The group loan network, which has been on file for three years, also held a trial on April 25. Due to various reasons such as the epidemic, the case was not broadcast live to the public, and the details of the trial were not disclosed. However, the trial has taken a big step, followed by trial and conviction.
According to the data released by the China Banking Regulatory Commission, by the end of 20021,the number of closed online lending institutions whose P2P stock business was not cleared had dropped from 1466 to169, and the outstanding balance had dropped from 820.7 billion yuan to 497.4 billion yuan. Last June, 5438+065438+ 10, the actual P2P online lending institutions in China were completely zero.
At present, the P2P platform that has not left the network faces a triple blow. There is no revenue pressure, the dilemma of difficult collection, and the pressure of public security law, which makes these platforms no way back.
I've been through a lot of trouble.
The dilemma PPmoney faces is the epitome of the whole P2P platform. At present, the collection situation of P2P platform is not optimistic. As the pressure on the outstanding balance continues to decline, it is more difficult to collect, and the non-performing rate is also rising.
According to the content of online communication of CEO of PPmoney CEO Hu Xin said that the current collection is not ideal, and with the passage of time, there are fewer and fewer reminders.
PPmoney's payment methods are mainly electricity, face and law. Affected by the epidemic, face-to-face interviews and electric reminders were put on hold. Because of the influence of the policy, it is difficult to find a court that can file and execute P2P cases in batches, so the recall progress is slow. At present, there are also attempts to ask a third party for collection, but the collection is not ideal.
It is worth noting that CEO Hu Xin revealed that PPmoney got into the current predicament because of its cooperation with CMA. He said, "At that time, CMA engaged in many false projects and transferred assets. We were cheated badly by CMA. However, due to the characteristics of P2P industry, there is no report so far. CMA has transferred the lender's money and has not paid it yet. "
When talking about whether PPmoney will file a case, Hu Xin's expression is vague, indicating that he doesn't want to be filed, but if things really come to this, he will accept it.
According to the evidence provided by some lenders, PPmoney faces great regulatory pressure. Last year, a lender filed a lawsuit in court and was told by the court that "the defendant Wan Hui Investment Management Co., Ltd. was suspected of a criminal offence and suggested to report the case to the competent public security organ". It is reported this year that the Guangzhou municipal government has set up a special working group to rectify the PPmoney online lending platform, and is conducting a comprehensive verification on whether it is suspected of economic crimes. At present, the Economic Investigation Detachment of Guangzhou Public Security Bureau is accepting the report materials submitted by the lenders of the platform company on the spot or by mail, and investigating the related problems of the platform company suspected of economic crimes reflected by the lenders.
In fact, at present, most PPmoney lenders are waiting to file a case. As the overdue time of the platform is gradually lengthened, the speed of payment is slowed down, the discount is increased, and the trust of lenders in the platform is gradually exhausted. Even if the platform does encounter difficulties, most lenders still hope that the third-party public security inspection law will intervene and interfere with the platform redemption work.
However, even the platform after filing may not be able to quickly promote the redemption work, and the complexity of the case itself will also lead to the delay of the court's decision.
Recently, the Dongguan Intermediate People's Court announced at 9: 00 on April 25, 2023 that 46 people, including the defendant Derivative Technology Group Co., Ltd. and the defendant Tang Jun, had been prosecuted for the crimes of fund-raising fraud, illegally absorbing public deposits, manipulating the securities market, falsely issuing special VAT invoices and falsely issuing invoices. This means that the group loan network that has been filed for more than three years has entered a probation period.
Because the trial of this case was not made public, there was no news about the trial result and whether it was pronounced in court, but the trial.
From voluntary retirement to filing a case, and then to a court verdict, every link in the middle may take several years. Not only are lenders physically and mentally exhausted, but the platform is also under pressure from some lenders, such as malicious complaints, difficulties in business collection, the closure of the company's revenue and the continuous strengthening of supervision. At present, almost all platforms that have not returned are very difficult.
The living environment of the platform is harsh.
According to the information recently disclosed by the China Banking Regulatory Commission, public security organs and regulatory agencies are stepping up efforts to assist the platform in cracking down on debt evasion and speeding up the settlement of online loan repayment problems.
