51 If the credit card is checked, where will other similar business platforms go?

May 1st Credit Card Company was investigated. At first, many similar business platforms were in a wait-and-see state. Now they are quitting the industry one by one, because they are all worried about getting burned. After all, things like illegal collection exist in many business platforms and financial companies, so many of them have chosen to quit before this fire burns on their heads.

Both Internet finance and financial technology are risky. The May 1 credit card was investigated for this violent collection. Many police cars and 3 policemen were parked downstairs of the 51 credit card. According to the investigation, they entrusted the outsourcing company to collect money. However, the outsourcing company pretended to be a state organ, intimidating and harassing the repayers to collect debts. Now they are suspected of picking fights and provoking troubles. After this situation, they have been suspected of provoking troubles.

At present, there are many problems in many online lending companies, such as false propaganda, illegal fund-raising, or violent collection, data abuse, etc. Now that the May Day credit card has been investigated, from the consumer's point of view, consumers' rights and interests must be protected first. Many companies that have illegally obtained personal data are gradually withdrawing from this industry, and some core institutions that lack core resources are also withdrawing from this industry one after another.

The withdrawal of these companies has made the financial industry survive the fittest and the environment has been purified. In the medium and long term, because the awareness of data privacy protection is irreversible, the difficulty and threshold of data acquisition have increased, which will gradually enhance the voice of data parties in the financial industry chain.

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51 The credit card was investigated. Why is it said that it was caused by online lending?

Because 51 personal loans are online loan products, it is precisely because of this that this kind of credit card has been investigated. I don't know if you have paid attention to the news in the last two days. According to authoritative media reports, the only credit card that has been listed before was suddenly checked by the government, and it was affected. The stock price has plummeted by about 3%. Many people around me hold May Day credit cards. This credit card is actually quite convenient. Why was the company suddenly investigated?

In fact, in the final analysis, it is because of online loans. Although the May Day credit card has solved many problems, for example, it is convenient for credit card holders to manage multiple credit cards separately, to be honest, 51 personal loans do belong to online loan products. 51 Credit card is not just a product of May 1st housekeeper. If you browse this APP frequently, you will know that there are footprints and personal loans. The so-called personal loans are actually the same as other online loans. Now the country is very strict about this kind of online loan, so it is no wonder that we will suddenly check this 51 credit card.

In the past, 51 credit cards attracted a lot of people's attention. People who have already worked in the society should know that it is very difficult to apply for credit cards of the four major banks, and it is necessary to check a lot of credit information and other businesses. Moreover, the amount of credit cards after opening is very low, but everyone wants to have credit cards of the four major banks. If you are short of money recently, you will apply for another credit card. The 51 credit card is very simple when applying, but if you use a personal loan, you will know that this thing is the same as an online loan.

if this credit card does not involve online loans, it will certainly not bring potential harm to consumers, and this situation will not occur today.

the market value of 51 credit card was halved the next day after the skyrocketing: CEO's coaching change will face two major challenges

Financial Tiger News reported on February 24 that today, the share price of 51 credit card on the Hong Kong Stock Exchange dropped by 54%, and its market value dropped from HK$ 4 billion closed yesterday to HK$ 1.9 billion, which was again halved. Behind the sharp rise and fall, a major personnel change recently announced by 51 Credit Card, which was once questioned by violent collection, difficult to clear P2P and sluggish growth, became the main motivation for its share price "roller coaster". Previously, the share price of 51 Credit Card was below HK$ 1 for a long time. On the evening of February 19th, Sun Haitao, founder and CEO of 51 Credit Card Announcement, officially resigned as the chief executive officer, retaining the positions of chairman and executive director of the board of directors; Zheng Haiguo served as executive director and chief executive officer, and Yu Jin was appointed as a non-executive director.

Zheng Haiguo took over as CEO for three years: the banking department has a deep background

Sun Haitao (data map)

51 The board of directors of Credit Card believes that the above arrangement will enable the company to introduce more professionals, fine division of labor and management, and lay a more solid foundation for long-term business development. At the same time, by distinguishing the roles of the chairman of the board of directors and the chief executive officer, the company not only meets the requirements of the corporate governance code set out in Appendix 14 of the Listing Rules, but also effectively improves the corporate governance level of the company. Sun Haitao has confirmed to the Board of Directors that he has no disagreement with the Board of Directors. The board of directors thanked him for his contribution to the company during his tenure as CEO, and welcomed Zheng Haiguo and Yu Jin to their new posts.

