See P2P net loan seven roles world network operators [i] Note P2P industry is in a chaos of regulatory gaps in the industry, a number of players, the rules yet, see the net loan chain in the role of each party, and helps us to grasp the overall status of the industry, to do in the future a reasonable expectation. Text / Mei Ting experienced last November P2P collapse after the incident outside the industry news continued. Recently, the central bank sound, noting the three red P2P industry, Zhejiang Economic and Information Commission issued policies which prohibit the financing guarantee companies involved in P2P industry. Meanwhile, the market rumors, Shanghai will also publish similar ordinances. It seems the government level, for P2P supervision, rectify the determination and strength has been strengthened, rules have gradually developed and introduced. P2P industry chaos, good and bad, it is indisputable fact.
No regulation, no threshold, no standard cause a run on the entire net loan market, Piandai, collapse, the situation on foot, occur. In order to protect the interests of investors, standardized platform behavior, and promote the healthy development of the market of P2P industry it is indeed necessary for proper clean up, but at the same time governance, we can not, regardless of whether that strangle the road ahead of the industry. Therefore, we need to sort P2P industry context, the parties to clarify responsibilities, develop a code of conduct. From now on the P2P platform business point of view, many participants can be divided into investors, lenders, security companies, small loan companies, P2P platforms. According to predictions of the future, it is likely to also introduce the central bank supervision and bank funding hosting platform. So, P2P industry will form the following 7 Role: First, the central bank: any financial services regulation, no supervision is inconceivable. Lack of supervision, guidance, constraints, financial innovation management, and ultimately their own doom. For P2P, the current is very suitable financial institutions need to be regulated and set barriers to entry, conditions and basic business scope, operating laws and regulations, specifically what to do and what not to do. In contrast, P2P service, paid compared to other types of third-party Internet banking platform more complex and varied. The slightest mistake, it will cause a lot of financial risk, resulting in lending disputes, credit default, fraud Piandai, produce a lot of social instability. But at this stage the central bank failed to put in place regulatory P2P industry, there are two reasons: First, create a new P2P platform without any technical barriers, quite simple, so that the massive variety of P2P platforms emerge, it is difficult to control, inconvenient regulation; second , P2P development model, the market failed to have a clear direction, the central bank neither laissez-faire, and can not be interrupted industry innovation, regulatory elements and scales uncertain grasp. After the central bank to conduct research on P2P long time, in addition to generally designated illegal fund-raising, illegal deposits from the public, but has not issued detailed rules and regulations, but also does not reflect the proactive attitude advance.
However, we refer to third-party payment platform development experience, the central bank in the future may be in the form of a license to establish access to management practices in the form of standardized operations. Second, the platform: moderately complex compared to overseas P2P platform, existing P2P platform in the country, in addition to pat loans, the vast majority are combining online and offline mode. Moreover, capital protection, capital pool, maturity mismatches, credit transfer, from the financial and other, various operating modes have emerged P2P platform in the domestic lending business brokered mediation functions, complex more other factors. On the P2P platform, the core competitiveness as risk control, the core customer base for our investors. Wind control, in order to protect investment security, protect the interests of investors, including the lender's credit review mechanism, centralized loan amount, loan period setting, default risk compensation system, interest, capital or dispersed match, by analyzing the process, field surveys, and other mechanisms designed to reduce bad debt rates. Thus, after long-term development and optimization, in order to accumulation of the brand and credibility to promote the development of the platform. However, due to immature personal credit system, imperfect. Domestic P2P platform, it is difficult to achieve with the United States, like Lending Club, through third Fang Zhengxin system, access to the lender of detailed and complete credit rating, and as an important basis for the loan audits. Moreover, loan defaults occur platform for overdue bad debts, the country will also acquire the same lack of packaged professional investors and institutions. Therefore, we can not copy foreign models, P2P platform for moderate business complex is necessary is necessary. Third, the Bank: Managed funds from financing, capital pool or maturity mismatch etc., based P2P platform that inflow and outflow of funds through various means to control. In the case of the current industry benchmark and a lack of market conduct, the platform of Funds quite dangerous, there are many security risks. Cash flow is no regulation of financial services, it will inevitably lead to a huge risk. To this end, the funds separate platform. Let return to the essence of mediation P2P platform, focused information matching, and the delivery of funds banking supervision, as third-party payment to reserve entrust banking supervision in general. Thus, on the one hand, it is possible to clarify the operational processes, improve investor confidence and enhance the credibility of the platform, on the other hand, to establish the basic norms of the industry, to promote self-financing, funding pool or maturity mismatch and other irregularities significantly reduce unsafe mode, protection the interests of investors and maintain market order, to avoid major risks. Fourth, investors and lenders to investors, safe in profitability. Choose platform, select items, become critical. On the current actual situation P2P industry factors investors need to consider and weigh the many qualification background platform, registered capital, the lender's solvency, risk of default, the guarantee mechanism secured party, the compensatory amount, project finance risk, mortgage collateral and the like. Investors invest in P2P platform does not fully delineated or project lender's credit rating, elfen lied cosplay as the sole basis for judging their own need to be analyzed.