After the regulatory intervention, in addition to accelerating the debtor's access to PBOC credit information and freezing the debtor's Alipay, the responsibilities of the platform, shareholders and senior executives will be further clarified. This means that once the case is filed, it is difficult for the top managers of P2P platforms to escape from jail, which is also an important reason why most platforms take the initiative to introduce various retirement methods to reduce their stocks in order to clear their positions.
At present, many platforms, such as Dianrong.com, Wang You, Pioneer Finance/Online Information Platform, Jiufu and PPmoney, have launched many drop-off channels, including cash discount channels, commodity exchange and creditor's rights. But judging from the reaction of lenders, these channels failed to satisfy them.
With the increase of overdue rate, the cash discount is getting bigger and bigger, and some platform applications can only pass as low as 20% discount, which is unacceptable to lenders. Coupled with the inflated price of commodity exchanges, the claim of creditor's rights is considered as a platform evasion scam, which makes the return of platform stocks slow.
basis
In fact, gold discount is inevitable. The platform has no operating income, and the collection depends entirely on outsourcing. The fees charged are also included in the amount charged. It's true that you can only pay at a low discount.
The platform can only actively collect arrears through self-built collection teams or introducing asset managers. After the intervention of supervision, the ways of recovery are more diverse and the means are tougher.
According to the relevant work arrangement of P2P platform this year, once the supervision intervenes in the online lending platform, it is necessary not only to compact the responsibilities of the platform, shareholders and executives, but also to recover the unjustly enriched executive bonuses and shareholder dividends, and some unreasonable celebrity endorsement fees will also be held accountable.
In order to expand their popularity, some early P2P platforms invited celebrities to speak for them. Mosquito legs are meat, too. If the money is recovered, the lender's loss situation will be improved to some extent.
In addition, the decision on Amending the Interpretation of the Supreme People's Court on Several Issues Concerning the Specific Application of Laws in the Trial of Criminal Cases of Illegal Fund-raising issued this year also provided a legal basis for the P2P platform trial. The Interpretation adds new ways of illegally absorbing funds, such as peer-to-peer lending, virtual currency trading, financial leasing, etc. At the same time, it adds an item "illegally absorbing funds by providing' pension services', investing in' pension projects' and selling' pension products'" as the tenth item, which provides a basis for punishing illegal fund-raising crimes such as P2P, virtual currency and pension fields according to law.
It is undoubtedly good news for lenders to clarify the right and responsibility of P2P platform retirement from the judiciary to the public security to the administrative supervision department, but it is mixed for the platform side.
According to statistics, the number of P2P online lending institutions actually operated in China in +065438+ 10 last year was completely zero. This means that the P2P platform is already in a "non-operational" state, and it is hard to say whether it can survive before it is fully redeemed. After all, there is not much money left in the platform itself.
In addition, the increase in the overdue rate of the platform has also continued to slow down the process of retiring. Judging from the data published by some platforms, the overdue rate of platforms exceeds 90%, and some even reach more than 95%.
Some insiders revealed to the consumer finance channel that most of the overdue borrowers on the platform do not intend to repay, and they will make malicious complaints in the face of normal collection, resulting in poor collection effect.
In fact, P2P platform can do very little on the road of cracking down on debt evasion gangs. At present, the collection method is limited, and debt evasion gangs are attacking it. They expect the platform to be put on record and cancelled, so that the living debt can be abolished without paying back the money. This is actually a life-and-death race.
At present, the urging of judicial intervention has achieved good results, but the coverage and initiative of judicial collection are not enough. Now the platform hopes that the judicial assistance will be used to collect the loan, and the balance of the loan will be settled more effectively and the lender will be paid.
On the one hand, it is the urging of lenders, on the other hand, it is the pressure of supervision. Self-collection progress is slow. At present, there is no platform for returning stocks. How to break the deadlock is still unknown.
Related Q&A: Related Q&A: All 5,000 P2P online lending institutions have closed down! Will you pay back the borrowed money? What platforms are there? On March 15, 2023, China Banking Regulatory Commission announced that peer-to-peer lending platforms that violate p2p regulations must be fully retired this year.
The list of more than 5,000 illegal peer-to-peer lending platforms is as follows: