[amourdesrondes 2023] The central bank's financial statistics "received new"

Ouyang Rihui, deputy director of China Internet Economic Research Institute, Central University of Finance and Economics, told reporters of "Securities Daily": Most consumer finance companies increase credit, and bank institution direct loans account for the largest proportion of credit. At present, consumer finance companies have formed an unconventional competition and development model based on the positioning of professional consumer credit functions. Commerce It harms banks, credit cards, and small internet platforms. Consumer financial institutions such as credit companies have promoted efficient consumption and stable growth,” he said. This time, the central bank's financial data 'recommendation' further expanded the scope of financial statistics. And consumer finance companies have further improved regulatory approvals.

Duan Yijin, financial regulatory technology expert at Suoxinda Holdings, told Securities Daily reporters, “Establish consumer finance companies. Wealth management companies Financial asset investment companies expand domestic demand to support the real economy. All three are non-deposit financial institutions in the banking industry, but the financial system and economy It is playing an increasingly important role in their development and it is a general trend that their business data will be included in financial governance statistics.”

From the perspective of the development history of consumer finance companies, the development of consumer finance in Korea has gone through four stages: pilot stage, rapid development stage, revision stage, and standardization stage. From 2020, the consumer finance industry has entered the standardization development stage. During this time, consumer finance companies are actively responding to policy demands for consumption promotion and striving for quality development.

“This time, the Central Bank combines three types of non-deposit financial institutions in the banking industry. This includes consumer finance companies. Wealth Management Company Financial Asset Investment Company Enter the realm of financial statistics. Regulatory capacity has reached a new level, said Pan Helin, a researcher and co-director of the Center for Digital Economy and Financial Innovation Research at Zhejiang University International Joint Business School, from an institutional perspective. In the future, data governance for consumer finance companies will become more transparent.

Su Xiaorui, Senior Advisor for the Financial Industry at Analysys, told a Securities Daily reporter, “These changes will have some impact on the day-to-day operations of institutions. However, they introduce higher requirements for data regulation and supervision of institutional data.”

Over the past few years, improving data governance capabilities has become a consensus among consumer finance companies. Immediate Consumer Finance, for example, has stated that it has created a data governance path of “1 basic guarantee + 2 mainline + 1”. We have worked with more than 200 scene parties across the country to create a multi-dimensional data source.