Cai Enze: P2P Counter Attack Warming Crisis

Despite the breathtaking news of the "running tide" and the capital chain breakage, the charm of the P2P industry is still undiminished. In September, the P2P platform added 80 new units, up 48% from the number of new platforms in August.

As of the end of September, the total number of P2P platforms in China was 1336.

Large capital presence has brought momentum to the P2P platform in 2014.

A large number of veteran players are coming to this market with the trend of big guys. Internet companies have made the first move, and traditional enterprises are not to be outdone. They have entered the P2P industry.

For a while, P2P became the highlight of Internet Finance in 2014.

The capital's bewildness of P2P is not unpredictable.

First of all, the pursuit of capital makes P2P thrive.

China's investment channels are narrow, while private capital has a lot of spare cash.

Chinese consumers do not have too many investment choices, and money and funds often start at 50 thousand yuan. The threshold is very high, and the majority of the people are outside the door.

Secondly, small and micro enterprises and personal loans are difficult to make P2P flow.

Banks are very fond of rich and poor. They have little interest in loans to small and micro businesses and individuals. Even if they lend money, their approval procedures are cumbersome.

Banks are reluctant to lend money to large enterprises, rather than pulling small and micro businesses, resulting in many small and micro enterprises unsustainable.

This gives P2P net loan a chance to play.

Again, entry threshold is low.

Because P2P regulation is still at a laissez faire stage, there is no qualification threshold for P2P net lending.

Get a template, register a domain name, find a third party payment, recruit customer service can be opened online, this opens the door to entrepreneurs.

The risk of P2P net loan is self-evident. In our country, most of the institutions that exist in the name of P2P are directly or indirectly involved in debt and debt relations, and have actually become financing platforms, which easily breed illegal fund-raising activities.

Its risks are mainly reflected in four aspects:

First, under the guise of P2P, self financing is a reality. Part of P2P is pformed into a private online fund-raising platform.

The so-called self fusion is that they own the boss of the entity business to open a net loan platform on the Internet, and the funds that are absorbed on the Internet are mainly used for pfusion to their own enterprises or affiliated enterprises.

Two, entrepreneurs lack experience and low sense of risk.

Some entrepreneurs do not want to use P2P to collect money subjectively, but objectively, as the scale of the network loan platform is bigger and bigger, there will be a large number of fundraising. Entrepreneurs are unprepared. Once they can not find the demand for funds, they will lead to idle funds and bear high interest risks and form a chain of funds.

For example, "dismantling" has accumulated a lot of risks.

"Dismantling" is to split a loan target into different maturities and amounts, and repackage it to investors, that is, to use short-term funds to lend to long-term financiers, such as seconds and sky standards. Platforms often have to pay back capital and bear certain financial pressure and risk.

Three, the P2P platform has intermediate account funds.

The intermediate funds account lacks supervision.

The intermediate capital account is a buffer zone. Its opening is mainly for paction verification and posting. It is an important part of the P2P platform.

But at the moment, capital accounts are generally away from regulation, and the allocation of funds is still in the hands of the P2P platform.

If there is no strict control over time differences and clauses, the deposit of intermediate accounts will lead to moral hazard inevitably.

Four is subjectivity.

Fraud, from the beginning, to build such a P2P network loan platform is illegal.

Some net loan platforms use the advantage of credit card interest free repayment, under the guise of P2P net loan, actually carry out the credit card cash business.

Because credit cards usually have a one month interest free period, considering the risk of capital turnover, P2P net loan companies often choose short-term targets of 10 days, 15 days and 20 days.

When the target is due, the credit card will be repaid and the interest on the loan will be harvested.

This is to use the bank's money to acquire the interest of the borrower.

It is on the eve of the great revolution.

In order to curb the risks of the industry, the state has made clear that P2P is under the supervision of the CBRC, and the third party payment is managed by the central bank. This default supervision method will be promulgated through the written regulations.

At present, the regulatory authorities have set the P2P business boundary, mainly including four red lines: one is to clarify the intermediary nature of the platform, the other is to make sure that the platform itself is not allowed to provide guarantee, three is not to engage in the pool of funds, and the four is not to illegally absorb the deposits of the public. The two is to define the platform's intermediaries.

It can be concluded that regulation is coming to an end. Once the boots are landing, the P2P industry will surely have a shuffle of shuffle, and most P2P nets will be "cleaned".

And the P2P market in the future will be those P2P giants who are strong and deeply ploughing the market.