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在线翻译:
szdaily -> Business
Data sharing urged for P2P risk control
    2017-September-14  08:53    Shenzhen Daily

Zhang Yu

JeniZhang13@163.com

CONTROLLING credit risks is the key to the development of the peer-to-peer (P2P) lending in the next 10 years and would require more institutions to work together to break down information barriers, an industry veteran told a forum in Shenzhen yesterday.

For Zhao Hui, general manager of Beijing Zhicheng Credit Service Co., the status quo of the industry is worrisome.

“Due to a lack of data sharing mechanism, the data are scattered in various Internet financial institutions, resulting in serious credit risks such as owing debts to several parties and organized fraud,” said Zhao.

In June 2015, Zhao’s company launched a free-of-charge cloud platform for risk control, which aimed to share borrowing and lending data and a verified risk list for open query. And in December 2016, by joining hands with other credit institutions, the company launched a pluralistic data sharing platform for win-win cooperation.

There are currently 723 institutions that have become customers of the company’s data sharing platform. More than 85 percent are Internet finance companies and P2P platforms.

According to local media reports, 360 P2P lending platforms were in normal operation in Shenzhen at the end of 2016. However, under tightened supervision, 230 platforms exited the market in the same year, indicating that there was one P2P lending platform leaving the market on average every one and a half days.

By the end of July this year, the number of platforms in normal operation in Shenzhen had dropped to 308.

 

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