Also, for safety reasons, decentralized and small investment principles, and it must be followed. In addition, as long as the investment, will be at risk, some investors to cash in credit card loans and other forms of investment, if the investment fails or loan extension, will definitely lead to greater passive investor and losses. For the lender, on the platform, the project should be published according to their actual funding requirements and solvency. Accumulated through real lending business credit rating, rather than the way the brush credit to mislead investors, can not even malicious Piandai, cover the loan. And, with the development of the wind industry to strengthen control in the future, \u0026 ldquo; P2P + + mortgage financing secured pledges \u0026 rdquo; pattern will become the market mainstream, pure space inevitably shrinking credit. Fifth, security companies: the first third-party guarantee from Hongling venture capital guarantee system since, \u0026 ldquo; P2P + loan guarantees \u0026 rdquo; become mainstream, whether it is the provision for guarantees, the platform itself guarantee or guarantee company guarantee. Currently, 99% of the principal amount of advance commitments P2P platforms, as the basic rules of the industry. This is our national conditions, and in the absence of regulation, credit insufficiency, the availability of funding difficult to cosplay costumes for sale control, if not a third party to make a guarantee on the safety of borrowed funds, it is difficult to attract investors, the industry can not develop rapidly. Pat-prime route not insist on guarantees, mainly because of its established earlier, big brand, we have gathered a group of loyal customers, a high degree of recognition and trust of its models. And other platforms, especially the new platform, there is no guarantee, business could hardly carry. Now P2P loan guarantees, the platform itself is divided into Guarantee and Guarantee Corporation guarantee. The current laws and regulations, and corporate individuals can serve as guarantors. Guarantee respect of their own platform, there are two major problems, one, compensatory overrun. With 808 loans, 365 loans, for example, the registered capital of 5 million, respectively, 1,000,000, while the platform nearly a year of basic loan amount of 10 billion yuan. Although the platform itself guarantee may cover bad debt rate, but once mass default occurs, beyond the platform solvency, loan guarantees will exist in name only. Second, the registered capital of real to the enemy. On the market, there is a large number of agents registered companies, only Shanghai, the registered one million yuan of the company, cost only about 20,000 yuan, P2P platform is based on real own funds registration, it is difficult to determine, and even the possibility of shell companies . And guarantee respect security company, according to the rules, the balance of the financing guarantee liability shall not exceed 10 times its net assets. Financing guarantee liability balance financing guarantee company offered a single guarantor shall not exceed 10% of net assets, the balance of responsibility for financing guarantee is provided by a single guarantor and its affiliates shall not exceed 15% of net assets. In this calculation, the majority of P2P guarantee companies, security capabilities are significantly weak. And, P2P platform to introduce the security company, whether the requirements of the business model as a general security companies and banks, in order to guarantee and pay the mortgage pledge form as the backup, is still not clearly defined. Moreover, a large number of security companies are P2P platform affiliates or subsidiaries.
From a business perspective, with third-party security companies to guarantee loans to projects, it is essential. A total ban on guarantees, would greatly restrict the further development of net loan. We need to define and clarify the threshold guarantees, conditions, form and size, uniform standards and rules, both to expand the business scope of the security company, but also to enhance the level of risk control platform, will regulate the industry behavior in order to promote win-win situation . Six small loans companies: small loans company through P2P channels in the east, have on-line, the Internet-based. So to speak, and now 90 percent of P2P and small loans are inextricably inextricably linked. Some P2P is the platform type, number of small loans polymerization, some P2P is directly attributable to the small loan companies. Small loan company to P2P, the logic is simple. First, break geographical restrictions, increase the number of customers. At present the company's supervision of small loans, small business loans will be limited to companies within the region, not places to conduct business. The P2P via the Internet, can be realized across the regions of the country, whereby, attract more customers resources, rapidly improve business metrics. Second, breaking the scale of financing and lending. According to regulations, the company's lending small loans up to a maximum of 1.5 times the amount of registered capital, Hunan and other places even if the leverage ratio raised to three times can not and do not have any constraints as compared to P2P. At the same time, small loans companies can not absorb public deposits, in addition to the shareholders and banks, financing channels are limited.
The various types of preferred plan P2P platform, financial plan, but it is a real pool of money, a lot of people gather investment funds. Although P2P market size, the smaller the loan market are still significant gaps, but death note for sale the Internet can not be ignored financial energy, power, and the growth rate is also well known, small loans companies will further conversion to P2P. However, the traditional small business loans weight mode and can not fully meet the light flow of Internet banking, small loans companies need reengineering, model innovation, otherwise it will be out of the market. In the current situation, the small loan company will become the P2P system, an important role, acting as distributors of funds, provides investment project pipeline, loan guarantees and re-re-review. (This article first appeared in the i world network operators, please indicate the source)