China Internet Finance Association (hereinafter referred to as the "association") released data today, showing that 102 member institutions disclosed August operating information on the registration and disclosure platform, including a total of 641.2 billion yuan in loans, a total of 3779.6 billion yuan in transactions. As of October 25th, a total of 32 commercial banks were assessed through depository management.
It is understood that a few days ago, the association in accordance with the requirements of self-discipline management of online lending member institutions, announced in August 2008 online lending member institutions in the registration and disclosure platform to disclose information. According to the circular, 102 member institutions disclosed their operation information in August 2008 on the registration and disclosure platform. The total loan balance amounted to 641.2 billion yuan, the total transaction value was 3779.6 billion yuan, the total number of service lenders was 37.11 million, and the total number of service borrowers was 95.44 million.
In addition, according to the principle of "qualified one, disclosed one", the association organizes commercial banks to disclose the storage and evaluation information on the registration and disclosure platform in an orderly manner. As of October 25th, a total of 32 commercial banks were assessed through depository management. At the same time, the association has organized 11 banks such as China Construction Bank, China Merchants Bank and China Bank to disclose their deposit and management network lending platform information, involving 105 lending institutions. Among them, 80 full-volume online institutions and 25 non-full-volume online institutions have signed contracts, thus realizing the disclosure information comparison between depository banks and online lending institutions, which is helpful to prevent false publicity and false disclosure of online lending institutions.
At the same time, in accordance with the State Council's Internet Financial Risk Management Plan, the Association has formulated and promulgated the "Internet Finance Individual Network Loan and Loan Contract Elements" (T/NIFA 5-2017) standard in the previous period, to speed up the work related to product registration, and to use the registration and disclosure platform to register access agencies one by one. The loan contract provides the basis for the supervision department to carry out the penetrating supervision. By the end of September 2008, 86 institutions had entered the registration and disclosure platform, 20 more than at the end of August; 10.596 million registered contracts, 11.65 million more than at the end of August, an increase of 12%; the amount involved was 12.57 billion yuan, an increase of 9.7 billion yuan, an increase of 8%; the number of borrowers involved was 4.19 million, an increase of 590,000 compared with the end of August. The growth rate is 16%.
China Internet Finance Association said that the next step will accelerate the construction of registration and disclosure platform, continue to optimize the various functional modules, to enhance the transparency of information disclosure in the lending industry, the formation of a long-term monitoring and management mechanism to make a positive contribution.
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