First, field trip. Cheng Bang once organized personnel to visit and study the advanced financial markets at home and abroad, and found that there are loan companies in the United States and financial companies in Hong Kong, all of which are outside commercial banks, which is a good supplement to the financial ecology; In-depth research in Jiangsu, Zhejiang, Shandong and other places, fully understand the role of private lending in promoting local economic development.
Second, scientific argumentation. Cheng Bang organized two theoretical seminars, and the participants included experts from law, finance, research institutions and guarantee industry. According to the national policy orientation of encouraging private capital to alleviate the financing difficulties of small and medium-sized enterprises, the development direction of private capital investment guarantee business in the private lending market is determined.
Third, standardize the operation. Cheng Bang organized full-time lawyers to design the business process and operation text of private lending guarantee according to the standards provided by commercial banks within the scope of current national laws and regulations, set up specialized institutions, carefully pilot, explore and promote, sum up experience and gradually expand.
Fourth, form a pattern. In the past six years, through the practical operation of private lending guarantee business, the "Cheng Bang model" has been formed, that is, a financial innovation model that solves the financing difficulties of small and medium-sized enterprises on a large scale by carrying out standardized private lending guarantee business and legally investing in guarantee companies.
Fifth, three principles. "Cheng Bang Model" has established three principles of private loan guarantee, namely "one-on-one", "no money" and "transparent operation". "One-to-one" means that one borrower corresponds to one investor; "Do not touch money" means that the guarantee company does not absorb and occupy the funds of both borrowers and lenders; "Transparent operation" refers to the establishment of an open, fair and transparent business operation platform, which is notarized by the notary department on the spot, so as to avoid the policy risks of "illegal fund-raising" and "illegal absorption of public deposits" from the whole business process.
Marked by the formation of "Cheng Bang Model" and "Three Principles", the private loan guarantee business in Henan Province has a mature operation standard, that is, the standardized private investment guarantee company conducts strict credit investigation on the borrowers of small and medium-sized enterprises applying for financing, selects qualified borrowers with strong repayment ability and good repayment will, and uses real estate, cars or other assets as collateral, and on this basis guides investors to lend idle funds to them. The guarantee company comprehensively monitors the borrower's use of funds, and provides the whole process of guarantee, so that investors can obtain safety, stability and high returns.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.