If a P2P platform is to be purchased, it is important to ensure, when selecting potential targets, that the size of the remaining balance of the platform be maintained. If the remaining balance of the P2P platform is to be purchased, you will be the upper limit of the loss to which you have suffered if you are to ensure that you have a $500 million exchange capacity.

In previous days, a friend called to consult on a P2P merger. He is currently in a local capital enterprise and is leading the purchase of a local P2P platform. The P2P platform is small, the quality of the assets is controlled and compliance is not good, and the Financial Services are encouraged to consult with local financial offices on and purchase itself.

At present, the project has been completed and formally entered into the final management decision-making phase. As a sponsor of the project, he suddenly lost his mind: at this point, when a P2P platform was purchased, is it not wise decision-making? There seems to be much uncertainty as to whether to reproduce.

I think that this issue is of a certain universal character and may wish to be explored in depth.

One premise: availability of filing passes

There is no sunset industry, but only sunset businesses. In the P2P sector, excessive pessimism is not desirable, but it is a separate case that goes to individual P2P platforms.

P2P has been incorporated into a strong regulatory framework, which is a licence for compliance and a prerequisite for the value of the platform’s acquisition.

Currently, P2P, which has not been filed on the municipal front, is being processed and purchased at this time, requiring an assessment of the probability that the platform will be successful in filing.

This is also the case in the case of my friend, whose sudden uncertainty lies, and although the Financial Office encourages the transaction, it is not linked to the smooth filing of the platform. After all, in the context of the guidelines for the withdrawal of platforms that have been put in place everywhere, there are almost all such expressions as “incentives to network lending institutions to prioritize the use of mergers and acquisitions to mitigate risks, to withdraw from the network lending sector”, which, in the view of regulators, introduces new power shareholders and is naturally favoured by both sides in order to mitigate industry risks.

With regard to filing, in August 2018, the National P2P Net Loan Service issued the Notice on the Conduct of Compliance Inspections in the P2P Network Loans (hereinafter referred to as the Notice), harmonized the standards for filing inspections, clarified basic procedures for self-examination, self-regulation and administrative verification, and designated the end of December 2018 as the deadline. Subsequently, on the basis of three rounds of inspection, “net lending institutions that generally meet the criteria for the location and classification of information intermediaries will access the information disclosure and product registration systems. After a period of time, a mature institution may apply for filing as required.”

Under the current time frame, the local platforms have continued to complete the submission of self-censorship reports, entering the self-regulation and administrative verification phase. However, one point needs to be made that the submission of self-assessment reports does not mean that compliance is better.

From the content requirements of the self-contacted report (issues identified and improvements, size of stock operations and risk mitigation, current major problems or risk concerns, etc.), the platform’s self-examination report is more objectively expressed by the platform on its own adaptation and compliance status, a reference sample of two subsequent rounds of inspection, which is presented in real terms. As a result, poor compliance platforms are available for self-assessment reports.

As regards self-regulatory inspection and administrative verification, the focus of administrative verification is “administrative verification of the content of the report and the authenticity of the data”, so it is true that self-regulatory inspection, in particular the part of the self-regulatory inspection report on compliance evaluation and regulatory recommendations, will have a direct impact on final filing qualifications.

For agencies interested in buying P2P platforms, the time is right to buy and sell their bids at a lower risk in the light of the self-regulatory inspection report evaluation before filing the time window. The risk of compliance ceases to exist after dossiers have been filed, and the prices of natural water have increased.

Value: What is the value of P2P?

From the perspective of the financial system as a whole, P2P is an important force in participating in inclusive financial operations and an important component of a multi-tiered financial system, while a P2P platform, with a record-keeping qualification, may be the maximum value of which is a ticket for participation in the 1 trillion-tier wealth management market.

After new regulations and new Internet regulations, the distribution of property is limited to licensed institutions such as banks, trusts, vouchers, fund affiliates, insurance companies, etc., with no exception being major licenses that are difficult to apply; Internet institutions, in previous years, have been cut off from the distribution of tangible property that had been made in collaboration with local depositaries, to participate in the escrow market and to receive licenses and earn commissions.

The P2P option is the lowest threshold for personal entry.

The P2P asset end was restricted to the area of small-scale generalization, after the introduction of the temporary Internet loan scheme, and the lender’s confidence had been eroded by repeated attacks on runways. On this basis, the voice of the P2P industry has been declining, but it seems to me that small barriers to these sectors cannot be called if they are at a more macro level and are at the point of view of the larger development of the billions of capital markets.

