Peer-to-peer Network loan platform risk again sounded the alarm

Peer-to-peer Network loan platform risk again sounded the alarm. 28th, Red Ridge Venture Chairman Zhou Shiping Post said, "Bad come, slowly digest it." The Red Ridge, the official release of the news that the incident "involved in the total amount of loans 100 million yuan, because the case is complex, has been in Guangzhou, the investigation report, at the same time in Shenzhen Futian court." Since the disposal of the collateral takes a long time, all maturities will be paid in advance by the Red Ridge venture from September 10. ”

In late August, there are news that many large and medium-sized paper traders in Guangzhou area problems, a number of private enterprise bosses collectively "lost." Among them, the most well-known for "Guangzhou Jinshan Joint Paper Co., Ltd.". According to insiders, the company's debt to the bank is feared to exceed 1 billion yuan. and Red Ridge Venture is involved in Guangzhou paper this storm, Zhou Shiping refers to "bad" that is the platform for the 4 paper companies in Guangzhou to provide loans, and these companies or have "run away."

Red Ridge Venture Investment in the loan project information display, Guangzhou Jinshan Union Paper Co., Ltd., Guangzhou Tsui Moon paper, Guangzhou Lin Feng stationery industry, Guangzhou Ming Rui Trade, the 4 paper companies, has been to the Red Ridge Venture Investment, the first two companies to borrow the amount of 20 million yuan, 30 million yuan, after two of the company's borrowing amount of 25 million yuan. The above 4 loan items, the expiration date is November 12, 2014, September 13, 2014, October 30, 2014, October 18, 2014 respectively.

Zhou Shiping said, because the warehouse goods are now seized by the court, other assets are looking for, the current incident to the Red Ridge to bring the biggest loss may be 100 million yuan principal plus interest. "There are currently seven banks involved, in the disposal of movable property, the bank has priority, but at present, Red Ridge venture in the guarantor to obtain the initiative, the current law firm acting as guarantor to negotiate, is a project equity assessment, the guarantor is willing to swap debt to deal with the Red Ridge to create 100 million yuan of claims. "Zhou Shiping said.

According to the data of the Institute of Net loan, the 4 loan items are divided into 14 standard, the sum of the principal is 100 million yuan, and the principal and interest amounts to 1 53.1 billion yuan, involving 4567 people, the investment amount is 21,900 yuan. Red Ridge venture into the bad debts, is the biggest "bad" record in China's peer-to-peer history.

NET Loan family researcher Yang Lingyu pointed out that the Red Ridge Venture investment in the recent rising popularity, at the end of June, the number of investment to be collected is 20506 people, July at the end of 24624 people. As at August 27, 2014, the number of investments to be received by the platform has reached 29638, and the outstanding amount of the top 10 pending investors accounts for 4.21% of the total amount to be collected. As of August 27, the total amount of the platform will remain at 2.818 billion yuan.

For investors accused of the "wind control is not in place" problem, Zhou Shiping that Red Ridge to create the wind control system without loopholes, but chattel mortgage also has an uncontrollable risk. He explained that the incident for the Enterprise and warehouse Logistics Partnership crime, the goods are repeatedly mortgaged to the bank loan. Fortunately, after the loan management found timely, and the first time to the investigation report processing, has seized the warehouse, the collection department has intervened and cooperate with the court to find other related assets.