Personal no mortgage can borrow 5 times times wages, Beijing-Tianjin-Shanghai Rong four city set up consumer finance company

Under the policy thinking of "stimulating domestic demand", the CBRC has a heavy punch after the microfinance company's policy.　　May 12, China Banking Regulatory Commission announced the "Consumer finance company pilot Management measures (draft)" (hereinafter referred to as the "pilot Scheme") open for comments, and decided one months later in Beijing, Shanghai, Chengdu and Tianjin four consumer finance company pilot work, accept the start-up company application, supervision by the non-Bank Supervision department is responsible.　　This means that the consumer finance company, which was born in the West more than 400 years ago, is carrying the dual mission of "financial innovation" and "stimulating domestic demand" to come to China formally.　　Aim at the low end of personal customer Consumer financial company refers to the Banking Regulatory Commission approved, established in the territory, does not absorb public deposits, to small, decentralized as the principle of the domestic residents to provide consumption for the purpose of the loan Non-bank financial institutions. The pilot scheme states that consumer finance companies mainly deal with personal consumer durables loans and general purpose personal consumption loans.　　The former refers to the purchase of the agreed household appliances, consumer durables (excluding homes and cars), which are used by consumers and financial firms to lend to borrowers indirectly through their distributors, and those that refer to consumer matters such as personal and family travel, weddings, education and decoration, are issued directly to borrowers by consumer finance companies. "This management approach is enacted to expand consumption." "Professional consumer finance companies can provide consumers with more specialized and personalized consumer products," Guo Tianyong, director of the Central Banking Research Center, told the financial weekly.　　"The pilot approach" revealed that the consumer finance company's target customers are stable income of middle and low-end personal customers, including young people, young families, or need to household appliances, electronic products and other consumer goods to upgrade the family. According to the CBRC's definition, the biggest feature of consumer finance companies is small, short-term, unsecured and unsecured.　　"Ma Guangyuan, Ph. D. of the Government policy Department of the Chinese Academy of Social Sciences.　　According to the pilot scheme, the balance of the consumer finance company's issuance of consumer loans to individuals shall not exceed 5 times times the monthly income of the borrower, and the loan interest rate shall not exceed 4 times times the benchmark rate.　　Excluding mortgages and car loans it is worth mentioning that the loans offered by consumer finance companies do not include real estate and car loans, which occupy a large proportion of current domestic consumer credit. "This is to support the auto market and the housing industry outside the consumer sector." Guo Tianyong said, "The house and the car may not be affordable for everyone, but consumer durables such as home appliances, decoration, marriage, tourism and other personal consumption has covered almost all the people." He also said that more close to ordinary consumers of consumer finance company loans will also reflect the "Chanping" characteristics, "the current mortgage scale of more than 3 trillion yuan, consumer finance, such as to reach 10% of the mortgage, can form 300 billion yuan ~4000 billion of the total, the role of expanding domestic demand is obvious." "At present, there are few types of financial institutions engaged in consumer credit services in China, only commercial banks and auto finance companies have two kinds of institutions, consumption loans account for loanThe proportion of total is less than 12%, and mainly in housing mortgage loans, car loans and credit card business.　　An insider in a Chinese bank said in a media interview that such a ratio outlines the "blind spot" of the banking business, setting the main business space for consumer finance companies, "their presence compensates for market gaps and complements the business of commercial banks".　　The feasibility is debatable. Although it looks beautiful, its operational difficulties and risks raise a lot of questions. If a consumer financial company is required to operate without guarantee and without collateral, the technology of financial risk control requires a sufficiently perfect system of individual user credit, and we should perfect it as soon as possible.　　"Gao Weikai, a researcher at the Institute of Financial and Trade economics at Cass. Gao Weikai from two aspects. On the one hand, the government should unify the planning and guide the construction of credit system. The construction of credit system in our country achieves the goal of high starting point, fast pace, comprehensive, accurate and fast, on the other hand, the market operation is carried out. In the United States, the commercial credit company based on the Social trust management is widely used, all over the United States, individual credit companies, accounting companies to provide the community, including credit investigation, credit rating, credit consulting and business account recovery, such as paid services.　　"The biggest comparative advantage of consumer finance companies is fast and unsecured, but it is the Achilles heel," Ma Guangyuan in his article. "A spokesman for the CBRC said," After a consumer finance company has reached a certain trust with consumers, the fastest half hour, one hours, loan approval can be completed ', the crux of the problem is that in China's credit system incomplete, consumer finance companies and consumers to achieve a certain trust relationship is not easy? Ma Guangyuan said, "either the investigation of a person's credit record can not be quick, or do a quick but may face the customer's credit risk." This is clearly a prisoner's dilemma, without quick and unsecured, equal to the lack of its own unique competitiveness. What if the client doesn't pay back the money? "In the relevant survey conducted by a large domestic portal site, as of 10 o'clock on the night of May 14, of the 1311 respondents, 1134 said that" consumer finance companies will not start consumption "on the grounds that" there is no fear of consumption under the uncertainty of income ", and only 177 respondents gave a positive response to their role.