We turn first to a set of data:

The balance of bankable property grew by 55 to 2954 million yuan in 2007-2017;

The balance of fiduciary assets increased from $3 trillion to $2.6 trillion in 2010-2017, an increase of 7.67 times;

The size of portfolio management increased from $795 million to $168.8 million in 2010-2014, up to 18.77 million;

The size of the Fund’s corporate dedicated business assets increased from $588 million to $1,374 million, up to $1739 million, for 2010-2014;

For 2010-2014, private fund contributions increased from $149 million to $1,11 trillion.

…

The sudden growth in large capital markets, while financial institutions are chaotic and regulatory, is the context in which new regulations are put in place; however, such an increase, at a deeper level, is due to changes in the wealth structure of the macro-level population.

Social Affairs Section

Attention of Henan Radio and television station at 08:34 on March 7

Henan news broadcast reporter Pan Yuyi

In order to implement the regulations of Henan Province on the prevention of meteorological disasters, the measures for the release and dissemination of meteorological disaster early warning signals in Henan Province, and the requirements of Henan Province to deeply learn the lessons of Zhengzhou’s “7.20” rainstorm disaster and promote the rectification of problems, and further improve the linkage mechanism of extreme weather emergency response, Henan Provincial Department of education Henan Meteorological Bureau issued the notice on the implementation of class suspension measures under the condition of rainstorm red warning, which will take effect from April 1, 2022.

In terms of clarifying the suspension standards, the notice pointed out that the meteorological disaster early warning signals are generally divided into four levels (level IV, III, II and I) of blue, yellow, orange and red, representing general, serious, serious and particularly serious respectively. The rainstorm warning signal shall be issued by the local meteorological department in accordance with the principle of “territorial management”. After the local meteorological department issues the rainstorm red warning signal, the local education administrative departments at all levels shall resolutely take measures to suspend classes, fully suspend classes in all kindergartens, primary and secondary schools and secondary vocational schools (hereinafter referred to as “schools”) carrying out education and teaching activities in the corresponding area, and strictly implement the requirements of the guidelines for the suspension of rainstorm red warning signal in Henan Province.

An example of school suspension notice issued simultaneously when issuing rainstorm red warning signal is (Taking Zhengzhou urban area as an example):

In terms of timely notification and release, the notice stressed that when meteorological departments at all levels officially release the rainstorm red warning signal, they should also notify the education administrative department at the same level; After the Red Rainstorm warning signal is issued, when the warning signal changes (including degradation or cancellation), it shall be reported to the education administrative department at the same level at the same time. Meteorological departments at all levels shall issue Red Rainstorm warning signals through television, radio, website, SMS, wechat and other channels, and issue the notice of suspension and resumption of classes by the administrative department of education at the same level; Education administrative departments at all levels shall issue notices of suspension and resumption of classes through various media. All localities and schools should remind students and parents that in case of possible rainstorm disasters, they should pay close attention to the release of rainstorm red warning signals through various channels and take appropriate countermeasures.

Schools, students and their parents make different arrangements according to the specific situation of rainstorm red warning signal:

Schools must ensure that the following arrangements have been developed and implemented:

In terms of improving safeguard measures, the notice requires the establishment of a communication mechanism. Education departments and meteorological departments at all levels should strengthen communication and coordination, establish a cooperation mechanism for the suspension of rainstorm red warning signals, and regularly hold joint meetings every year to summarize work experience, analyze existing problems and improve the working mechanism, And timely report the implementation of relevant work to the higher education administrative and meteorological departments. Improve the early warning mechanism. Meteorological departments at all levels should strengthen the research and judgment of rainstorm early warning signals and strive to release rainstorm early warning signals scientifically. Education departments at all levels should formulate detailed rules for the suspension of classes in response to the rainstorm red warning signal according to local conditions, guide schools to formulate emergency plans for the suspension of classes in response to the rainstorm red warning signal, strengthen science popularization and education, and promote the awareness of students and parents to automatically suspend classes after the rainstorm red warning signal takes effect. Establish and improve the contact system of meteorological education departments at all levels, and assign special personnel to be responsible for the specific work. Education departments and schools at all levels shall summarize the contact information and feed it back to the meteorological department at the same level; Meteorological departments at all levels shall include the contact person into the meteorological decision-making SMS platform and push the red early warning signal in time. The contact information should be updated and confirmed before April 1 every year to ensure the efficient operation of schools in Henan Province to deal with the red warning of rainstorm.

Beijing Urban sub center recently announced that it will further promote the construction of phase II project of Beijing universal theme park this year. Since its opening in September last year, the first phase of Beijing universal theme park has once become one of the most popular scenic spots in China. The operating revenue of that year reached 1.645 billion yuan, received more than 2.1 million tourists, and driven the development of surrounding supporting industries.

