The Pentium Era - South to North

"Xiaofang, have you thought about what to talk to the main responsible comrades tomorrow?" Liu Chengcheng asked.

Xiaofang nodded and said: "I have thought about it, and I will suggest that the top priority now is to severely crack down on online financial fraud under the guise of Internet finance and inclusive finance, such as MMM Mutual Finance and Morgan Coin. Wait, these are typical online frauds and pyramid schemes. If these are not cracked down on, there will be no healthy soil for Internet finance.

“Second, we must conduct a thorough survey of the existing Internet loan platforms as soon as possible to find out how many platforms there are, how much business each platform has, and what the size of its funds is. Only by first understanding can we know , once a problem occurs, how wide the scope will be.

"On this basis, there are several things that must be done for these online loan platforms. First, the positioning of the platform must be accurate and cannot be vague. It is an information intermediary agency, not a credit guarantee agency, and more Not a financial or quasi-financial institution.

“Second, draw clear red lines on the platform’s business scope, that is, clearly tell them what they cannot do and list prohibited sexual behaviors.

“For example, it is not allowed to use this institution’s platform to finance the platform itself or related borrowers; it is not allowed to directly or indirectly accept and collect funds from lenders; it is not allowed to provide guarantees to lenders or promise to guarantee principal and interest, etc.

“At the same time, it is necessary to prevent collusion between platforms. For example, platform A guides customer funds to the borrower designated by platform B, and platform B guides customer funds to the borrower designated by platform A. .

“Third, all customer funds must be separated from the platform’s own funds, and a third-party custody system for customer funds must be implemented. That is, online lending institutions should select qualified banking financial institutions as third-party fund depositories. It manages and supervises customer funds and realizes separate account management of customer funds and online lending institutions’ own funds.

"Fourth, if pre-approval is difficult to achieve, at least these platforms are required to report to the local financial office afterward. This will help the local financial office to supervise and manage them..."

"Why can't we pre-approval?" Sun Hou said, "If all online loan platforms had pre-approval, it would be more beneficial to control risks, right?"

"Have you considered that if there is pre-approval, there will definitely be huge room for rent-seeking power? Once you have the power to seek rent, even supervision becomes an empty talk. Small loan companies everywhere will appear during the approval process. All the chaos will happen again.

"Moreover, for example, if my platform is approved in Gansu, you cannot restrict me from doing business in Zhejiang online. If this is the case, what will happen between the approval agency and the approval agency?"

When Xiaofang said this, everyone laughed. Everyone knows what will happen if this happens. It will probably happen by then. Approval agencies in various places will compete for each other's "business", and more likely, a platform license. , will be resold privately.

Xiaofang continued: "Moreover, if you pre-approval, many platforms will simply bypass it and not even apply for approval. From the ground to the underground, supervision will be more difficult. In comparison, the reporting system can actually Knowing the true situation will also be beneficial to the local financial office’s subsequent supervision.”

Sun Hou nodded and agreed with Xiaofang's statement.

Xiaofang continued what she said before: "Another point is that if conditions permit, the business of online loan platforms should be included in the credit reporting system. At least an information platform should be established that is composed of all online loan platforms to reduce evasion." In the event of debt abolition, a blacklist system will be established.

“This is the same logic as that of financial institutions. As long as the non-performing loan ratio of the platform can be reduced, systemic harm will not occur and the platform can still develop healthily. On the contrary, it is very likely that it will have to be banned in the end. road."

After Xiaofang finished speaking, Liu Chengcheng said yes, I hope your suggestions will be taken seriously. By the way, after I go to the National People's Congress, I will do my best to promote the formulation of relevant laws and regulations.

"Not only Internet finance, but also Bitcoin is now controversial. Some of our comrades have suggested that we should be ahead of other countries and take the lead in legalizing Bitcoin and allowing it to be traded domestically." Li Yong said, "Xiaofang, what do you think of this?"

"Of course not. This means that we have a second currency besides the RMB. How can we control the total amount of M2? Allowing Bitcoin to circulate legally is tantamount to giving up part of the central bank's currency issuance power, which will directly threaten the Financial sovereignty." Xiaofang said.

"What's the difference between this Bitcoin and Q Coin?" Liu Qing asked, "Isn't Q Coin within a certain range and can be circulated?"

Xiaofang said: "Q coins and various game currencies can only be said to be vouchers at best. Their basis is still RMB. They are more like a commodity that needs to be purchased with RMB, rather than currency. They are essentially the same as Bitcoin. s difference."

