It has been a year since the Interim Measures for the Management of Business Activities of Online Lending Information Intermediaries (hereinafter referred to as the Measures) were published. How are the compliance conditions of various online lending companies? To be sure, since the "Measures" published, the whole network loan industry compliance process has accelerated significantly. There is no lack of cloud money bag, pleasant loan and other well-known platforms. Below we show the compliance situation of net loan industry through data.
I. Hard indicators of bank deposit
According to the latest data from WangDai Home, the number of normal operating platforms in the industry was 2,090 at the end of July 2017. The statistics included 357 bank depository platforms, accounting for 17.1%, the data is significantly lower than market expectations. There are mainly two reasons for this. First, the regulatory authorities relaxed the compliance period, which made many platforms slow down the pace of compliance. Second, smaller platforms are subject to many restrictions, making it difficult for them to find suitable commercial banks as depositary institutions. Although large commercial banks provide better services, they have higher requirements on the platform, and the service fee is also a big expense.
As far as the current situation is concerned, the signing of the depository management agreement and the launching of the system are not the same concept. Generally speaking, after the signing of the agreement, the depository management system can be officially launched after 3-6 months of coordinated testing. So no one should be surprised at the current ratio. Over time, the hard targets for bank deposits will be honoured.
2. Loan limit
As we all know, the central bank's regulatory attitude is very clear, hoping that online lending will become a supplement to the banking industry. Moreover, we should adhere to the principle of "small amounts of universal benefit". Therefore, the loan limit management has become a mandatory requirement at the regulatory level. Article 17 (2) of the Measures clearly stipulates that the upper limit of the loan balance of the same natural person in the same online lending information intermediary platform shall not exceed RMB 200,000 yuan; The loan balance of the same legal person or other organization in the same online lending information intermediary platform shall not exceed RMB 1 million yuan; The total loan balance of the same natural person in different online lending information intermediary platforms shall not exceed RMB 1 million yuan; The total loan balance of the same legal person or other organization in different online lending information intermediary platforms shall not exceed RMB 5 million.
According to the survey statistics, until now, the implementation of the loan limit management is more optimistic than the bank deposit management. Previously, large loan bids, including Hongling Venture Capital and Jinshang Loan, accounted for a very large proportion, exceeding 40% of the total target of the platform, but the situation has improved significantly. At the same time, such as cloud money bag has been insisting on small inclusive platforms are not a few.
3. Information disclosure
Information disclosure to the public is also one of the compliance indicators required by regulators. The Internet Finance Association of China has played a leading role in the implementation of information disclosure. So far, 66 platforms have connected to the China Mutual Finance Association's Xinpi system, according to Tianyan, an online lender. For the whole network loan industry has played a certain demonstration role.
In addition to access to the letter system, the most important way of each platform is still the official website. Take YunQianbag.com as an example. On the homepage of the official website of Yunqianbag.com, users can easily find information disclosure items. Under the information disclosure, the letter and approval items, including basic information, governance information and operation information, are clear and clear, convenient for users to consult.
In order to protect investors, the central bank, the China Banking Regulatory Commission and many other regulatory authorities have given full autonomy in local supervision, and the compliance time has been extended by one year. However, the earlier the development of net loan platform, the more favored by the regulatory authorities and users. Therefore, it is urgent to select a compliance platform as soon as possible.
