After the ban, listed institutions are not allowed to engage in online lending business. They should take the initiative to cancel the company or change the company name and business scope to the local market supervision department, and at the same time apply for closing the platform website and removing the App. After the company's name and business scope are changed, the words "exchange, trading center, exchange, finance, asset management, wealth management, fund management, investment management (consulting), wealth management, equity investment fund, online loan, peer-to-peer lending, P2P, equity investment, equity crowdfunding, internet insurance and payment" shall not be used.
Ningxia is not the only region that has recently accelerated the retreat of online loan business. On May 29th, Hubei Provincial Local Financial Supervision Administration announced that Hubei Province has started to carry out special rectification of P2P peer-to-peer lending risk since 20 16. None of the 147 enterprise online lending institutions in the province that have been specially rectified have been fully compliant and passed the acceptance, and all P2P online lending businesses have not been approved or filed by the financial regulatory authorities. Up to now, 147 corporate online lending institutions have all closed down.
So far, Hunan, Shandong, Chongqing, Henan, Sichuan, Yunnan, Hebei, Gansu, Shanxi, Inner Mongolia, Shaanxi, Jilin, Heilongjiang, Jiangxi, Anhui, and Hubei *** 16 have all announced that all online lending businesses within their jurisdiction are prohibited; In addition, Ningxia, Guizhou and other places have disclosed a number of banned online lending institutions, while Shenzhen, Xinjiang and other places have also published a number of revoked online lending institutions.
For example, the micro-loan network, a listed company in the US stock market, announced on May 3 1 day that based on national policies and industry trends, the micro-loan network will quit the online loan industry before June 30, 2020 and will no longer operate online loan information intermediary business. According to official website, as of February 2020, the loan balance of micro-credit network was 8.583 billion yuan, with a total loan amount of 298.662 billion yuan and a total of 7.8236 million loans.
A senior person who did not want to be named pointed out, "At present, the policy orientation of the online lending industry is very clear, with repayment and transformation as the main goals and resolving stock risks as the primary goal. It is expected that at the end of June this year, there will be a basic explanation for the solution to the stock risk in the online loan field, but it will take some time to promote implementation. "
Yu Baicheng, president of the Zero One Research Institute, also said that most large online lending institutions are still in progress. The larger the stock, the larger the scale of bad debts, and the more problems there are. It is not easy to quit benign, even more difficult than many small and medium-sized platforms. The strength of shareholders and the platform, the quality of assets, the degree of compliance, the attitude of regulators, and the development of new business will all affect the exit process of the platform. In his view, while retiring, large online lending institutions mostly hope to achieve transformation, such as applying for online small loans and transforming loans, and continuing the online lending business capabilities and users accumulated in recent years.
In the view of the above-mentioned senior people, for the platform preparing for the transformation of small loan institutions, because the transformation process lasts for a long time, first, it is necessary to enhance its lending ability or find high-quality assets to enhance its enhanced business ability during the transformation process. In addition, we can also find high-quality partners or partners with strong financial and technical strength to enhance our own strength.