On August 24, 2016, the China Banking Regulatory Commission issued the Interim Measures for the Business Management of Online Information Intermediaries (hereinafter referred to as the Interim Measures), marking the formal opening of the compliance rectification of the online lending industry. Subsequently, various network lending platforms have carried out compliance reform, a time of network lending platforms surging, industry reshuffle intensified.
At the macro level, the Interim Measures mainly set out several important principles. First, the online lending platform must obtain the corresponding ICP operating license; Second, the funds of online lending platforms must be kept by commercial banks; Third, information disclosure should be carried out in prominent places such as the official website. Now, one year later, how is the compliance rectification of the entire industry? Below we take the network loan platform cloud money bag as an example.
1. Bank deposit
After the Interim Measures was published, Cloud Money Bag began to explore the road of bank deposit. Based on the security consideration of user funds and the compliance requirements of industry supervision, Cloud Money Bag always regards the screening of banks as the top priority, fast and good implementation. After contacting and negotiating with many commercial banks, the signing ceremony between YunQianbagan and Bank of Xi 'an was successfully held on March 16, 2017, marking the official opening of the big curtain of Yunqianbagan bank depository.
After the signing of the depository agreement, the docking and debugging of the depository system followed. After four months 'efforts by technicians, the depository system of Cloud Money Bag Xi 'an Bank was officially launched on July 17.
It is worth mentioning that, according to the relevant data of the net loan home, by the end of July 2017, the number of normal operation platforms of the net loan industry is 2090, and the online bank depositing platform is 383, accounting for only 18.3%.
Two, quota management
According to the Interim Measures, 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.
As a representative platform that always adheres to inclusive finance, Yunqianbag.com always adheres to quota management. After the Interim Measures was published, YunqianBag.com immediately conducted relevant checks to ensure the compliance of the target quota. At present, all projects of Yunqianbag.com are fully in line with the requirements of quota management.
Iii. Investor education and risk tips
In fact, long before the Interim Measures was published, Cloud Money Bag had already started this work. In the official website of Cloud Money Bag, APP and other prominent positions are "the market is risky, cautious lending" related tips. And the cloud money bag in the investment channel also carried out the related risk tips.
In April this year, in order to educate investors, YunQianbao launched a special column called "Online Lending Class", which conveys online lending knowledge to borrowers and lenders through continuous publication of articles.
4. Information disclosure
Information disclosure is not only a requirement of the Interim Measures, but also an important way for the platform to communicate with investors. An open and transparent platform with perfect information disclosure will greatly increase the trust of investors.
Therefore, according to the relevant regulatory requirements, cloud money Bag has made information disclosure in a prominent position on the official website. Information disclosure is divided into basic information, governance information, platform information, major events, laws and regulations and operation information, so that ordinary users after reading the information disclosure of the cloud wallet platform at a glance.
Today, as the one-year compliance test approaches, it's clear how much each platform scores depending on its level of compliance. In short, the more compliant the platform, the sooner will be trusted by users, presumably no platform does not understand this truth.
