After being accepted by the court, the investor (Deng Libin) applied to the peoples court for bankruptcy reorganization. Here we need to pay attention to the basic fact that creditors can only apply for bankruptcy liquidation of the debtor, shareholders (investors) take the initiative to apply to the court for reorganization, which has nothing to do with creditors. At this time, Deng Libin, who applied for bankruptcy reorganization, was not a creditor, but a shareholder who loved money.

Spokesmen Wang Han and Liu Guoliang apologized

On July 1 this year, Wang Han, a famous host of Hunan Satellite TV, launched a hot search on Weibo because his P2P product was suspected to be Thunderbolt. Some netizens in the micro blog said that Wang Hans financial products were suspected of fraud, 370000 people were cheated by 23 billion yuan. The picture shows that the cheated people hold a banner saying love money into fraud, Wang Han refund the endorsement fee, Wang Han please come out to return my hard-earned money. At the same time, many cheated netizens said on various platforms that they had seen Wang Hans advertisement at that time. They believed that Wang Han put money in the financial products involved in the matter, and stressed that Wang Han should be responsible for this matter.

On July 2, Wang Hans team made an exclusive response through the media: it is heartbreaking for the majority of users to encounter cashing difficulties! The endorsement has ended by the end of 2018. Wang Han and his team have been working with relevant departments to urge the platform to solve problems, hoping to help reduce losses. Later, Wang Han issued a signed statement, saying that he and his lawyer team would actively follow up the matter and face it together with everyone.

After Wang Han, another spokesman, Liu Guoliang, said in an interview with the media on July 5 that his endorsement with the love money platform started in May 2018 and ended at the end of 2019. Before the cooperation between the two parties, the other party has shown the relevant supporting materials for carrying out legal business activities.

Liu Guoliang said that he felt very anxious and distressed after learning about the problems reported by netizens and platform users, and had urged the platform to solve these problems as soon as possible and properly.

The parent company had planned to go public in Hong Kong

According to the public information, aichinjin was launched on May 6, 2014. At the beginning of its establishment, it obtained a round a financing of US $50 million from Gaorong capital, creating the highest financing amount of a round single institution in domestic P2P industry.

Love money into the online, with the help of strong funds, rapid development and growth. Its parent company, van Planck enterprise development (Shanghai) Co., Ltd. (hereinafter referred to as vanguard), submitted a care manual to the Hong Kong Stock Exchange in 2018.

According to the prospectus, vanguard operates an inclusive financial platform for loan matching in China - aiqianjin. As of December 31, 2017, the companys 900000 borrowers matched loans of 51 billion yuan. According to the outstanding balance of matching loans, it ranked fourth in the market with market share of 2.6%; and the trading volume ranked third with a share of 2.4%.

However, on October 31 of the same year, according to the information on the official website of the Hong Kong stock exchange, fanpujinkes IPO application had no progress and was in an invalid state. The latest update date of the prospectus was October 22.

With the tightening of domestic supervision, from the end of 2018, a large number of layoffs were reported in fanpujinke and its subordinate aiqianjin and Qianzhan, which were controlled by the police and even filed for investigation.

In August 2019, fanpujinke Hefei Branch was admitted by the local police for post loan collection; in September, aiqianjin changed its name to Shanghai RONGSHU Network Technology Co., Ltd. Yang Fan and Zhang Fan, the founders of gifted youth, withdrew from the board of directors, leaving only Dong Qi alone.

As of April this year, the equity of aiqianjin changed. Zhang Fan, one of the original co founders, withdrew, and the original shareholder also withdrew. Three new shareholders, including Qingchun, were added.

The crisis continues, P2P industry accelerates to clear up

The emergence of storm online lending platform not only love money into one.

A few days ago, Fenghuang finance suddenly took off the shelves of financial products and stopped cashing principal and interest to lenders, which caused panic among borrowers; before that, platforms such as group loan network and renrenrenjucai also had centralized cashing difficulties. In recent years, with the regulatory attention to the risk of Internet Finance and online lending, P2P industry has accelerated to clear up, and there are many head platforms that have been popular for a time.

On October 22, at the annual meeting of the 2020 Financial Street Forum, Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said that the actual number of P2P and online lending institutions in China had dropped from 5000 during the peak period to 6 at the end of September, and the scale of borrowing and lending and the number of participants declined for 27 consecutive months.

According to the data, as of August 2020, the number of online lending institutions in operation nationwide was 15, which was 99% lower than that at the beginning of 2019, the loan balance decreased by 84%, the number of borrowers decreased by 88%, and the number of borrowers decreased by 73%. The number of online lending institutions, loan scale and number of participants declined for 26 consecutive months.

Liao Zhiming, an analyst at Tianfeng securities, said in the research paper that the rapidly deteriorating asset quality of P2P industry reflects the nature of the industry: targeting the long tail population and covering high risks with high returns. Affected by the impact of the epidemic and the downward trend of credit cycle, the lag of loan risk exposure in P2P industry will make the situation worse afterwards.

Source: Guo Chenqi, editor in charge of China fund daily_ NBJ9931