Which network was launched at the end of 2012, and the operating company was Shenzhen Wangjin Financial Information Service Co., Ltd. The largest shareholder of the platform is Giant Network Group Co., Ltd., a wholly-owned subsidiary of Shanghai Giant Plus Network Technology Co., Ltd., on January 2nd, 2018, the fund of Zhiyuan Capital of China Merchants Capital Co., Ltd. invested RMB 300 million to increase the capital of Wangjin Finance. It will hold 10.6743% of the shares of Wangjin Financial. The proportion of giant plus network equity will be reduced from 40% to 35.7143%, but still enjoy 51% of the voting rights. The platform also has the background of securities companies (Guangfa Shunde, a wholly-owned subsidiary of Guangfa Securities) and state-owned assets (the Bank of China Yuecai Fund). The main business of the platform is vehicle mortgages. According to the disclosure data from the Mutual Financial Association, the overdue amount announced in October 2017 was 224.9966 million yuan. The overdue rates and the overdue rates of the projects were 3.38% and 2.65%, respectively.
First, the basic information of the platform
National Enterprise Credit Information Public Announcement System Query Result
Which investment network is operated by Shenzhen Wangjin Financial Information Service Co., Ltd., and the platform was formally launched at the end of 2012. The national enterprise credit information publicity system inquires that the registered capital is RMB 75,407,103.
In June 2014, the investment network was awarded nearly a billion round A round of financing by Guangfa Shunde, a wholly-owned subsidiary of GF Securities. In April 2015, the No. 1 network received a domestic listed company Daikin Heavy Industry (stock code 002487) and RMB 150 million in round B. Financing. In December of the same year, which network won the strategic investment of the BOC Yuecai Fund. In November of the same year, No. 1 Network Co., Ltd. obtained a 8.2 billion C round of financing from Shanghai Jujia Network Technology Co., Ltd. (Giant Internet Group Co., Ltd., a wholly-owned subsidiary of the company, stock code 002558), holding a 40% stake. At this time, the investment founder Li Zhigang and Wu Xianyong respectively held 13.59% and 24.13%, a total of 37.73%. On January 2, 2018, China Merchants Zhiyuan Capital’s subordinate fund increased the capital to Wangjin Finance by RMB 300 million. Upon completion, it will hold 10.6743% of the equity of Wangjin Finance. The proportion of giant plus network equity will be reduced from 40% to 35.7143%, but still enjoy 51% of the voting rights. In contrast, the background of the state-owned assets of the platform is relatively weak. The BOC-Guangzhou-Guangdong-Guangdong-Guangzhou-Guangdong-Guangdong-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Guangzhou-Shanghai-Platinum-investment partnerships only hold 1.94%.
The background of the shareholders of the platform is very strong. Jugao Networks holds 51% of the voting rights. The shares of founders Li Zhigang and Wu Xianyong do not add much to the network. Therefore, there may be operational concepts and operational costs and risks in the platform operation process.
Second, platform executives
360 based on the official website information
According to the official website disclosure information, the platform executives have excellent academic background and work experience, and platform managers have lower potential moral hazard.
III. Operational data
According to the monthly report of the official website's disclosure operation, as of November 30, 2017, the cumulative trading volume of the platform was 47.942 billion yuan, and the loan balance was 8.205 billion yuan. The data disclosed by the Mutual Gold Association also showed that the platform was subject to a double drop. As a result, the loan balance fell from 9.0026 billion yuan at the end of August to 8.205 billion yuan at the end of November. In November, the transaction amount was 1.945 billion.
China Gold Association
According to mutual financial association disclosure data, in October 2017, the number of overdue shares of the CNOOC Group was RMB 224 million. The overdue rates and overdue rates of the projects were 3.38% and 2.65%, respectively, both of which increased compared to September. Although the overdue rate in November has fallen below 1%, the overdue rate of the project is still close to 3%.
IV. Operational Models and Products
Which network is currently investing network is divided into Wang car loan, Wang Xin loan, Wang car loan is mainly based on car mortgages, and wage loans for personal credit. In addition to the standard bid for the platform, there is a package plan for smart bids, which is divided into monthly security, Ji Anxin, semiannual safety, annual safety, and peace of mind plus time. The scope of bids for this type of plan is to get a car loan, a salary loan. The asset type of the Wangcheang loan is the car loan asset, and the borrower's vehicle registration certificate, insurance document, vehicle key and other related documents are placed on the investment network.
【Million car loan 171206-627 period】
The loan amount for the 171,206-627 period of Wangwang Loan amounted to 77,000, the term was 36 months, and the expected annualized return rate was 11.8%. The borrowing purpose was capital turnover. The borrower’s gender, age, work, identity card with mosaic, motor vehicle driving license and vehicle registration certificate were disclosed, and the platform disclosed more comprehensive information on the borrower of the bid.
[Annual Peace II-180104]
Annual Relief II-180104 expects an annualized return of 10.4%, with an investment period of 24 months. The project only describes the scope of the tender is the supply chain, Wang car loan, high-paying loans, the platform announced that the plan is an automatic bidding tool, so the actual borrower can not be seen before the investment, after the investment system to match the borrower, in fact, this It is contrary to the details of the borrower before setting up an investment with regulatory requirements.
Financial 360 According to which net official website finishing
The platform will charge 10% of the interest income for each investment as the interest management fee. The actual monthly income of the monthly security product is only 6.48%, and the yield is relatively low.
There are risk reserves before the platform, but risk reserves have been removed to meet regulatory requirements.
On July 3, 2017, Shenzhen Financial Office issued the "Administrative Measures for the Registration and Registration of Shenzhen Internet Lending Information Intermediary Organizations (Draft for Soliciting Opinions)", requesting that the main fund settlement account of the online lending platform be set up in commercial banks within the administrative area of Shenzhen Municipality. When branch offices and online loan platforms apply for record registration, they will enter into a depository arrangement with commercial banks that have branches at or above the branch level in Shenzhen's administrative jurisdiction. Which network was put on line in July of this year Guangfa Bank's custody of funds, in line with this provision.
With a three-tiered background of “debtor + listed company + state-owned assets,” the investment network received extensive attention from the online loan industry after acquiring C's 820 million rounds of financing in the Giant Plus network under the giant network. The platform ploughs the auto loan market and has a good market share, but the project overdue rate still needs improvement. In addition, before the platform's "safety" products can't see the actual borrower, the system after the investment is matched to the borrower, and this setting is in contradiction with the details of the borrower before the investment with the regulatory requirements.
Investment P2P, safety is the most important! You can go to WeChat public number: Confidence Notes (rong360licai), reply to "Rating" to view the latest online loan rating report.