Hangzhou P2P Stores Are Now Closed, And Relevant Departments Are Beginning To Investigate.

Internet finance special rectification curtain opened, Hangzhou's first batch of investigation of 125 related enterprises.

From the intersection of Taiping Gate Street and Qiu Tao road in Hangzhou, all the way west to the triumphal intersection. Originally there were six local financial companies, which had large and small shops, with good or bad decoration.

Yesterday, when reporters passed here again, they found that all these stores had changed.

Some of them have been pformed into the offline outlets of the cross-border electricity providers. Some have simply let the stores out and lend to banks for community finance, and others have gone to the restaurant or fruit shop.

Many people lament that Hangzhou's large and small investment and financing companies seem to "disappear" at once.

Insiders admitted that this is closely related to the recent special rectification of Internet Finance in the whole country.

In April 14th, the State Council organized 14 ministries and commissions to convene a meeting, and decided to launch a one year special rectification of Internet Finance nationwide.

The main points of regulation include third party payment, investment and financing under the line, P2P network lending, equity financing, Internet insurance, and real estate financial products such as down payment and loan payment.

Yesterday, reporters learned from the Hangzhou Internet Finance Association stakeholders that Hangzhou's investigation and rectification work in the field of Internet finance has been opened since last week, and the first batch of Internet companies to investigate 125.

District financial offices and related departments have also begun to conduct targeted investigation and rectification.

Since the beginning of this year, a number of third party investment and financial institutions in Hangzhou have closed their business with the agreement.

Near the junction of triumphal road and Qingchun Road, "fortune" opened a luxury store, covering an area of more than 300 square meters.

In the wake of the trust crisis of its parent company's fast deer group, it also closed down quickly, and the property did not know when they would be back.

In a Fortune Management Inc on Taiping Gate Street, the financial management business was placed in a concealed compartment, and the entire store was pformed into one.

Offline shop.

The salesman said that he will do financial management in the future, but now the company has just invested in cross-border projects, focusing on this business.

Another one simply lends the store to the bank for community finance, revealing itself only a brand.

When asked about how the former financial products were not sold, the salesmen also evasive them and gave them only one address.

In December last year, the CBRC issued the "

Interim Measures for the management of business activities of information intermediaries "(Draft for Soliciting Opinions)" require that intermediary agencies of Internet lending information should not carry out business outside the physical location outside the Internet, fixed telephone, mobile phone and other electronic channels except for some necessary operational aspects related to the risk management of credit information collection, post mortgage tracking, mortgage management and other related regulatory provisions.

This provision explicitly prohibits P2P's offline financing, but has also reserved a 18 month pition period for these platforms.

These net loan companies have to find ways to close or integrate offline stores during the pition period.

Recently, the chairman of the pterosaurus loan told a media interview that its platform has 7 outlets under the government, and it has all been closed.

The Czech Republic also said that as of now, it has closed down stores in some three or four line cities, and will gradually close down a second tier city's offline financial stores.

Insiders told reporters that the recent third party financial institutions appeared "closed door tide", as well as the P2P line under the management of financial stores closed business, these are closely related to the recent nationwide opening of the Internet financial field special rectification.

During the period of rectification, all provinces and municipalities across the country will suspend the registration of enterprises with the word "financial" in the name and scope of operation.

The relevant departments in Zhejiang have begun to take action recently, and a list of relevant enterprises that need to be investigated and rectify has been identified.

At the same time, relevant departments in Hangzhou have also begun to investigate and rectify the rectification work.

In early March, the Hangzhou branch of the Jianggan Municipal Public Security Bureau released the official micro-blog. The content showed that in order to curb the trend of high incidence of financial investment and related economic crimes, Jianggan District public security sub Bureau, Jianggan District market supervisory authority and Jianggan District finance office are currently conducting illegal office buildings in Qianjiang new town.

The investigation of enterprises.

Hangzhou Xihu District government recently issued the "Xihu District illegal fund-raising risk investigation special action plan notice", decided to carry out illegal collection of funds in the region risk investigation special action.

The respondents are mainly engaged in the Internet financial platform, such as Internet lending, equity raising, third party payment, fund sales, and so on.

The self regulatory organizations in the Internet financial industry are also in action.

The Zhejiang Internet financial union issued a notice on self inspection and rectification on its official WeChat. It said it would organize relevant parties to carry out self inspection and rectification work, report illegal information in a timely manner, do a good job in risk warning, and establish a long-term reporting system.

Hangzhou Internet Finance Association said that from last week, Hangzhou's investigation and rectification work in the field of Internet finance has been opened, and the first batch of Internet companies to conduct investigation has 125.

After the end, we will thoroughly investigate other related enterprises or financial companies.

At the end of last year, e rented, big group, and Zhongjin financial management were investigated by the public security authorities for suspected illegal fund-raising. At the beginning of this year, Jinlu financial bank and Wang Chau fortune suffered a cash crisis due to problems arising from the company's capital chain.

The successive outbreak of Fortune Management Inc's risk events undoubtedly indicates that the emerging industry of Internet finance is encountering unprecedented trust crisis and industry crisis.

According to the data from the third party P2P research and consulting platform net loan home, by the end of 2015, the nationwide network loan industry operation platform was 2595, 1020 more than the end of last year.

But the problem also began to be exposed rapidly. In one year, 896 net loan companies went bankrupt or rolled away, which was more than 3 times the previous year.

An industry insider admitted that at present, the Internet financial companies all over the world have been divided, and a good platform has been left.

Zhang Jun, CEO, said that this year the net loan industry will enter a very significant period of shuffling. Compliance development will be the theme throughout 2016.

The industry will face changes from no threshold to regulatory requirements and compliance requirements. The platform with no corresponding capability will withdraw from the market. Now many enterprises have been pforming into Inclusive Finance and consumer finance.