What did the micro-loan network do and why was it put on file for investigation?

On the evening of July 4th, Shangcheng District Branch of Hangzhou Public Security Bureau filed a complaint against Microfinance (Hangzhou) Financial Information Service Co., Ltd. Micro-loan network? Platform) is suspected of illegally absorbing public deposits for investigation. At present, the case is being investigated according to law.

The micro-loan network was launched on July 8, 20 1 1. What is the main theme? Internet plus auto finance? . The actual controller is Yao Hong with a shareholding ratio of 60. 1 1%. 2018165438+1October 15, officially listed on the NYSE with the stock code Wei. According to the data released by official website, a micro-loan network, as of February 2020, the loan balance was 8.583 billion yuan, and the accumulated loan amount was 298.663 billion yuan. On May 3 1 day, the official WeChat of the micro-loan network issued a document saying that due to national policies and industry trends, the micro-loan network will withdraw from the online loan industry before June 30, 2020, and will no longer operate the online loan information intermediary business. According to the announcement, at the request of the majority of lenders, after comprehensive consideration, when the deadline for signing the asset management plan is June 9, 2020 18, the signing channel will be closed after the deadline. For lenders who have not signed the contract after the deadline for signing the asset management plan, the redemption plan will be announced separately as soon as possible.

Micro-loan network, launched on 20 1 1, went public in the United States in 20 18, and now its share is only $65,438 +0.33, shrinking by 90%. According to the data released by the micro-loan network, as of February 2020, the loan balance of the micro-loan network was 8.583 billion yuan, and the accumulated loan amount was 298.663 billion yuan. According to the news released in May of 12, the amount of funds for users who have signed up is about 5.45 billion yuan, and the amount of funds for users who have not signed up for new schemes is insufficient1700 million yuan. Based on this calculation, as of May 12, the outstanding balance of micro-loan network was about 7010.50 billion yuan.

In addition, many places across the country have carried out actions to rectify P2P peer-to-peer lending. In March this year, six provinces, including Inner Mongolia, Shaanxi, Jilin, Heilongjiang, Jiangxi and Anhui, announced that they would ban all online lending businesses within their jurisdiction. According to various sources, the provinces that have not yet announced the ban on online lending business are also comprehensively promoting the withdrawal and transformation of P2P.