Hunan banned P2P business of 24 online loan institutions including 58 car loans and spark Wallet

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Original title: Hunan banned P2P business of 24 online loan institutions including 58 car loans and spark Wallet
Source: Daily Economic News
Reporter Xie Jing Editor Liu Ye
On October 16, Hunan local financial regulatory bureau issued a notice to ban P2P business of 24 online loan institutions, including spark wallet, fengtou.com, 58 car loans and Jiurong finance.
The announcement pointed out that according to the requirements of relevant regulatory documents, it was unanimously recognized that the P2P services of 24 online lending institutions included in the list of Hunan’s rectification were not in conformity with relevant regulations, and now they are banned. The reporter noted that previously, in November 2018, in the special rectification of P2P network lending risk, Hunan announced the first batch of banned institutions, including 53 P2P network lending institutions.
Spark wallet, 58 car loan, etc.
The announcement shows that according to the spirit of the relevant documents of the national P2P network loan rectification and the requirements of the work plan for the rectification and acceptance of the special rectification of the P2P network loan risk in Hunan Province and the work plan for the compliance inspection of the P2P network loan institutions in Hunan Province, after the on-site inspection and acceptance of the cities and prefectures, the provincial mutual fund rectification office, the P2P network loan rectification office and other relevant departments will be reviewed by the chamber of Commerce, and it is unanimously recognized that the rectification list of Hunan Province is included in the list. The P2P services of 24 online lending institutions verified by the administration are not in line with the relevant provisions of “one method, three guidelines”, and are now banned.
The reporter saw in the published list that the 24 online loan institutions include: 58 car loan, fengtou.com, Wanli finance, Jiurong finance, Chuangshi intermediary / intermediary loan network, Fafa finance / guojin.com, Shenglong wealth, look at the wallet, xintou.com, Huxiang loan / Huxiang wealth, engineering preferential loan, Xinghuo wallet, construction e-Loan, etc.
In response, Hunan Local Financial Supervision Bureau said that since 2016, the P2P online loan industry in Hunan Province has been undergoing special renovation, and so far no platform has passed the acceptance of full compliance. However, other institutions of P2P business in Hunan Province and other branches of P2P business in Hunan Province are not included in the administrative verification, so the P2P business carried out by them is banned.
Once banned 53 online lending institutions
Reporters noted that Hunan Province had previously banned 53 P2P network lending institutions. On November 7, 2018, Hunan local financial regulatory bureau issued a notice that the list of the first batch of banned institutions for special rectification of P2P network lending risk in Hunan Province has been determined, including 53 P2P network lending institutions. Among them, 45 were banned in Changsha.
The announcement shows that, in accordance with the relevant requirements of the state on the special rectification of Internet financial risks and P2P network loan risks, in order to further promote the special rectification of P2P network loan risks in Hunan Province and complete the stock risk resolution, the provincial P2P network loan rectification office, together with the public security, industry and commerce, people’s Bank of China and other departments jointly study and identify, and report to the leaders of the special rectification of Internet financial risks in Hunan Province. With the approval of the group, 53 P2P like online lending institutions have been banned in the first batch.
In this announcement, Hunan local financial regulatory bureau also reminded the public and investors to establish a correct investment and financing concept, effectively enhance the ability to identify and prevent illegal financial activities, consciously stay away from and resist all kinds of illegal financial activities, and always bear in mind that investment has risks, which should be borne by themselves. When it is found that there are illegal P2P network lending activities, the public should report to the public security organs at all levels and financial supervision and management departments in a timely manner.