What happened when the micro-loan network, the largest P2P platform in Hangzhou, was cold?

On the evening of July 4th, Weibo, the official of Shangcheng Branch of Hangzhou Public Security Bureau, issued a warning notice saying that Microfinance (Hangzhou) Financial Information Service Co., Ltd. (the "Microfinance Network" platform) was suspected of illegally absorbing public deposits and was placed on file for investigation according to law. At present, the case is being investigated according to law.

Earlier, the National Business Daily reporter learned from people familiar with the matter that the regulatory authorities required all online lending platforms in Hangzhou to withdraw from P2P business before the end of June, and the P2P clean-up in Hangzhou was coming to an end.

It is understood that the "micro-loan network" P2P platform was once in full swing, and the opening price on the day of listing reached $65,438 +00.5 yuan per share. Now it has been put on file for investigation on suspicion of illegally absorbing public deposits, and its market value has shrunk to less than 1 billion dollars. The latest closing price is $65,438+$0.33 per share, which is nearly 90% lower than the opening price.

Extended data

The accumulated loan amount of micro-loan network is 298.663 billion yuan:

According to the data released by official website, a micro-loan network, as of February 2020, its loan balance was 8.583 billion yuan, with a total loan of 298.663 billion yuan, a total loan of 7.8236 million yuan and a loan balance of 336.6 million yuan.

The financial report of 20 19 shows that the net income of micro-loan network in 20 19 was 3.358 billion yuan, a year-on-year decrease of 14.2 1%. Micro-loan network said that this part of the decrease was mainly due to the reduction in loan service fees. In 20 19, the net profit of micro-loan network was 263 million yuan, down 56.52% year-on-year. In addition, the net profit attributable to ordinary shareholders of Microfinance Network was 253.6 million yuan, down 64.86% year-on-year. 20 18 years, the index is 72160,000 yuan.

National Business Daily-Hangzhou's largest P2P platform is cold! The accumulated loan of nearly 300 billion yuan has been filed by the local police on suspicion of non-storage micro-loan network.