The next day, Xiaofang followed Li Yong and entered Xinhua Gate. Li Yong told them afterwards that the exchange between Xiaofang and the main responsible comrades had attracted attention. Now, the State Council has taken the lead and organized departments such as the Ministry of Public Security and the Cyberspace Administration of China to We will severely crack down on online financial fraud like MMM Mutual Finance.

At the same time, the China Banking Regulatory Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the National Internet Information Office and other units were also instructed to conduct an investigation on online loan platforms across the country.

More than a month later, Xiaofang received a call from the relevant department, inviting her to Beijing to attend a meeting. The theme of the meeting was to serve as an expert member and participate in the formulation of the "Interim Measures for the Management of Business Activities of Online Lending Information Intermediaries (Draft for Comments)" .

When Zhang Chen and Xiaofang returned to Hangzhou, Liu Yun also returned from the United States. Preparatory work for Fanhua Network to be listed on Nasdaq has been completed. Fanhua Network is scheduled to be listed on Nasdaq in February 2015. Starkey goes public.

Mr. Huang later came to Zhang Chen's office twice more. The purpose of his visit was to invite Zhang Chen to become a customer of their "88 Finance", but Zhang Chen declined both times.

As Xiaofang expected, Zhao Jingjing arrived at Zhang Chen's office and mysteriously told him about MMM Mutual Finance, how to make money quickly?

"Do you have money to pay?" Zhang Chen asked.

"The first time I didn't dare to bet too much, I just put in 100,000 yuan. It expired in one month. Haha, I really made a profit. I received calls from several accounts. I've already hit 130,000 yuan. I'm going to invest more. I really made it." Yes, Mr. Zhang, this money comes in too fast." Zhao Jingjing said cheerfully.

Zhang Chen scolded Zhao Jingjing. He thought that Zhao Jingjing might not be the only one in the company who was deceived by this scam. Everyone outside knew that these people in Half Acre Field were rich and could not be deceived. Concerned?

Zhang Chen organized all the middle and high-level people in the group and asked Xiaofang to tell them about various online scams, how they were operated, and what the risks were.

Xiaofang asked Zhao Jingjing: "Did your 130,000 yuan call come from different accounts? You don't know these people?"

"That's right." Zhao Jingjing said, "I also called out the same way. I seemed to have called nine people."

"Do you know that you think you have made a profit, but in fact, the risk is very high if you do this? Apart from what I said earlier, this is a game of passing flowers with drums. In addition to the risk of losing everything at any time, this 130,000 yuan , is a risk in itself." Xiaofang said.

Zhao Jingjing didn't understand and asked: "The money has already been credited to my account, what's the risk?"

Xiaofang smiled and said: "Either the money comes to your account, or it's your money. All money comes and goes for a reason. Just pray. These people who send you money never thought of going to the court." If they sue you in court on the grounds of unjust enrichment, you won't even get the lawsuit, but you'll have to return the money to them."

"Why?" Zhao Jingjing was surprised and asked.

"These people don't know you, so why should they give you money? It can be said that he made a mistake." Xiaofang said.

"But, I also fought out." Zhao Jingjing said.

"Are you calling these people when you call them?" Xiaofang asked.

Zhao Jingjing shook her head.

"You didn't call them, so what does they have to do with you?" Xiaofang said, "The judge will only order you to return the money to them. As for the money you sent, it has nothing to do with these cases. You can sue the people you sent money to in another case, do you understand?"

"I'm going to die. It turns out that this is the case. I don't dare to do it anymore." Zhao Jingjing said.

"Has anyone else done something like this?" Zhang Chen asked everyone.

Xiaojuan's face turned red. After hesitating for a long time, she raised her hand. Zhang Chen asked, "Have you been tricked?"

Xiaojuan said: "I made a call of 30,000 yuan and wanted to give it a try. However, I was not as lucky as Zhao Jingjing. Just four days after I made the call, it seemed like it was no longer working. I couldn't even log in to the website."

"Did you introduce me?" Zhang Chen asked Zhao Jingjing. Zhao Jingjing quickly waved her hand and said, "No, no."

Xiaojuan also said: "It's not Zhao Jingjing, it was introduced by one of my fellow villagers."

Xiaofang sighed and said: "There are endless scams for making money on the Internet. If you just hold on to the idea that the pie will not fall in the sky, you will not be fooled. Think about it, if there is any project, the money is really It’s so easy to make money, these website developers, don’t they know how to make money? What they make is yours.”

"It's really hard to guard against." Xu Qiaoxin said, "Some of my classmates also asked me to buy some gold coins. Fortunately, I haven't had time to buy them yet."

"If you buy it, you will fall in." Xiaofang said, "Please everyone, if you encounter such a thing in the future, at least call me and let me give you some advice. Don't rush to buy it?"

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