Analysis of the latest interim management measures of the China Banking and Insurance Regulatory Commission

11month2Japan, People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and the State Councilforeign exchangeThe management bureau conducted regulatory interviews with the actual controller of Ant Group, Jack Ma, Chairman Jing Xiandong, and President Hu Xiaoming.

For details, please refer to the report on Private Placement Network

Just after being interviewed, the China Banking and Insurance Regulatory Commission issued the "Interim Measures for the Management of Online Small Loan Business (Draft for Soliciting Opinions)"



There are several points worth paying attention to in the new regulations:
1）It is stipulated that online personal loans shall not be used for real estate speculation or debt repayment.
2）It is stipulated that online loans must be linked to personal income (not exceeding one-third of the total income of an individual in the first three years).
The above two points have made clear provisions for the risk of individuals using loans to support loans and unlimited leverage.
3）Regulations: In a single joint loan, the contribution ratio of a small loan company operating online small loan business shall not be less than30%； This is very important.

Before Ant Small Loan, the loan had its own principal of only2%Left and right, which means that Ant Small Loan can use on balance sheet funds360Yili Drive1.8A trillion yuan loan. That's to say, Ant Small Loan has only been issued360As the inferior, the remaining1.764Trillion yuan is invested by banks or other institutions, and in interest income, Ant Small Loan can obtain1.8The interest margin and management fee charged by trillion yuan, which is the difference between the interest on wealth management and the interest on Ant Small Loan (estimated to be annualized)5%Above).

according to5%Calculate the annual interest difference as1.8Trillions of5%That is to say900100 million, principal360100 million yuan loan, annual gross profit900One billion. But this risk is very high because it's50Double the leverage.

Therefore, the new regulations require that there must be30%Our own funds. such360Yiyi can only drive1200A total loan amount of one billion yuan, meeting international standards for self owned funds25%Left and right safety lines. But since then, the interest difference will become annual60One billion.

The above is the core content of the new regulatory regulations.

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