What kind of online loan is East Coast Digital?

East Coast Digital is our company

1. The essence of Internet finance is still finance, and it has not changed the characteristics of financial risks such as concealment, contagion, widespreadness and suddenness. . Strengthening Internet financial supervision is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and an emerging business format. It is necessary to formulate moderately loose regulatory policies to leave room and space for Internet financial innovation.

2. Promote the healthy development of Internet finance and better serve the real economy by encouraging innovation and strengthening supervision to support each other. Internet financial supervision should follow the principles of "legal supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", scientifically and rationally define the business boundaries and access conditions of each business format, implement supervisory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely Crack down on illegal activities and irregularities.

3. Online lending includes individual online lending (i.e. P2P online lending) and online small loans. Individual online lending refers to direct lending between individuals through the Internet platform. Direct lending activities that occur on individual online lending platforms belong to the category of private lending and are regulated by laws and regulations such as Contract Law, General Principles of Civil Law, and relevant judicial interpretations of the Supreme People's Court. Internet micro-loans refer to small-amount loans provided to customers by Internet companies through micro-loan companies they control, using the Internet.

4. Online small loans should abide by the existing regulatory regulations on small loan companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. The online lending business is supervised by the China Banking Regulatory Commission.

5. The supervision of online lending platforms has gone from a peak of five to six thousand to only 29 in operation by the end of June. The special rectification work may be basically completed by the end of the year and will be transferred to regular supervision. In the traditional P2P model, online lending platforms only provide information circulation and interaction, information value identification and other services to facilitate the completion of transactions between borrowers and lenders. They do not actually participate in the lending interest chain. The lenders and borrowers directly have a creditor-debt relationship. Online lending platforms It relies on charging certain fees from both borrowers and lenders to maintain operations. In our country, because the citizen credit system has not yet been standardized, it is difficult for the traditional P2P model to protect the interests of investors. Once an overdue payment occurs, investors will lose their money.