Internet Financial Enterprise operating policy is not sound, look at the mature market in the United States how to do

Recently, the financial sector in two sharp contrast to the big event, one is the stock market, prev record 7-year high, optimists more think 2015 Prev can on the 5,100 points; on the one hand, emerging internet finance recently trouble, a number of Peer-to-peer giants are now huge bad debts, causing a public outcry. As two important channels for investment, is it normal for this to disappear?

Stock markets often represent a country's economic barometer, deepening the reform, "the Internet" to drive the transformation of traditional enterprises, the two countries cut GDP growth target this year, the government work report will be "stability and improve macroeconomic policy" as the first priority, taking into account the end of last year, the central increase in railway, water conservancy and other infrastructure construction investment, through " All the way "to encourage enterprises to participate in infrastructure construction abroad, the policy of growth is actually strengthening." The size of the fiscal deficit has widened to 2.3%, and the actual deficit could reach around 2.7% this year as a result of fiscal spending balances in 2014, reversing the tightening of fiscal spending in the second half of last year. There is a large space between the inflation target and the current real inflation data, and the central bank's loose monetary policy will continue. The gradual implementation of various reforms in the economic field will help to further stimulate the vitality of enterprises and build more long-term economic growth momentum. A series of favorable circumstances, no wonder the optimists have bullish 5,100 points.

The birth of Internet finance, the original purpose is to help long tail enterprises to obtain capital demand, the traditional banking business model, is centralized centralization of business model, savers through the unification platform to the bank's capital pool, the bank through the interest margin to obtain profits through the loan interest balance to make up the loan default loss. The amount of single risk that it undertakes is often large, and meet the bank lending standards are often on the scale of enterprises, and by the domestic economic development stage, often the relationship is very strong, such as real estate loans in the proportion of bank loans too high, once an industry recession, the bank bad debt rate will rise rapidly. The financial value of the Internet is to center, small individuals, through the Internet link each other, the formation of a new ecology. At one time, internet finance was also expected to replace the function of traditional banks, while avoiding the risk of private lending out of control, as in China is still immature stage, the pain is inevitable, what we can do now is how to build a sound and mature internet financial market.

How do we choose to solve the dilemma of Peer-to-peer?

Does raising the registered capital work?

In the uproar of bad debts, some people proposed to improve the Peer-to-peer industry registered capital, in order to increase the liquidity of capital, but the industry believes that there are many problems in the registered capital of Chinese enterprises, even if the registered capital Paid-in, there will be a degree of real problem, and some areas of industrial and commercial registration, has abolished the concept of registered capital. Even from the 30 million registered capital to 50 million, I am afraid it is only a form of comfort.

Business Operation Policy is not perfect

Peer-to-peer industry is a "very bad money" industry, to get enough capital, emerging peer-to-peer companies will launch high interest-rate wealth management products and new user privileges to gain popularity and capital support by rapidly expanding access to venture capital, and when there is not enough reliable capital inflows, Many Peer-to-peer enterprises will continue to obtain the user funds through various activities, in addition to their own many platform credit endorsement difficult to support the long-term investors, thirst can only solve the immediate problem, once there is no more financing, investors, coupled with the quality of the borrower's audit difficult to control, it is easy to have a capital break, Helpless to run.

The current Peer-to-peer industry is not standardized, there are some of the platform in troubled waters, by the Internet financial cover to absorb the user funds, and finally run, in the Peer-to-peer industry is the most popular than "wool" and step on the thunder, because they are directed at the new platform Tares point of wool on the leave. The key to Peer-to-peer platform is the quality of investment customers and quality borrowers, peer-to-peer mission is to absorb long tail funds to help some long tail enterprises, immature market mechanisms and lack of adequate credit endorsement, lack of sound regulatory mechanisms, in the future, Peer-to-peer bad debts will still occur, Wait until the market mechanism has been perfected, forming several large-scale, survival of the enterprise, is the Chinese peer-to-peer Spring, as the stock market, after 06 years of madness We sober up, the mechanism is more mature, more rational choice of investment, but no longer blind entourage.

Information asymmetry is difficult to solve

Because the information asymmetry, many investors are very difficult to fully understand a peer-to-peer platform of the real situation, for the user's risk preference is more recognized by a well-known guarantee agencies, for some professional investors, may also pay attention to your corporate background, registered capital, trading leverage. Only in the open, so that users have a certain guarantee, in order to achieve a total win.

What is the mature market in the United States?

The two largest Peer-to-peer companies in the United States, prosper and LC divide the risk level into 7 categories, different categories of small groups of different background types, different risk levels corresponding to 6%-31 (25)% of the interest, investors through different "filter" indicators to choose their own combination of risk/return ratio. Everyone's risk appetite is different, the key to the American Peer-to-peer business model is that it's real and reliable and allows investors to invest as a reference. According to the history of the LC, 99% of the 200-contract portfolio has been rewarded. The current domestic Peer-to-peer platform is more like a mortgage character gambling.

The internet has brought innovation, but also bring a lot of trouble, need to face some unprepared pain, the current Peer-to-peer platform run, bad debts and so many people attributed to the adverse regulation, of course, this is only one of the point, as a platform, the excessive pursuit of capital injection, and ignore the risk, as well as product design unreasonable, Information disclosure is not comprehensive, resulting in investors and lenders can not achieve mutual trust, one side of the default will lead to the platform imbalance.

Human greed, where to go to make money, the stock market, Peer-to-peer is a game of capital, the user is just according to the rules to obtain benefits. What companies and regulators have to do is make the right rules so that the game can win and play together.