(2) Small loan companies have low profitability and heavy tax burden. There are two reasons for the low profitability of small loan companies: from the perspective of system design, small loan companies can not absorb deposits, have limited financing from banks, have low financial leverage and low return on net assets; Judging from the fiscal and taxation policies, there is no preferential tax policy for small loan companies. Small loan companies pay 25% income tax and 5.56% business tax and surcharges.
(3) Inadequate supervision. According to the existing policies and regulations, small loan companies are non-financial institutions, engaged in financial business, not included in the supervision of the CBRC or the People's Bank of China, and are basically led by local financial offices or undertaken by inter-departmental coordination (leadership) groups. Local governments often only pay attention to access supervision such as registered capital and shareholder qualification examination, and often lack on-site inspection and off-site monitoring of whether daily business activities are illegal.
(D) Individual small loan companies have violated laws and regulations, and their internal control management level is low. First, some small loan companies provide registered capital verification loans to other companies, and even issue loans to illegal projects. Second, the loan interest of some small loan companies has approached or reached the level of usury. Third, although small loan companies have not been found to raise funds illegally, some small loan companies involved in entrusted loan business may evolve into disguised absorption of public deposits or illegal fund-raising. Fourth, the system construction is relatively backward, and there are widespread problems such as irregular financial accounting, backward scientific and technological means, loose credit management, inadequate risk management and no provision system. Fifth, except for some senior executives and business backbones, most employees of small loan companies have no banking experience and lack the knowledge and skills to engage in financial business. Due to the change of supply and demand, the interest rate of private lending is gradually decreasing. The overall macroeconomic situation is not good, and the overall business volume of small loan companies is declining. At present, the effective demand in the market is declining, and benign customers are hard to find.
According to insiders, the macroeconomic situation and the tightness of bank credit are the main factors affecting the activity of private financing. Especially in the context of macroeconomic downturn, the central bank's monetary policy makes financial institutions relatively abundant, and it is relatively difficult for enterprises to borrow from banks, which will inevitably weaken the demand for funds from private lending channels. ...