The CBRC proposed a Peer-to-peer entry threshold of 30 million yuan, the leverage limit industry rebound larger

The CBRC is stricter on peer-to-peer regulations than the industry has expected. Yesterday, the South reporters from a number of people familiar with the knowledge, the first in Wednesday, the CBRC's financial department in Beijing, Shanghai, Guangdong, Zhejiang and other peer-to-peer major areas of the provincial financial offices, trade associations held a closed-door meeting on Peer-to-peer regulation discussions.

A person familiar with the matter told reporters: "The Department of Finance and Industry has produced a more complete peer-to-peer regulatory document." "According to its disclosure, the document for Peer-to-peer supervision has formed specific provisions, not only with the market expectations of the regulation of Peer-to-peer proposed tens other registered capital threshold restrictions, more than expected requirements ——— meeting to put forward to Peer-to-peer must be leveraged management. "The 10 times-fold lever raised or referenced by the guarantee." People familiar with the matter said.

"The impact on Peer-to-peer is very high if the current regulatory rules are advanced," he said. "A Peer-to-peer company, after seeing the rules, said the regulatory approach actually referred to the way banks are regulated, too draconian for peer-to-peer regulation."

The CBRC set a Peer-to-peer entry threshold of 30 million yuan

Peer-to-peer regulations have been the focus of the market hot debate during the two sessions, and last week at the 12 National People's Congress of the three meetings of the press conference, central bank governor Zhou Xiaochuan also said that Peer-to-peer network loans more problems, such as running, default and some of the practice is not in line with the rules. The market expects Peer-to-peer regulations to be unveiled soon.

South all reporters yesterday, the exclusive learned that in Wednesday, the CBRC financial department in Beijing, Shanghai, Guangdong, Zhejiang and other peer-to-peer major areas of the provincial financial offices, trade associations held a closed-door meeting on Peer-to-peer regulation discussions. "A complete regulatory document has been placed before the participants." "People familiar with the situation told reporters, because the documents are more complete, the first half is expected to launch a greater likelihood." According to its disclosure, at the end of last year, Peer-to-peer platform risk events accelerated the outbreak, in particular, some of the larger platform also exposed problems, to some extent, accelerated the CBRC issued regulatory rules of the time.

It is reported that prior to this, supervision has been on different occasions to disclose the idea of peer-to-peer supervision. If we must make clear the nature of the end, not to set up a pool of funds, must have a certain technical capacity, clear financial constraints and strengthen information disclosure. One person close to the regulator told reporters in the south that "relative to previous principles, the provisions are more specific and more demanding than market expectations." People familiar with the situation said that, in the case of peer-to-peer regulatory thresholds, the entry threshold was 3 registered capital of 30 million yuan. In senior management, it is required that the platform executives must have banking or related financial experience. In addition, the requirements of Peer-to-peer platform in the technical compliance with certain standards.

Similar to the way banks are regulated

In addition to the above details, people familiar with the south, said the meeting, the CBRC will adopt a more high standard of peer-to-peer regulation also reflected in the Peer-to-peer will be taken to leverage limit management. "The provision is only to write out the requirement of leverage on peer-to-peer, without specifying how many times the specific leverage is." One close to the regulator said to reporters at the south, but there were regulators on the day to refer to the current guarantee of 10 times times the leverage limit.

In addition to leverage constraints, regulatory provisions also make certain requirements for individual borrowers and individual investors to borrow and invest in a single platform. "The idea of management is similar to the supervision of banks. People familiar with the matter said that the platform was also required to disclose details of specific transactions to regulators on a regular basis.

It is reported that, due to the day, in addition to the Banking Regulatory Commission, mainly for several provincial financial offices and associations in charge, the participation of the enterprises are very few. "Everyone's view is different. A person familiar with the details of the day's meeting in east China told reporters that all over the financial office for Peer-to-peer Strict management more agree, but the association representatives of the business side is larger. If the 30 million-yuan access to registered capital requirements, the day to participate in the meeting of those who think too high, the site proposed to reduce the hope of about 10 million yuan.

The present provisions are not necessarily the final regulatory scheme. People familiar with the situation said many platforms responded to the CBRC's latest regulatory moves, particularly with regard to leverage constraints, and they were communicating through various means and regulations.

South All reporter statistics, if according to the current discussion of 10 times times leverage limit, the current scale of the platform is almost not in line with the regulations. According to the data of yesterday's net loan home, the registered capital of Lu Jin is 836 million yuan, its accumulative amount is 11.125 billion yuan, the amount to be collected is 13.3 times times of the registered capital. The biggest difference is the Red Ridge venture, its registered capital of 50 million yuan, but its pending amount reached 11.807 billion yuan, a multiple of nearly 236 times times.

Leverage limits industry rebound bigger

It is reported that in the regulation of Peer-to-peer regulations, the industry has been strict or lenient controversy. "Too strict, tied the industry's development possibilities, not too in line with the Internet's regulatory thinking." "But it's too wide for regulators to worry about," said a head of the Guangzhou Network loan platform.

Wang Jingwu, president of the Bank of Guangzhou, said in an interview with reporters in the South recently, the regulatory framework design, to scientifically define business boundaries and access conditions, the implementation of the Division of labor and Responsibility of the regulatory departments to prevent regulatory arbitrage. Mr Zhou also said at a press conference that Peer-to-peer regulation should prevent moral hazard.

Guangzhou local platform Ppmoney co-founder Hu yesterday in an interview with South reporters that, from the government's work report, the government's Internet finance over the past year's development is positive affirmation. "Specific regulatory authorities must maintain consistency with the central authorities in setting regulatory rules and should have a certain degree of innovation tolerance for peer-to-peer development," he said. "Hu that, for peer-to-peer supervision of the establishment of access threshold is necessary and reasonable, but in the regulatory thinking, should distinguish between the network loan platform and banks and other financial institutions, should not take the lever management approach." At the same time, in the regulatory system, should conform to the current development trend of internet finance, allowing the platform for mixed operation, the implementation of dynamic supervision.

Hu that in the supervision, the platform should be required to establish a risk control system. "At present, some platforms are mainly to do flow, the scale is very large, but wind control is almost missing." He believes that this should be further emphasized in regulation. On the sharing of credit data, he hoped that the CBRC's regulatory rules would allow the platform to pull data from the central bank's credit system, while the platform's data could be entered into the platform's central bank credit system, raising the borrower's default costs.

Reporter: Ying intern Liu Yi