This afternoon, the China Banking Regulatory Commission held a press conference and officially issued the Interim Measures for the Administration of Business Activities of Internet Lending Information Intermediaries (Evaluation Draft). Waiting for the semi-annual P2P network loan regulations finally came to an end.
Overall, the China Banking Regulatory Commission believes that “ the positioning of P2P online lending is still a supplement to traditional finance â€. The rules will increase the number of activities that may not be undertaken in online lending from 12 items to 13 items, which adds to the first draft of the detailed rules at the end of last year a statement on the prohibition of the transfer of creditors' rights.
With regard to the issue of depository funds, the detailed rules clearly stipulate that the funds of online loans must be held by third parties of banking financial institutions. Only banking financial institutions are the depositaries of “net loans†rather than other institutions.
Regarding the limit on borrowing quotas, Li Junfeng, director of the Financial Supervision Department of the China Banking Regulatory Commission, said in response to a reporter’s question, “From the perspective of P2P, we must position it in a small amount.â€
The detailed rules clarify the concept of small-scale decentralization. Specifically, the upper limit of the single entity for borrowing is clearly defined on the asset side. It states that the single borrowing limit for a single individual and a single natural person on a single platform is 200,000. The single organization and legal person are on a single platform. The upper limit on borrowing is 1 million, the maximum borrowing limit for a single natural person on multiple platforms is 1 million, and the maximum borrowing limit for a single legal entity on multiple platforms is 5 million.
Lei Fengwang learned that this requirement is the same as previous rumors, and this may also cause some large-scale benchmarking platforms to face restructuring or voluntary withdrawal. Because many institutions have huge amounts of projects, tens of millions of them.
Li Junfeng said that this arrangement is based on three considerations:
First, further clarify the need for the positioning of “net loans†institutions. Internet finance, especially P2P, is positioned to address the needs of investors and borrowers in traditional financial institutions that cannot be covered or cannot get good access to financing services, and such requirements are small. The service targets are self-employed, individual consumers, small and micro enterprises, and farmers.
Second, Internet technology, the use of Internet channels and cloud computing, big data technology, from the current point of view, in the risk control and information collection can only be positioned as a microfinance demand, large- scale financing needs alone online information collection The handling of big data will not solve the problem of risk control.
Third, in terms of international practice, other countries, such as the United States and the United Kingdom, have a relatively small amount of existing relatively standard online lending institutions.
On the other hand, the net lending quota also made the issue of industry information sharing surfaced. Without a loan-sharing information sharing system, it is impossible to know if individuals or businesses have exceeded their limits. Currently, the information of each P2P platform is not shared, and the industry does not have a unified system, which also makes it difficult to implement the provisions of the rules.
The following Lei Feng network (search "Lei Feng network" public number attention) combs about the key developments of online loan supervision rules:
In April 2014, the China Banking Regulatory Commission issued the "Opinions on Several Issues Concerning the Application of Law in Handling Criminal Cases of Illegal Proceedings," and initiated research work on P2P regulatory rules;
In July 2015, the Central Bank issued the “Guiding Opinions on Internet Finance†to encourage innovation in internet finance, and pointed out that individual network lending institutions should clarify the intermediary nature of information, and the network lending business should be supervised by the China Banking Regulatory Commission;
In November 2015, the Internet financial statistics system was included in the statistics system of central bank banking financial institutions, with emphasis on P2P network lending;
In December 2015, the Interim Measures for the Administration of Business Activities of Internet Lending Information Intermediaries (Draft for Soliciting Opinions) was released and public comments were started;
In April 2016, the State Council organized 14 ministries and commissions to convene a video conference to launch a nationwide special rectification in the area of ​​Internet finance for a period of one year;
In May 2016, the State Council issued the implementation plan for mutual gold special rectification;
In August 2016, the China Banking Regulatory Commission formally issued the Interim Measures for the Administration of Business Activities of Internet Lending Information Intermediaries (Evaluation Draft).
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