Internet Financial Management: Rectification Period Has Entered The Countdown

According to media reports on January, in order to better protect the interests of investors, the information disclosure of financial products will be further implemented. The CBRC will set up a banking financial management and Registration Center Limited in the near future.

Of the 20 samples represented by P2P, only 2 had disclosed all the above 4 items, and 4 had not disclosed 1 items. The rest of the platform was only partially disclosed.

These P2P network loan platform for the financing side

The rate of incompleteness is as high as 90%.

In December last year, the P2P net loan regulatory opinion issued, according to the requirements of the draft, the platform should disclose the borrower information, including, but not limited to, annual income, major assets, major debts and credit reports.

However, according to a recently released investment survey on information disclosure by P2P financiers, only 20 of the 20 selected targets of 20 sample P2P net lending platforms have disclosed all the above 4 items of information, while 4 other 1 items have not been disclosed, and the rest of the platform has only partially disclosed.

These P2P net loan platforms have 90% incomplete information disclosure to the financiers.

Not only that, investors are in the target of investigation.

The names of the financing parties (or business names) could not be viewed before.

After the actual investment, there are still 13 platforms to smear the key information of the financing Party's real name (or enterprise name), ID card number and photo.

In addition, 4 of the 20 P2P platforms do not provide loan contracts (or entrustment agreements), and the default rate of the loan contracts is 20%.

On the other hand, for overdue and undesirable situations, part of the P2P net loan platform is somewhat secretive.

According to pat loan, Hongling venture capital, everyone loan, building blocks and other 11 P2P

The annual operating data released in 2015, of which 4 platforms did not publish overdue data, and some of the platforms that were published did not explain the statistical caliber of the data.

It is noteworthy that, after long discussions by the relevant institutions and the industry, the stringent requirements of regulators on the Internet financial letter system have finally come to an embryonic stage.

The reporter was informed that the China Internet Finance Association, which is about to be established, held the seminar on Internet financial information disclosure standard recently in Beijing. In the "Internet financial information disclosure standard" published in the first draft, the P2P institution will formulate a comprehensive and strict information disclosure standard, which requires updating at least 21 platform operation information every day.

Specifically, the updated information includes the total amount of pactions, the total number of borrowers, the number of borrowers, the amount of loan per capita, the amount of loan per capita, the cumulative investment quota per capita, the average investment quota, the loan balance, the proportion of the largest single household loan, the ratio of the largest 10 borrowers, the average full mark time, the cumulative default rate, the overdue rate of platform projects, the overdue rate in March, the overdue amount of loans, the amount of compensation, the loan overdue rate, the loan default rate, the customer debt situation, the borrower's operating status and so on.

"Information asymmetry between the two sides of investment and financing not only improves the paction cost of the net loan business, but also increases the investment difficulty and investment risk of the investors."

Rong 360 financial analyst Zhang Jianguo believes that the introduction of the draft means that the net loan industry has entered the stage of "law-abiding", and the rectification period of 18 months has entered the countdown stage.

For most P2P platforms, the next rectification will be inevitable.