The local government issued the “Guide to Loan Aid Filing” and established a negative list
Source | Soap Finance
Author | Uncle Soap
On April 1, the Xiamen Local Financial Association issued the "Guidelines for Xiamen Municipal Microfinance Corporations and Cooperative Institutions to Carry Out Loan Business (Trial)" (hereinafter referred to as "Working Guidelines").
In charge of the entire "Guide to Work", the meaning of expression is relatively simple, which is also equivalent to giving "identity" to the "lending industry".
The "Guide to Work" is the detailed rules and "negative list" for microfinance companies and cooperative institutions (lending companies) to develop loans and obtain customers. The loan-assistance industry actually had relevant policies last year, but the policies were not fully implemented. The “Guide to Work” issued by the Xiamen Local Finance Association is also a local standard and restriction on the loan assistance business.
01 What is the loan business
The "Work Guidelines" mentioned: The loan business refers to the cooperation institutions use their own advantages in technology, scenarios, data, risk control, etc. to provide pre-loan services such as customer acquisition and initial screening to small loan companies. After the company independently completes the core business such as credit review and risk control, the micro-credit company provides a mode of cooperation in providing micro-credit services to eligible customers in accordance with the law.
It can be seen from this that the cooperative agencies provide customers and preliminary screening for microfinance companies. However, it is still emphasized that risk control is done independently by microfinance companies. To put it bluntly, the loan-assistance company can pull customers over and do the first review. The final risk control credits and loans are still microfinance companies.
From the perspective of financial business, the role played by the loan-assistance company is still the role of "intermediary", and it has no involvement with customers (borrowers) and creditors (small loan companies) in claims.
02 Negative list is very clear, adopt record system
The cooperation between the "lending platform" and microfinance companies adopts an "access system". In other words, not all those who do "helping loans" can cooperate with microfinance companies, and the "Work Guide" also gives a list of "negative".
Microfinance companies should reasonably control the number of cooperative institutions, and must not cooperate with agencies with the following behaviors:
1. Engaging in illegal financial activities in the name of financial technology;
2. The fictitious trading background or loan use, to borrow credit funds;
3. Those who use illegal means to collect loans;
4. Stealing, abusing, illegally buying or selling or revealing customer information in the name of "big data";
5. There are other illegal or illegal business operations.
The "negative list" is relatively clear, but it is worth mentioning that it also includes illegal financial activities in the name of financial technology. Although the central bank just released the fintech planning outline last year, fintech will also usher in new developments this year. However, there are indeed some financial technology companies that carry out illegal financial activities in the name of "financial technology" and "innovation". The reason for including this article in the negative list is also a kind of "warning" against illegal "financial technology".
Secondly, although big data risk control has developed too fast, judging from the risk of the explosion of big data in 2019, there is indeed an illegal stealing of personal privacy, buying and selling data, and even using personal privacy data and financial data as "commodities" for transactions. Illegal behavior. Therefore, this point is also to strengthen the protection of personal privacy, not to give those "illegal big data companies" an opportunity. From the perspective of risk control, big data risk control is indeed a trend, but it cannot be a "hotbed" of crimes.
Therefore, it is mentioned in the "Working Guidelines": Microfinance companies should carefully formulate the access standards for cooperative institutions, review the external reputation, litigation situation, assets situation, senior management personnel ’s experience of the cooperative institution, and the actual controller ’s credit information, etc. To select and cooperate with institutions that have good business scenarios, stable financial conditions, sound internal management, and meet the needs of microfinance companies to serve customer groups and products.
It also emphasized that microfinance companies should strictly prevent credit funds from illegally flowing into the prohibited areas of laws and regulations such as online loan information intermediary platforms, campus loans, stock allocation, and down payment loans.
To put it bluntly, P2P will not work, campus loans will not work, stock allocation and down payment loans will not work. Therefore, it not only regulates the development of loan assistance in terms of qualification, but also blocks the "illegal loan assistance business".
03 "The bottom of the pocket" has two things to say
For the question of whether the loan-assist platform is undertaking, the "Guide to Work" also made relevant explanations: Micro-credit companies shall not provide funds for loans to institutions without loan qualifications in any form, and shall not jointly provide loans with institutions without loan qualification loan. In addition, micro-credit companies shall not accept unsecured cooperative institutions to provide credit services, credit guarantees, etc. in disguise and increase credit services.
First, the issue of loan qualification is emphasized. Microfinance companies, as "licensed finance" companies, are allowed to lend money in their business scope. However, funds cannot be provided to companies that are not qualified for lending. To put it plainly, loan assistance is a channel. You cannot give money to an unqualified loan assistance company and entrust the loan assistance company to lend you money.
Second, you cannot conduct "joint lending" with unqualified lending companies. In fact, the joint lending business is not illegal, but also within the scope of regulatory approval. However, there is no complete guidance for the joint lending business, and there is no complete policy implementation, especially when unqualified lending is "stirred", it is more likely to cause uncertainty in creditor's rights.
Finally, we must not accept the backing of unguaranteed cooperative organizations. Let me tell you the truth. First, many loan companies currently do have "finance guarantee licenses" and are able to provide certain "guarantees." Second, even if the loan-assistance company does not want to guarantee, for the safety of funds, or for post-loan management, many micro-loan companies or financial institutions also require the loan-assistance company to provide guarantee and underpinning.
However, as can be seen from this "Work Guide", it is still hoped that qualified loan-assistance institutions will provide guarantees, at least there is no "prohibition of guarantees". So, whether or not to go under the hood, whether it is subject to the "financial guarantee license" still needs further policy clarification.
Finally, the "Guide to Work" does indeed open the door to the standardization of the loan-assistance industry. Details need to be seen in the operation process to see whether it is effective. Whether it is financial technology or loan assistance, it will surely usher in a clearer development in 2020.
