Letter 800 million loan bad suspense: business expansion fast

Summary: According to the Hong Kong Media news agency, the letter is 800 million loans have been bad debts, the subject of the loan has been a number of lawsuits, the appropriate letter even if the application of asset preservation, it is difficult to recover all the arrears. According to people familiar with the matter, the letter seems to fall into a well-designed trap that bad companies

According to the Hong Kong news agency, the 800 million loan has already been bad debts, the subject of the loan has been sued many cases, it is difficult to recover all the arrears even if the application for asset preservation.

According to people familiar with the matter, the letter seems to fall into a well-designed "trap", the bad company itself is a shell company, due diligence of the bank running water is false, collateral is the Northeast 4 line of the city below the uncompleted building.

The financial and wealth management business has been focused on risk management for more than 8 years, seeking to provide professional services under risk-controllable conditions, the letter said in a statement issued late today. The relevant network media reports are inconsistent with the facts, the letter is actively follow up.

We should fully understand the importance of stroke control in the financial innovation process, and devote a great deal of manpower and resources to perfect the wind control system. At present, the smooth development of all aspects of the work, risk controllable, for the 2014 and the future is full of confidence.

Yi Xin CEO Downing did not respond to this, a letter insiders to Tencent Technology, is and the company's various departments to communicate, is to troubleshoot which links appear problems, not ruled out is the competitor deliberately attack the letter.

But this can not dispel the outside doubt, even a stone stirred thousand layers of waves, the letter 800 million loan bad debts caused the industry to the letter and its Peer-to-peer business intense concern, and even stimulate the outside world to peer-to-peer industry, financial break and other evil deeds "denounced."

According to reports, since 2014, there have been at least 12 peer-to-peer platforms in the country that have closed or gone. According to statistics, in the Peer-to-peer network loan platform, Pat loan of the bad debt rate between 5-8%, and the appropriate letter, everyone loan bad debt rate turnover, everyone loans for 1.38%, financial wealth for 1.93%. According to relevant statistics, 2013 Peer-to-peer Network loan industry turnover of up to 105.8 billion yuan.

A post on the 2013-year Peer-to-peer Getaway list has also been widely disseminated, listing 85 of the Peer-to-peer platforms that run or fail, with 75 in 2013 and 10 in the first one months of 2014. In addition to the use of peer-to-peer innovative models to cheat the money of the few companies, most companies are not operating capacity, the risk of peer-to-peer assessment of the lack of business failure.

However, a number of people from the peer-to-peer industry have pointed out that the 800 million loan bad loans outbreak of this letter is not directly related to its Peer-to-peer business, but due to the two-year letter to the big project extension to do similar real estate fund business.

Data show that the trust has wealth management and the two major financial services, in the original Peer-to-peer model has been derived from T2P (trust to individuals), b2p (bank to individuals) and other ways, the source of more diverse sources of funds. In recent years, it has also been developing to major projects.

Everyone enrichment CEO Xu Jianwen pointed out that the letter is similar to Noah's wealth, that is, extending to the upstream project of the industrial chain, but the trust and fund itself risks, especially the economy is in the downward channel, involved in the three or four-line real estate projects prone to problems.

Xu Jianwen said that the letter should be small micro-finance business, involved in major projects belong to the new recruits, the current letter of credit has been done to 30 billion yuan scale, to 3% of bad debts, the total of 900 million yuan, the burst of 800 million bad debts are still within manageable range. But if the problem is not solved, it may not only affect the wealth of the letter, but may also spill over into its peer-to-peer business.

Another peer-to-peer industry leader pointed out that this letter to reflect the reflection of the problem reflects its low line control capacity, the bank has a credit system does not open the Peer-to-peer business, the letter extension line business also increased costs and difficulties. The 800 million loan bad loans burst is a peer-to-peer industry event, the most fear is triggered run phenomenon, may lead to government supervision and strengthening.

In response to the outbreak of the letter of the crisis, Pat Loan CEO Zhang Blunt, peer-to-peer industry there are some opaque risks, especially offline business, only under the supervision of the Government, the entire industry can be more orderly and healthy operation.

Interestingly, Yan, vice chairman of the CBRC, said in the Boao forum that according to the State Council's recent decision to strengthen the development of Internet finance, regulation and supervision, the regulatory departments have probably done a division of labor. The State Council decided that the CBRC would take the lead in the study of Peer-to-peer supervision. This is the first time the CBRC has confirmed the dominance of peer-to-peer supervision.