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Shareholders of the P2P platform said that the shareholding bank is really a shareholder, and the traffic is still thighing?
In the whirlpool of the P2P industry, another online lending platform tried to acquire a bank.
On August 7, the P2P platform in Beijing, “Wukong Wealth Management” released a message that its parent company, Haofu Group, had already invested in Hubei Ezhou Rural Commercial Bank. This was not only approved by the local banking regulatory branch, but also the bank’s clearing center has been Fu Group issued a share certificate. However, it did not disclose the shareholding ratio.
However, the 21st Century Business Herald reporter learned from the Hubei Ezhou Banking Supervision Bureau that the company has transferred 2.22% of the shares from a company shareholder of Ezhou Rural Commercial Bank, due to the fact that it has not reached 5%. The share transfer behavior only needs to be reported to the banking regulatory department, and does not require the administrative approval of the banking supervision department.
According to the “Implementation Measures for Administrative Licensing Matters of Rural Small and Medium-sized Financial Institutions” issued by the China Banking Regulatory Commission, a single shareholder (member) holding more than 1% of the total share capital and less than 5% of the share capital shall be reported by the legal person institution to the banking regulatory bureau or the banking regulatory bureau of the city where it is located; The application for change of a single shareholder (member) with a total amount of 5% or more and 10% or less shall be accepted, reviewed and decided by the banking regulatory bureau or the banking regulatory bureau of the city where it is located.
Although the shareholding ratio is low, there is no need for regulatory approval. However, P2P is still in the waiting period for filing, and its own compliance has not been verified by the regulatory authorities. At this time, it is a shortcut to become a financial license holder.
A P2P shareholding plan was rejected
However, the reality is not always as desired. The 21st Century Business Herald reporter has learned that there is already a precedent that is not feasible: a P2P platform previously listed as a commercial bank has declared bankruptcy.
In April 2017, Zhejiang P2P platform micro-loan network subscribed for 140 million shares of Yangquan City Commercial Bank Co., Ltd. (hereinafter referred to as “Yangquan Bank”) in Shanxi Province. The price per share was 2 yuan, and the shareholding ratio was 9.76%. The shareholding will be the largest shareholder. In addition, in January last year, Guangdong P2P platform group loan network plans to invest in Yanbian Rural Commercial Bank, accounting for 7.92% of the total share capital.
The 21st Century Business Herald reporter learned that in the above two cases, one of the shares has been planned to abort. The P2P company’s executives told 21st Century Economic Reporter that the original shareholding of the bank did not exceed 10%, which did not require the approval of the original CBRC. However, due to a opposition from the former CBRC, the supervision conducted a window guidance on the matter. , ordered P2P company to withdraw shares, the withdrawal process has been completed in the first half of this year.
"It was the investment in the province where the bank was located in the previous year. We found the shareholding agreement, and we also obtained the approval letter from the banking regulatory bureau of the province. The change in the industrial and commercial registration equity was also completed, and finally it was yellow. Said the above executives.
The reason given by the former CBRC was mainly that the P2P company had not yet filed a record and temporarily did not approve its shareholding in commercial banks.
The P2P network loan filing work originally scheduled to be completed in June this year has been postponed. At the Lujiazui Forum in June, Li Junfeng, director of the Yinhui Financial Department of the China Insurance Regulatory Commission, said that the P2P online loan registration could not be completed this year.
Small bank's financial technology appeal
Why do small and medium-sized banks choose the P2P platform that has not yet completed the filing as a shareholder, thus allowing the latter to “reversely attack”?
Xue Hongyan, director of the Internet Finance Center of Suning Financial Research Institute, told reporters of the 21st Century Business Herald that in the tide of financial technology, local small banks are faced with many constraints such as talents, technology, and capital. They have great transformation pressure and objectively introduce energy. Under the supervision requirements of “one control and two participations”, the number of banking institutions that financial technology giants can participate in is limited, and they prefer to choose large and medium-sized banks. Finally, small banks use P2P platforms as potential. It is not surprising that the shareholders are selected.
On the other hand, Xue Hongyan said that some P2P platforms have accumulated in terms of traffic, technology, and Internet operations. In the context of strong supervision, the space for cooperation with traditional financial institutions is growing, and they are tied to shareholdings. There is also a strong demand for long-term relationships with cooperative banks and for the sharing of benefits.
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