51 How deep is the credit card pit when it is checked?
This time, 51 credit cards have been checked. Nowadays, there are many people who borrow money in cash. Credit card companies generally outsource this collection collection collection business collectively, so some contractors will use various means to urge repayment for the benefit, and some people will commit suicide because they can't stand this pressure.
Many police cars stopped under the Wuyi Credit Card Building before, and many policemen came. About the investigation of Wuyi Credit Card, the insider revealed that it was mainly aimed at the cash loan business of Wuyi Credit Card, because it involved the collection of personal information involved in the collection of money, and there was also the suspicion of violent collection of money. At present, the May Day credit card has been at the forefront. Some people say that the May Day credit card pretends to be a state organ to intimidate cash borrowers and urge them to repay their debts. Now this news has caused a great sensation. If the May Day credit card cannot solve this problem well, it may have a great impact on their future.
Many people are using the 51 credit card. For the Duoka people, the May Day credit card is very easy to use. Therefore, it is not a good phenomenon for investors or practitioners to see this happening with the May Day credit card. They don't want this platform to have an accident. The main reason for this incident is that the May Day credit card violently urges people to collect money, but we don't know which business it is. This kind of thing is likely to happen.
In fact, it's not a matter of a day or two to urge the loan industry to collect money from windfall profits. When it comes to May Day credit card collection outsourcing, some outsourcers, driven by interests, will choose some unscrupulous methods to make borrowers pay back the money quickly. In this case, some borrowers can't bear this pressure and choose to commit suicide.
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. " .
new coach takes office: facing two major challenges: business compliance and performance revitalization
It is understood that since the second half of 219, the growth of 51 credit card performance indicators has fallen into a downturn. According to the interim report in 22, the revenue of 51 credit cards was 165 million yuan, down 88.2% from the same period of last year, and the adjusted net loss was about 752 million yuan, while the adjusted net profit in the same period of 219 was about 39 million yuan. The withdrawal of P2P business is also an important reason for the decline in the performance of 51 credit cards.
as of June 3, 22, the number of registered users of 51 credit card housekeeper application increased by about 3.% to about 85.9 million due to about 83.4 million on June 3, 219, and the cumulative number of credit cards managed also increased by about 4.% to about 144 million due to about 139 million on June 3, 219.
51 Credit Card has previously claimed that in order to concentrate resources to ensure the smooth completion of P2P clearance, it has greatly reduced various expenses including marketing expenses and general administrative expenses. Coupled with the impact of the novel coronavirus epidemic, the growth rate of new users will be slowed down in the first half of 22, and the scale of various businesses such as credit matching service, credit card technology service and introduction service will be maintained at a low level. At the same time, efforts should be made to maintain the activity of existing users, with a view to resuming business growth after P2P clearance is completed and the epidemic situation in COVID-19 stabilizes. In addition, in addition to the impact of P2P eviction and COVID-19 epidemic, the supervision of the Internet finance industry has become increasingly strict, and its credit matching service and introduction service business have also been affected.
51 Credit Card also pointed out that although the Group has completed the P2P clearance, the COVID-19 epidemic and the uncertainty of the credit market will still affect the development of the Group. Therefore, the Group needs to adopt more effective policies and maintain the liquidity of its existing business operations and cash flow to cope with economic uncertainty and market conditions. At the same time, the Group needs to further strengthen its development in science and technology for the development of innovative business.
According to industry analysis, Sun Haitao's resignation as CEO and his replacement with Zheng Haiguo are closely related to his imminent strategic transformation. Business compliance and performance revitalization will be the two major challenges he will face after taking office.
In terms of performance revitalization, Zheng Haiguo has a deep background as an executive in the traditional banking department, which will help 51 Credit Card to understand the business needs of the bank more deeply and systematically, expand the resources in the banking industry, or inject new vitality into its performance revitalization, and has obvious advantages in its transformation into a financial technology export service.
however, under the current trend of strong supervision of consumer finance and credit industry, business compliance is the most important thing faced by 51 credit cards. On February 2th, China Banking and Insurance Regulatory Commission issued the Notice on Further Standardizing the Internet Loan Business of Commercial Banks, requiring commercial banks to independently carry out Internet loan risk management, and it is strictly forbidden to make loans before and during lending.