According to reports, 48-year-old Zheng Haiguo has been engaged in banking information technology and internet finance business for a long time, and has a long experience as a bank president. He has a deep understanding and rich practical experience in the integration of information technology such as finance and the Internet. At the same time, he is the vice president of Zhongcai Netcom Holdings Limited (GEM listed on the Stock Exchange: 871), a subsidiary of 51 Credit Card.

According to his resume, from August 1994 to January 221, Zheng Haiguo held several positions in China Agricultural Bank Co., Ltd. Since August 1994, he has served as deputy section chief, section chief, deputy general manager, deputy general manager of software department of Science and Technology Information Department, electronic banking department and information technology management department of Agricultural Bank of China Zhejiang Branch. Since March 211, he has served as Party Secretary and President of Hangzhou Bao _ Sub-branch of Agricultural Bank of China; And from June 215 to January 221, he served as deputy general manager, general manager and general manager of e-banking department of Zhejiang Branch of Agricultural Bank of China.

Zheng Haiguo (data map)

Zheng Haiguo obtained a bachelor's degree in applied electronic technology from Zhejiang University of Technology in China in July 1994, and completed the postgraduate course in economics from Zhejiang University in China in July 21. He also holds the qualification of senior economist.

It is disclosed that Zheng Haiguo has entered into a three-year service agreement with 51 Credit Card, which can be terminated by either party giving a written notice of not less than one month in advance. According to the service agreement, he is entitled to an annual director's fee of RMB 1.1 million as the executive director and chief executive officer.

6-year-old Yu Jin held several positions from April 2 to September 218, including Deputy General Manager of Personnel Department of Agricultural Bank of China, General Manager of Electronic Banking Department, Director of Science and Technology and Products Administration Bureau and Chairman of Agricultural Bank of China Huili Fund Management Co., Ltd. Yu Jin has been a director of Beijing Runbo Internet Digital Technology Co., Ltd. since March 219. He obtained a bachelor's degree in engineering from Renmin University of China in July 1983 and a master's degree in finance from Nanjing Agricultural University in China in July 1999. He also holds the qualification of senior economist.

At present, there are 8 members of the Board of Directors of 51 Credit Card, among whom Chairman Sun Haitao, new CEO Zheng Haiguo and CFO Zhao Ke are executive directors, Zou Yunli and Yu Jin are non-executive directors, and Wang Di, Xiang Ye and Xu Xuchu are independent non-executive directors.

After the skyrocketing, the market value was cut in half: it was investigated for profiteering

According to the financial tiger, due to yesterday's skyrocketing, the share price of 51 Credit Card on the Hong Kong Stock Exchange has increased by nearly 198% this year. In 218, 219 and 22, the share price of 51 credit cards dropped by 28.88%, 66.2% and 67.81% respectively. Looking back at the beginning, on July 13, 218, 51 credit cards were listed on the main board of Hong Kong. On the first day of listing, it rose by 3.65% compared with the issue price of HK$ 8.5, and its market value reached HK$ 1.458 billion. At that time, Sun Haitao lamented in his speech: "The stock code we got was 251. I hope I can work hard for this company until 251, when I was 71 years old." .

Times have changed, from the market value of 1 billion to less than 2% at the beginning of listing. After more than two years, Sun Haitao, the founder, finally stepped down as CEO. It is also worth mentioning that at the end of July last year, Yang Yuzhi, co-founder of 51 Credit Card, also resigned as executive director and all other positions held by the company. During this period, the sluggish growth of 51 credit cards is also closely related to the vigorous rectification of its P2P and consumer credit industries.

According to the information, 51 Credit Card was established in August 212, which is the first and largest online credit card management platform in China and belongs to Hangzhou Enniu Network Technology Co., Ltd. Started from the forum of credit card users, it focuses on the credit card bill management software "51 Credit Card Manager", which greatly meets the needs of users, especially multi-card users, to manage their own liabilities. Since then, products such as "51 Personality", "51 Personality Loan" and "Give You Flowers" have been launched, covering personal credit management services, credit card technology services, online credit matching and investment services. Up to now, 51 Credit Card has provided users with one-stop personal financial services covering personal credit management services, credit card technology services, online loan matching and investment services. It has a variety of apps such as "51 Credit Card Manager" and activated more than 1 million users.

