Zhongcheng Qingtai Jinan Institute Organized Online Symposium on Resolving Microfinance Disputes
Published:
2022-03-16
At present, the rapid development of social economy has also brought about the explosive growth of non-performing creditor's rights. Although there is a relatively mature digestion mechanism for large amount of non-performing assets in the market, the current society lacks the corresponding governance and digestion ability due to the business characteristics of large number, small amount, poor connection and low quality of creditor's rights. In the case of small batches of non-performing debts, financial institutions have been facing the helpless situation of difficult collection and litigation. In order to explore the way to deal with microfinance disputes under the new situation and resolve the risks of small batch business of banks, Zhongcheng Qingtai Jinan Institute organized an online forum on resolving microfinance disputes on March 15, 2022. Lawyer Tang Xiangdong, Deputy Director of Zhongcheng Qingtai Jinan Institute, Lawyer Yu Cuilan, Partner Zhao Bin and Lawyer Zhang Hao, Director of Financial Investment Department I, Duan Yijin, Secretary General of Shandong Financial Industry Federation, Zhang Zhenwei, Deputy Secretary General, Gao Qiang, full-time Deputy Director, Secretary General, Party Secretary and Director of Weifang Arbitration Commission Office, Zhang Chao, Director of Weifang Commercial Mediation Center and other relevant leaders attended the online forum. Lawyer Yu Cuilan presided over the meeting and introduced to the participants the specific situation of non-performing microfinance business in the current market, analyzed the new opportunities brought about by the issuance of the Notice on the Pilot Transfer of Non-performing Loans issued by the China Banking and Insurance Regulatory Commission in early 2021, and shared the long-term experience accumulated by Zhongcheng Qingtai's financial team in handling batch microfinance cases. Secretary-General Duan Yijin introduced the membership structure and business model of the Shandong Financial Industry Federation, a 5A-level social organization, and emphatically introduced the financial dispute mediation center of the Shandong Financial Industry Federation established by the organization, as well as the relevant work and exploration made by the center in promoting the construction of the "secondary mediation docking" and "litigation mediation docking" mechanism. Director Gao Qiang explained in detail the one-stop financial dispute resolution mechanism for mediation and arbitration litigation initiated by Weifang Arbitration Commission. Director Gao Qiang said that Weifang Arbitration Commission has a long-term vision, a high degree of innovation, advanced technical conditions and sound institutional mechanisms, and has been brave in exploring the handling of bad microfinance business. After that, Director Zhang Chao introduced the business model and future business plan of Weifang Commercial Mediation Center, the only special mediation institution established by the Arbitration Commission and approved by the establishment department. Lawyer Tang Xiangdong of Zhongcheng Qingtai Jinan Institute reviewed the long-term good cooperative relationship with Shandong Financial Industry Federation and various arbitration committees, and looked forward to the achievements that all parties will make in the field of batch non-performing disposal of microfinance in the future, and hoped that through the combination of "strong committee", "strong committee" and "strong institute", a new model for resolving the small non-performing assets of financial institutions through the cooperation of all parties has been explored. The participants fully affirmed the significance of this meeting and looked forward to further strengthening cooperation among all parties in the follow-up.
At present, the rapid development of social economy has also brought about the explosive growth of non-performing creditor's rights. Although there is a relatively mature digestion mechanism for large amount of non-performing assets in the market, the current society lacks the corresponding governance and digestion ability due to the business characteristics of large number, small amount, poor connection and low quality of creditor's rights. In the case of small batches of non-performing debts, financial institutions have been facing the helpless situation of difficult collection and litigation.
In order to explore the way to deal with microfinance disputes under the new situation and resolve the risks of small batch business of banks, Zhongcheng Qingtai Jinan Institute organized an online forum on resolving microfinance disputes on March 15, 2022. Lawyer Tang Xiangdong, Deputy Director of Zhongcheng Qingtai Jinan Institute, Lawyer Yu Cuilan, Partner Zhao Bin and Lawyer Zhang Hao, Director of Financial Investment Department I, Duan Yijin, Secretary General of Shandong Financial Industry Federation, Zhang Zhenwei, Deputy Secretary General, Gao Qiang, full-time Deputy Director, Secretary General, Party Secretary and Director of Weifang Arbitration Commission Office, Zhang Chao, Director of Weifang Commercial Mediation Center and other relevant leaders attended the online forum.
Lawyer Yu Cuilan presided over the meeting and introduced to the participants the specific situation of non-performing microfinance business in the current market, analyzed the new opportunities brought about by the issuance of the Notice on the Pilot Transfer of Non-performing Loans issued by the China Banking and Insurance Regulatory Commission in early 2021, and shared the long-term experience accumulated by Zhongcheng Qingtai's financial team in handling batch microfinance cases.
Secretary-General Duan Yijin introduced the membership structure and business model of the Shandong Financial Industry Federation, a 5A-level social organization, and emphatically introduced the financial dispute mediation center of the Shandong Financial Industry Federation established by the organization, as well as the relevant work and exploration made by the center in promoting the construction of the "secondary mediation docking" and "litigation mediation docking" mechanism.
Director Gao Qiang explained in detail the one-stop financial dispute resolution mechanism for mediation and arbitration litigation initiated by Weifang Arbitration Commission. Director Gao Qiang said that Weifang Arbitration Commission has a long-term vision, a high degree of innovation, advanced technical conditions and sound institutional mechanisms, and has been brave in exploring the handling of bad microfinance business. After that, Director Zhang Chao introduced the business model and future business plan of Weifang Commercial Mediation Center, the only special mediation institution established by the Arbitration Commission and approved by the establishment department.
Lawyer Tang Xiangdong of Zhongcheng Qingtai Jinan Institute reviewed the long-term good cooperative relationship with Shandong Financial Industry Federation and various arbitration committees, and looked forward to the achievements that all parties will make in the field of batch non-performing disposal of microfinance in the future, and hoped that through the combination of "strong committee", "strong committee" and "strong institute", a new model for resolving the small non-performing assets of financial institutions through the cooperation of all parties has been explored. The participants fully affirmed the significance of this meeting and looked forward to further strengthening cooperation among all parties in the follow-up.
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