In recent years, theme parks have become the hot words in the travel industry. The theme parks introduced from abroad such as Disney, Beijing, Universal Studios, Shanghai and so on have become the top stream of the industry by their strong body weight and long standing fame. In contrast, local theme parks still have gaps in IP incubation and operation. How can they break the game in the face of competitive pressure?

The number and quality of theme parks are rising

Recently, the news that Lego theme park will officially land in Fangshan District of Beijing spread like wildfire. At present, there are three LEGO Parks under construction in China, which are located in Meishan, Shanghai and Shenzhen, Sichuan. In addition, the first paramount theme park in China will also land in Kunming, Yunnan Province.

The “Splendid China” miniature scenic spot in Shenzhen, which opened in 1989, is considered to be the first theme park in China. After entering the domestic and international market, the theme park with huatelong as its representative will also enter the domestic and international market. At present, about 3000 theme parks have been developed in China.

In addition to the increase in number, the quality of theme parks is also rising. The popularity of Shanghai Disneyland, which opened in 2016, has been high and has been in the leading position in domestic theme parks for a long time. Universal Beijing Theme Park has taken 20 years from preparation to completion, which has brought many surprises to tourists.

Local theme parks are also becoming more and more mature. Some theme parks such as Haichang, Changlong and Huaqiang Fangte can be compared with world-class theme parks in terms of hardware. Unlike international brand theme parks that prefer big cities, most local theme parks aim at small and medium-sized cities.

Entertainment facilities are available, but IP is insufficient

The soul of the theme park lies in the theme, and IP is the core content of the theme. Insiders pointed out that although the scale of local theme parks is growing, compared with internationally renowned theme parks, IP is not very “able to play”.

Wei Xiang, Professor of the Institute of financial strategy of the Chinese Academy of Social Sciences, told the worker’s Daily that theme parks appeared in large numbers in urban and suburban areas after 2000, but they were mainly comprehensive theme parks that appeared in cooperation with the development of tourism real estate and commercial real estate. The development investment of professional theme parks was obviously insufficient, and the attention to IP development was also insufficient.

Xiaoxiao, a tourist who has experienced dozens of theme parks, said that compared with large international theme parks, many local theme parks have all kinds of entertainment facilities such as roller coasters, Ferris wheels and jumping machines, but ignore the linkage with IP and immersive scene building, and lack interactive performance programs. “The theme is not obvious enough, and it is not very different from ordinary amusement parks”.

In recent years, relying on the “bear haunting” IP, Fangte theme park has achieved high popularity. Recently, bubble mart, a well-known domestic trendy game enterprise, will also “test the water” offline theme park. Some people also questioned that it has IP but lacks stories.

Need to enhance content R & D

Wei Xiang believes that there are obvious differences between theme parks and tourism real estate. The development logic of theme parks is mainly based on the industrialization of content products and the intellectual property right of content product research and development, that is, IP. However, content research and development needs long-term accumulation and large investment, and local theme parks still have a long way to go.

“Both Shanghai Disney and Beijing universal studios are sitting on a large number of mature IP, which is different from most of the real estate companies that operate theme parks in China. They both have strong content R & D capabilities and can continuously introduce new products that meet market demands.” Wei Xiang said that if local theme parks want to strengthen the IP of content products, they should find the correct development logic of theme parks and compete in the right direction.

International “top stream” theme parks have put pressure on local counterparts, but they also bring learning opportunities, which is conducive to the whole theme park industry. When talking about competition, the relevant person in charge of Changzhou China Dinosaur Park pointed out that China’s market is actually very large, Chinese consumers have many tastes and preferences, and there are still many opportunities for local theme parks.

Wu Ruoshan, deputy director of the cultural tourism policy research center of China Institute of labor relations, believes that if local theme parks want to highlight the encirclement, they need to dig deeply into the connotation of Chinese traditional culture, combine modern fashion trend elements, create Chinese brand symbols and tell Chinese cultural stories. In addition, we should increase support in the fields of policy, finance, capital, talent, technology and basic research, promote the consumption of IP authorized derivatives and supporting facilities, and strengthen the immersive and interactive high-tech amusement experience and the production and presentation means of new performance content.

The compliance Technology Research Institute of Nanfang finance all media group, which has long been concerned about the rights and interests of teenagers and their healthy growth, noted that the report shows that the key events in China’s game industry in 2021 are the protection of minors: more than 80% of minors are regulated by the anti addiction system. The regulatory effect of the anti addiction system is remarkable, and 40% of parents perceive that their children’s game time is shortened.

However, the report also pointed out that how to fully implement real name certification, how to simplify the difficulty of guardian supervision, and how to make strong protection measures shared by the whole industry still need to be solved by all parties.

