According to the latest news from the official website of the People’s Government of Dongcheng District, Beijing, in response to the complaints from the lenders of love money in the interactive communication section, the Financial Work Coordination Section of Beijing Dongcheng District Financial Services Office informed the complainant in its reply on September 23 that he currently loves money The platform has been filed and investigated by Dongcheng District Public Security Bureau, and the complainant can report to the public security department with relevant evidence materials.
Regarding the issue of the love money cannot be paid back, the platform will be urged to actively communicate with the complainant and negotiate a solution. If the lawful rights and interests are damaged, the complainant should resolve it through the judicial department in time.
Public data shows that Aiqianjin went online on May 6, 2014. At the beginning of its establishment, it received 50 million US dollars in Series A financing from Gaorong Capital, creating the highest amount of financing for a single institution in the domestic P2P industry. And under the development trend of mutual finance, the scale of business has grown rapidly. Its parent company, Fanpujinke Enterprise Development (Shanghai) Co., Ltd. (hereinafter referred to as "Fanpujinke"), reported that it went public in Hong Kong in 2018.
At that time, Fanpujinke developed rapidly. The prospectus showed that as of the end of 2017, the company's 900,000 borrowers had matched loans of 51 billion yuan. According to the outstanding balance of matched loans, it ranks fourth in the market with a market share of 2.6%; and the transaction volume ranks third with a share of 2.4%.
However, on November 1 of the same year, the official disclosure of the Hong Kong Stock Exchange showed that Fanpujinke’s listing application was “invalid”.
The collapse occurred in August 2019. The first branch of Fanpujinke Hefei was inspected by the local police due to post-loan collection issues. In September, the company changed its business registration and its name was changed to Shanghai Rongshu Network Technology Co., Ltd. . Zhang Fan, Yang Fan, and Zhang Hui withdrew from the board of directors, leaving only Dong Qi.
In January this year, some media reported that Aiqianjin had been filed for the crime of illegally absorbing public deposits by the Beijing Dongcheng District Public Security Economic Investigation Department for allegedly raising funds. But the news was immediately denied by Yang Fan, President of Aiqianjin, saying that he had not received written notices and investigation notices from Beijing Dongcheng District Financial Office and Beijing Dongcheng District Economic Investigation Department.
In July of this year, the news of the case opened again. The former spokespersons of "Love Money Jin" Wang Han and Liu Guoliang once rushed to the hot search list of Weibo. For this, they both apologized in public. Wang Han issued an announcement on the second day that he had spoken for the "Love Money" APP from 2016 to 2018. After learning that the product was slow to redeem, he had contacted the platform many times to urge everyone to solve the problem as soon as possible. After that, I will actively follow up the matter with the lawyer team and face it together, and will also communicate closely with the platform and relevant departments, and do my best to properly resolve the matter.
今年7月，此案的消息再次公开。 “爱钱金”的前代言人汪涵，刘国良曾一度冲上微博的热门搜索名单。为此，他们俩都向公众道歉。 Wang Han在第二天发布了一条公告，称他曾在2016年至2018年期间为“ Love Money” APP发言。在得知该产品赎回速度很慢之后，他多次与该平台联系，敦促所有人解决该问题。尽快。之后，我将与律师团队积极跟进并共同面对，并与平台和相关部门紧密沟通，并尽力妥善解决此问题。
Ai Qianjin, who is in the whirlpool of public opinion, also stated on the official Weibo, “The company is still operating normally; we have not received any information about the registration of the case, please do not believe the rumors.” He also said that it was due to the borrower’s repayment. Both willingness and ability have declined, borrowers have overdue repayments, and because the transfer of creditor's rights is affected by the market environment, market activity is low and the waiting time for transfer is longer.
As of August 31, 2020, according to the official website of Aiqianjin, the balance principal of the loan is about 19.709 billion yuan, and the current number of lenders is about 324,000. At present, the amount overdue for more than 90 days is 7.939 billion yuan, and the number of overdue transactions is 425,400. The amount overdue rate is 37.38%, and the project overdue rate is 27.02%.
In addition, on the Black Cat Complaint Platform, the number of complaints involving Aiqianjin has exceeded 6,000. The main contents of the complaints include non-payment of loaned funds, failure to cash out wealth management products, investors being forced to sell at a discount, malicious discounting of claims, The loan cannot be cashed at maturity, the actual loan amount does not match the agreed amount, and high service fees and interest are charged.
Currently, online lending is completely withdrawing from the stage of history. Feng Yan, deputy director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission, revealed at the briefing on September 15 that as of the end of August 2020, there were 15 online lending institutions operating across the country, a decrease of 99% from the beginning of 2019; the balance of loans dropped by 84% ; Lenders fell by 88%; borrowers fell by 73%.
But according to the interface news, there are still very few platforms that can really achieve a benign exit. In the process of exiting many online lending institutions, there have been cases of failure to redeem or discount redemption.
The situation of love money is particularly representative. In April this year, Aiqianjin APP launched the debt-switching mall "Tiantian Mall", which was questioned by the lender that "the goods on the shelves are more than 3-7 times higher than the actual price, which is a disguised harvest lender.
In September this year, even more lenders reported that they love money into the emergency creditor's rights transfer channel. The transfer discount has been reduced to 10% (10%), setting a new low for the debt-to-debt swap discount on the online loan platform.
The news of the case initiation was officially confirmed, which will undoubtedly increase the lenders’ hope of collecting money. Some lenders spread the good news of the case in the forum. However, the loan collection process and the payment plan after the filing of the case are still the most concerned issues for lenders. More lenders are still waiting and watching, and the news of case filing is still not good news for them.