China into the world's largest P2P market what to do next?

Domestic P2P net loan industry is hurricane. According to the latest report by ChinaNet Credit, China P2P market data show that the total online loan transaction in June exceeded 15.15 billion yuan, an increase of 14.6% compared with the same period of last year; the daily average volume reached 507 million yuan, increased by 19.13% month-on-month and up by 95.59% on a year-on-year basis; Month turnover of billions of platform has reached 32, the total turnover of the country accounted for about half of the total turnover. However, behind the booming prosperity of the net loan industry, the "ice and fire" phenomenon actually appears. On the one hand, the new platform is constantly being added while the "running way" is becoming more and more normalized. In the final analysis, the chaos in P2P industry should be attributed to no barriers to entry, no industry standards and no "three noes" mode of administration. The best solution is to change "three noes" into "three."

P2P lending platform frequently add force

Since 2013, P2P net loans in China's development can be described as "impregnable." Analysys International statistics show that in 2013 China's online loan market reached 92.76 billion yuan, while the first quarter of 2014, China's P2P online lending market reached 30.23 billion yuan. China has surpassed Britain and the United States has become the world's largest P2P trading market.

Currently, the domestic P2P industry is at the end of its lead-in period and is about to enter a fast-growing period. P2P network loan industry in full swing due to its great potential and promising, has attracted many new platforms to join. This year, a number of listed companies or powerful alliances, or cornering overtaking, transformed into a P2P net loan platform of new force. In January, RenRen announced the completion of Series A financing by the end of 2013. The total financing of US $ 130 million is considered the largest single financing in the history of Internet finance. In May, the "Qianhai Ideal Finance" launched by Zhejiang Daily Media Holding Group and Dalian Holding, Kane shares and Zhongjiegufen, launched P2P online loan and investment and financing information service platform, and was specialized in P2P network loan and investment and financing information service . In June, Zhejiang Wanhao Wanjia announced that its Internet financial information service platform "Yellow River Finance" has been put into operation. July 1, by Panda Fireworks spent 100 million yuan P2P platform Silver Lake Network officially launched.

At the same time, the traditional financial institutions are gradually aiming for this industry. Since the end of last year China Merchants Bank launched a platform for small business E home "e + robust financing project", many other banks have also set foot in the field of P2P. In addition, a number of insurance companies have also set up e-commerce sector or a wholly owned subsidiary, intends to fully enter the P2P net loan industry.

In addition, with the increasing popularity of Internet finance, even such "big brothers" as Alibaba, Jingdong Mall and Baidu, which are the leading power suppliers, have launched similar platforms.

The influx of listed companies with capital and creditworthiness, or the signal of the future blowout of P2P industry.

"Gold rush" under the "running wave" surging

Although pokémon Internet finance, such as peer-to-peer online lending, has stimulated the vitality of the market and benefited many people, savage growth has also caused the P2P "runaway" events to intensify, triggering questions and concerns from investors in this emerging industry . According to incomplete statistics, since last October, there have been almost one daily average of one network loan platform broken or collapsed in capital chain. Last year, a total of 77 platforms were closed down, with investors holding funds of more than 1.5 billion yuan. In the first half of this year, at least 50 P2P platforms went bankrupt or "ran" due to such problems as premeditated fraud, platform self-financing, poor operation and bad debts. Up to now, there are 148 platforms that have difficulties in cash withdrawal, loss of cooperation and bankruptcy. Among them, the collapse of platforms such as State Lin Venture Capital, Qianhai Venture Capital, Want Want Loan, Zhuo Zhongli and Internet Campbell is more influential, with tens of thousands Of investors lose everything.

Recently, constant gold loan platform, "running" has aroused widespread concern, not only because it is actually the sixth in June, "running the road" platform, but also because it went online from the "lost" just spent a day, Refreshing the new record speed of net loans runway, it is really alarming. The platform was launched on the morning of June 27 to celebrate the opening of the three-day stopwatch, attracting a large number of second-time visitors. However, unexpectedly, the afternoon of the constant loss of gold boss was lost, resulting in second-team collective thunderbolt.

At present, the P2P net loan market has been at a watershed in polarization, and the "Matthew Effect" in the P2P market will become more apparent in the future: the strong will win market and capital favor while the weak will eventually run or die out naturally. Peng Yong, CEO of Huichen, said: "With the introduction of capital intervention and supervision, the advantages of the platform are highlighted. This will result in the transfer of mass investment users, which will lead to a tense financial fund on the poorly-run platform which will eventually lead to an upward trend of accelerated closure."

With P2P network industry to speed up the reshuffle, to overcome the drawbacks behind the brutal growth, seeking P2P industry restructuring, imperative.

Internet finance how to place?

For frequently appeared P2P chaos and gradually normalized "running" incident, Du Xiaoshan, chairman of China Microfinance Alliance, said P2P's "three noes" - no barriers to entry, no rules of operation, non-regulatory is leading to the network The root cause of the chaos in the loan industry. Du Xiaoshan concluded that P2P websites can not rely on self-discipline, but also need him the law. In accordance with the development experience of foreign P2P, we should change the non-operating threshold, non-operating rules and non-external regulatory "three noes" status into a threshold for entry with basic operation rules (ie, negative list or not allowed to step on the red line Restricted area), there are external supervision of the "three" model, so as to be conducive to the development of P2P industry.

Wu Xiaoling, dean of the Wudaokou School of Finance at Tsinghua University, previously pointed out at the first summit of the new financial union: "In the absence of the credit system in China, it is very difficult for us to conduct a comparative analysis of the creditworthiness of the borrowers. Our country also lacks a property registration system , The lender's assets and his risk tolerance is difficult to make accurate judgments.This is the two bottlenecks restricting the development of P2P industry. "She proposed three regulatory recommendations P2P network lending: First, the pure information platform should be P2P And crowdfunding supervision of the basic bottom line. Second, small decentralization is an important way to protect investors. Third, to encourage private credit companies to establish, the central bank is currently preparing to issue this license. She emphasized that P2P platforms can achieve a relatively healthy development if an online credit system based on e-commerce platforms can establish an independent credit reporting system.

At present, "one party, three associations" are jointly formulating a supervisory strategy for the internet finance industry. Among them, the central bank is responsible for studying and formulating the industry rules for Internet finance and giving general guidance to the industry. The China Securities Regulatory Commission is responsible for the supervision of crowdfunding areas. The CBRC is responsible for formulating and supervising P2P rules. It is understood that the P2P regulatory rules formulated by the CBRC are likely to be released by the end of the year, and their severity may exceed market expectations. As a result, P2P companies may be facing the problem of restructuring and downsizing. Insiders said that in the future P2P or will be implemented licensed business. Regulatory rules of the CBRC will adopt a registration system or a license system for P2P industry access, which has become the focus of attention in the industry. If the registration system is adopted, the regulatory model will become more market-oriented. In the case of a license system, the future P2P will be more similar to a financial institution and the supervision will be tightened. In any case, regulation and industry standardization is overwhelming.