On February 15, the building block of Beijing P2P online lending platform announced that the company has the conditions to transform into a small loan company. After careful study, we decided to start strategic transformation from now on and apply for transformation into a company. At the same time, the platform will withdraw from the online loan business in accordance with the provisions of Circular 83.
(announcement page)
The announcement also shows that in June 5438 +2020 10, the parent company of Building Block Puzzle Group and the investment service organization Wenhua Industry Group completed strategic integration. According to reports, Wenhua Industry Group is an investment service organization that focuses on people's livelihood and just needs an industrial chain ecosystem. After integration with Building Block Puzzle Group, Wenhua Industry Group will provide support for platform transformation.
According to the announcement, the platform decided to stop issuing new bids, stop the transfer of creditor's rights, close the recharge channel, and accept the withdrawal operation initiated by users who have paid and recharged the loan at the expiration of the project; Set up an exit working group to cooperate with the third-party asset management company of the platform for a long time to liquidate creditor's rights and debts; Start the preparatory work for the creditors' committee.
20 19 1 1 year 10, the supervision issued the Guiding Opinions on the Pilot Transformation of Information Intermediaries into Companies in Peer-to-Peer Lending (the aforementioned "Document No.83"), which guided some qualified online lending institutions to transform into small loan companies and strengthened the supervision direction of P2P continuous clearing.
It is reported that part of the assets of the building block come from PINTEC, a financial technology company listed in the US stock market. According to previous reports, the building block market originally belonged to Pintec, and was split into a new building block puzzle group on 20 16.
Titanium used to rely heavily on P2P platform building blocks for funding. After the split, the proportion of funding sources of building blocks decreased year by year. According to the financial report data, at the end of 20 16, the proportion of funds from building blocks in titanium business was 99%, which decreased to 8 1% at the end of 20 17 and 62% at the end of 20 18. The 20 19 semi-annual report shows that the proportion of building block funds has further dropped to 45%.
According to the data, by the end of 2020 1, the accumulated loan amount of the building block platform was 59.2446 billion yuan, and by the end of 2020 1, the building block scale to be collected was 4.02 billion yuan.
Second, the reasons for the rise of p2p
Existence is reasonable, so the rise of p2p industry is not unreasonable, so what is the reason for the rise of P2P? The following are the reasons why p2p has risen carefully for you. Let's have a look.
The first reason for the rise of p2p is that peer-to-peer lending provides a platform for development. Modern information technology greatly improves the speed and coverage of information dissemination, and provides a fast communication platform for borrowers and borrowers to get to know each other through the network and reach their lending intentions. So we can re-emphasize the original P2P credit model, that is, person-to-person credit based on information platform.
Diversity determines P2P. There are different levels of customer groups in the credit market, and they need large demands of different natures, but large banks cannot effectively meet the loan demands of the majority of small and medium-sized enterprises and residents. Therefore, we must establish the concept of credit market segmentation, establish professional service institutions, innovate service methods, and make full use of the low cost of the Internet and the superiority of information. The diversity of credit demand determines the living space of P2P micro-grid loans.
Third, under the background of the financial crisis, major financial institutions are reluctant to lend, which is an opportunity for P.
Fourthly, the advantages of P2P online lending make it emerge as the times require.
The first reason for the rise of online lending is the imbalance between supply and demand of funds. Capital is a kind of resource, and its rate is not high for a long period of time, which leads to the deepening of economic reform and the continuous reform of new banks, and the problem of capital utilization has been improved to some extent. However, banks still have the problem that the threshold is too high and the loan is too difficult. With the more open policy, online lending has become a powerful supplement to the flow of funds outside banks.
Second, the lending time. Banks show that the loan procedures are complicated, and a loan needs to go through many links such as investigation and approval, which takes a long time. In addition, it is difficult to meet the loan conditions of banks. Therefore, for those who can't meet the bank loan conditions and get loans, online lending is a solution. Compared with bank credit, online loan procedures are relatively simple, flexible and convenient, and it is a more effective financing method. Huang, the owner of a high-end western restaurant in Beijing, plans to open a branch. He urgently needed 300,000 yuan to borrow from a P2P lending platform, and soon he successfully obtained funds. In the whole process of borrowing money, he has never met an investor, and the other party is also a stranger-at present, banks are staging a "money shortage" and a war to grab reserves, and some banks even stop lending. In this context, P2P model has attracted more and more attention. In addition, since 2003, the country has expanded the floating range of loan interest rates, narrowed the gap between bank loan interest rates and online loan interest rates, and also gave online loans.
Third, the motivation of interest thought. In recent years, the state has lowered the deposit and loan interest rates many times, and the deposit interest rate is low, which is not attractive to fund holders. From the perspective of economic benefits, online loans can get much higher returns than deposits in financial institutions.