Since the special rectification of mutual financial and online loan risks, nearly 5,000 institutions have withdrawn

Since the special rectification of mutual financial and online loan risks, nearly 5,000 institutions have withdrawn
On April 24, Sauna and Yewang noticed from the China Banking and Insurance Regulatory Commission that recently, the Mutual Gold Remediation Leading Group and the Internet Loan Remediation Leading Group have jointly organized a video teleconference on Internet finance and online loan risk special rectification work.Relevant responsible comrades of the relevant departments of the central government and the offices of various provinces and cities in the country attended the meeting.The conference system summarized the rectification work in 2019, comprehensively analyzed the difficulties and challenges faced by the current Internet finance and online loan risk rectification, and clarified the goals and tasks of the special rectification of Internet finance and online loan risk in 2020.The meeting requested that the next step be to actively and steadily do a good job of special rectification and closing work, to create a favorable condition for winning a tough battle to prevent and resolve financial risks, and to ensure the full construction of a well-off society.Since 2019, risks in the Internet finance field such as online lending nationwide have continued to converge, and these efforts have achieved substantial performance.As of March 31, 2020, there were actually 139 online lending institutions (hereinafter referred to as online lending institutions) in operators across the country, down 86% from the beginning of 2019; the loan balance decreased by 75%; the number of borrowers decreased by 80%; and the number of consumers decreased by 62%.The number of institutions, the scale of loans and the number of participants have declined for 21 consecutive months.Since the rectification work began, nearly 5,000 institutions have gradually withdrawn.Internet asset management, speculation of virtual currency speculation, illegal foreign exchange transactions and other areas of stock risk orderly cleared.The meeting pointed out that over the past year, various departments and localities have reasonably grasped the pace of rectification opportunities, strengthened up-down linkage, courageously acted, actively acted, categorized and implemented policies, insisted on the withdrawal of institutions as the general direction of rectification work, and strived to “retreat and retreat, Should be closed as far as possible. “Initially insist on making progress in a steady manner, without rushing, and focus on promoting the benign exit of the organization.At the same time, it took the initiative to attack and accurately dismantle bombs. Some of the risk points accumulated over many years were corrected, and a large number of long-delayed cases were dealt with.Risks in the Internet finance and online lending sectors have fundamentally improved.The meeting believed that despite the great achievements in the special rectification of Internet finance and online loan risks, it should also be noted that most of the current stage is still very complicated, and there are still some problems that have not been fundamentally resolved.Since the beginning of this year, the new coronary pneumonia epidemic has brought new challenges to the remediation work. The follow-up work is tight, the task is heavy, and the difficulty is great.First, the “three drop” work of the remaining camps is progressing slowly, and the subsequent disposal is very difficult.Secondly, the task of disposing of closed institutions is still arduous, and the stock risk of online loan institutions that have been closed across the country is still at a high level.The problems of “retreat but not clear” and “retreat but difficult to clear” are prominent, and it may take time to resolve risks.Third, there are many difficulties in institutional transformation.Some institutions or transition expectations are not strong, or the transition capacity is insufficient. In the process of specific advancement, many new situations and problems will arise, and a lot of hard and meticulous work needs to be done.Fourth, due to some uncertainties in epidemic prevention and control, the operation, collection and transformation of online loan institutions have been affected to a certain extent.The focus of the meeting is that 2020 is the year of the well-off society and the 13th Five-Year Plan, and the year of ending the battle to resolve financial risks. It is of great significance to do a special rectification of Internet finance and online loan risks.In accordance with the general requirements of the Finance Committee of the State Council and the work deployment of the two leading groups, the main objectives and tasks of the special rectification of Internet finance and online loan risks will be basically completed in 2020.The prevention and treatment of savings risks in various regions and departments is taken as the core task of the subsequent substitution. Under the substitution of the principle of marketization and rule of law, measures should be taken according to local conditions and take multiple measures to replace and protect the legitimate rights and interests of investors.Further increase the speed of stock pressure reduction, effectively reduce the scale of business, and accelerate the pilot work of expected institutional transformation.Increasing the punishment of suspects for illegally escaping debts and debts, accelerating the progress of the online credit information exchange and credit reporting system, and improving the joint disciplinary mechanism for prosecutors of untrustworthiness.At the same time, strengthen Internet asset management, speculation of virtual currency speculation, illegal foreign exchange transactions and other areas of supplementary risk monitoring, establish a rapid research and judgment, qualitative and disposal strike mechanism, and always maintain a high-pressure situation to prevent a resurgence.Relevant departments in various localities should conscientiously sum up the experience and lessons of Internet finance and online loan risk rectification, and fully implement the overall requirement that “financial business must be licensed to operate”.Continue to focus on the “unlicensed driving” problem in the financial field, explore the early detection and early disposal mechanism of illegal financial business of non-licensed institutions, further accelerate the construction of a long-term mechanism for Internet financial supervision, and truly prevent and resolve Internet financial risks from the source.Sauna, Ye Wang Hou Runfang Editor Zhao Ze