However, in October 219, 51 Credit Card was pushed to the forefront due to the investigation, and it was also questioned. According to the report of Hangzhou police at that time, on October 21 of the same year, an investigation was carried out on the criminal acts of entrusting an outsourcing collection company by 51 Credit Card Co., Ltd. for allegedly causing troubles. After preliminary investigation, it was found that "51 Credit Card" entrusted an outsourcing collection company to pretend to be a state organ, and used soft and violent means such as intimidation and harassment to collect debts, which was suspected of causing trouble and other crimes.

At that time, Sun Haitao, the founder of 51 Credit Card, made a speech on the personal Weibo about the investigation of 51 Credit Card, apologizing for the company's cooperation in the investigation, the imperfect management and the concerns of employees and their families. He also said that due to imperfect management, especially insufficient training and supervision of cooperative companies, some excessive behaviors occurred in the process of contacting and communicating with borrowers, which caused harm to individual borrowers. I am very sorry for this. We will strictly follow the operating rules of listed companies, further implement various risk control measures, put an end to all irregular third-party cooperation, and ensure benign communication and cooperation with various partners. At the same time, give priority to ensuring that all lenders are paid as scheduled according to the contract.

on August 31st last year, in response to the 121 incident, 51 Credit Card pointed out in the semi-annual report that the management was not aware of any illegal acts related to debt collection intentionally or intentionally implemented or instructed by the Group, so the management thought that the Group was unlikely to be punished for this specific crime. However, on the date of the announcement, it is uncertain whether the investigation related to the 121 incident has been completed; Whether the Group or any employee (including senior management) will be convicted and liable for any legal consequences arising from the investigation of the 121 incident; And whether the relevant departments will conduct further investigations. Credit card will continue to follow up the development related to the 121 incident.

claiming to have completed the P2P cancellation: there are still lenders complaining about the "interest-free" payment

After the violent collection investigation storm, influenced by the supervision and vigorous efforts to rectify P2P, 51 Credit Card immediately ushered in a comprehensive cancellation of its P2P business in 22. On March 3, 22, 51 Credit Card Announcement revealed that on December 31, 219, the balance of P2P online lending business had dropped from about RMB 13.24 billion on December 31, 218 to about RMB 5.63 billion, and further dropped to about RMB 3.5 billion on February 29, 22. At that time, Credit Card also stressed that it was actively exploring ways to apply for the Internet small loan license mentioned in Guiding Opinions on the Transformation of Information Intermediaries into Companies in peer-to-peer lending, so as to fully complete the transformation and retirement of P2P business. Credit cards are expected to provide support for the long-term sustainable development of credit matching business based on the new opportunities brought by the small loan license on the Internet and the cooperation with other financial institutions after the transformation.

In September last year, 51 Credit Card announced again that as of August 31st last year, the P2P business had been retired. Credit card has pointed out that before June 3, 22, the Group has settled all the remaining outstanding loans of individual investors by paying about RMB 625 million in cash to individual investors or transferring them to a third party.

However, in the process of unilaterally announcing the completion of the P2P cancellation, the "tough" compulsory clearing method of its 51 credit cards was once questioned and vomited by the lenders. Financial Tiger once pointed out that in May 22, on the complaint reporting platform of Zhejiang government services, many lenders alleged: "51 people's loans were transformed and withdrawn, and the platform induced lenders to discount low-priced debt swaps to withdraw." In the previous reply, the Xihu District Bureau of Commerce made it clear: "The relevant departments have not received the" 51 Credit Card "cancellation plan, and the matters mentioned are independent business activities of enterprises. Please consult the platform for related issues." .

on February 3rd this year, in response to the problem of creditor's rights transfer, 51-person official Wei said in reply to a complaint from a black cat user: "Generally, the acquisition by a third-party organization will depend on factors such as the discount of the original investment principal, the discount of the total assets, the expiration time of the order, etc. to confirm whether to accept the transfer, and the specific transfer discount needs the user's voluntary operation".

It is also worth mentioning that on February 19th this year, a user complained about the black cat: "In November 218, I invested 4, yuan in peace of mind. On April 24th, 22, 51 people unilaterally defaulted and deducted the interest I had earned. Until the maturity, I only recovered the principal of 4, yuan, but I didn't give any interest for two years, and asked the company to give me 9,2 interest." . 51 Character said in the reply: "At present, it is an industry across the board caused by uncontrollable factors such as national policies, which is in line with the terms of early termination of service under unpredictable factors as stipulated in the contract. The company has guaranteed the clearing of your investment funds through subsidies from its own funds. " .