More than 80% of minors are regulated by the anti addiction system

According to the report, the social responsibility model constructs the model from four dimensions: social value, social service, social impact and social supervision. The dimensions of social services include: the number of public welfare events monitored by enterprises in 2021, the protection status of minors of head products in 2021, and the number of games that infringe on users’ rights and interests notified by the Ministry of industry and information technology in 2021.

In 2021, the overall contribution of the social service dimension to the industrial social responsibility index was positive. More than 80% of minors were regulated by the anti addiction system, and the coincidence monitoring corporate public welfare increased by 53.5% year-on-year. Among them, the protection of minors and public welfare activities are more prominent. The deep-seated factors mainly come from two aspects. On the one hand, some fields represented by the protection of minors have been laid out for a long time, and the achievements have been concentrated in recent years; On the other hand, in some areas represented by public welfare activities, enterprises have rich experience in layout and good feedback, which drives the increase of enterprise layout willingness.

In 2021, the protection of minors is not only the focus of all sectors of society, but also the key issue faced by all game enterprises. On August 30, 2021, the State Press and Publication Administration issued the notice on further strict management to effectively prevent minors from indulging in online games, and the “strictest” Regulations on minors’ anti indulging management were officially implemented. The notice requires that all online game enterprises can only provide one hour service to minors from 20:00 to 21:00 every day on Friday, Saturday, Sunday and legal holidays.

The results of the report show that the protection effect of minors in the game industry will be significantly improved in 2021, and some important results have been achieved. For example, the playing time of minors has been reduced, and 40% of parents significantly perceive that the playing time of children has been shortened. The report believes that this perception is not an illusion. Video games only rank fifth in the ranking of minors’ online entertainment behavior, which is confirmed by each other from other dimensions.

In addition, families also actively participate in the protection of minors. For example, at the family level, 70% of guardians are aware of their responsibilities and understand real name certification, and most guardians have subjective cognition and cognitive depth.

From the perspective of enterprises, first of all, game enterprises take the initiative to try measures with stronger protection. For example, some enterprises have taken the initiative to access the minors’ anti addiction system before being forced to access it; Secondly, game enterprises continue to explore protection optimization schemes, such as the protection measures for minors in the process and post event stages of R & D by some enterprises; Finally, game enterprises carry out publicity on the protection of minors, such as developing functional games, holding publicity meetings, inviting experts to discuss together, etc.

The results show that taking multiple measures at the same time makes the flow of minors in various game enterprises account for less than 1%. According to the Q2 teleconference of Netease games in 2021, the consumption of underage users accounts for less than 1%. As of the first half of 2021, the registered users under the age of 18 accounted for 0.9% and the recharge of registered users under the age of 18 accounted for 0.009%. In the first half of 2021, the Chinese mainland’s underage users only contributed 0.055% of the total game of the tour market. In the first half of 2021, the income of underage players under the age of 18 from Chinese mobile games accounted for about 0.026%.

Supervision of continued overweight measures for the protection of minors

In December 2021, Zhang Yijun, the first vice president of China audio visual and Digital Publishing Association and chairman of the game Working Committee of China Audio Digital Association, stressed at the annual meeting of the game industry that the protection of minors is not only a systematic project, but also a long-term task. He suggested that in the future, we need to “pool joint efforts and form a pattern of joint participation of the whole society”.

The report found that in terms of the protection of minors, the assistance of government agencies is mainly reflected in the introduction of policies, supervision and other aspects. In terms of policy introduction, there are many policies related to the protection of minors issued only by national government agencies, and the time span is nearly 20 years. Government agencies pay close attention to minors. In terms of supervision methods, the protection of minors has successively added functional modules such as healthy game advice, game time limit, recharge amount limit and game real name certification. After many explorations and iterations, the supervision methods have become more diversified. The supervision is also more strict. For example, the length of minors’ games has been shortened from 5 hours a day to only 1 hour under the condition of limited dates and time periods, which helps to reduce the possibility of minors’ addiction to games.

In addition, the association organizations represented by the game Working Committee of China audio and digital Association have actively participated in the refinement and implementation of policies. At this stage, a number of work represented by the group standard of age appropriate tips for online games led by it has been applied to the game industry.

However, with the continuous upgrading of anti addiction measures, black and gray industries such as fraudulent use of adult accounts and online rental and sales have reappeared. This puts forward higher requirements for the coordinated response of the whole game industry.

On September 23, 2021, the game working committee and 213 game enterprises jointly launched the Convention on self discipline against addiction in the online game industry under the guidance of the national competent department, and cooperated with the industry to jointly upgrade the protection of minors.

The report points out that the main body of the game industry chain has also played a role in supervising and filling vacancies. Gamma data test