The healthy development of peer-to industry is effective supervision

To the end of the year, the industry has nearly 30 peer announcement to get over 3 billion yuan investment, block boxes, pat loans, favorable nets are said to be tens of millions of dollars in the level of investment, there is more money in the search for the target. Industry, although it is difficult to guarantee that the same high rate of growth, but there is no obstacle to continue to expand the industry, so the development of the 2015-peer will not be too much worse.

In 2014, the industry's annual turnover of about 250 billion yuan, this figure is equivalent to the stock market one business day trading volume, from this point of the industry's capacity is far from saturation, the future development of space is still very large. The number of problem platforms reached 261, compared with 13, the growth rate of 302.68% is frightening. If handled improperly, it will damage the interests of more users, the loss to a certain extent, it is bound to seriously affect the overall peer-to industry's healthy development.

The reasons for the deepening of the risk-to-peer industry are complex: there is a lack of strict supervision, there is the problem of peer-platform self-management, as well as the general public on the peer network credit blindly speculative mentality problems, as well as the Internet-specific credit problems and so on. The faster the industry grows, the more serious the risk, the faster and clearer the regulatory policy will be. How many platforms can be poised when regulatory policy finally lands? believe that many platforms will be severely impacted, either transformed or shut down.

Peer network Credit, the essence of operating debt and claims. Some platforms with 100% earnings guarantee cover pull funds, build an Internet marketing environment, attract hot money inflow, operating very lively, seemingly very successful. However, the repayment of the creditor's interest is not due to the value of the collateral, but is related to the operation and repayment ability of the debtor party. The small micro-enterprise industry status is not high, the scale is too small, or in the entrepreneurial phase, these attributes determine that they can not be like the industry giants have a stable operating income, the ability to continuously repay. From this point of view, there is almost no platform to ensure that all debtors have the ability to repay the principal and interest, to achieve 100% yield guarantee.

In response to these problems, although the supervision of the industry does not provide substantive supervision, but in principle, clear the direction of the basic framework proposed. Judging from the four regulatory red lines and the ten principles of regulation proposed by the CBRC, the future peer-to platform will be transformed into areas where bank credit or bonds are not accessible to the "go-to-security, microfinance, access-three-party escrow system, intermediary services," and "direction."

Non-participation in the guarantee, clear intermediary nature of the industry is of great significance. Firstly, it reduces the risk of platform operation, avoids the credit crisis caused by blind expansion of platform, and causes huge losses to the platform and borrowers. Second, the Guide platform from attracting the attention of the funds to the perfect platform to build up, such as the important information of the lending parties to announce, improve the credit flow, sound Capital withdrawal mechanism, establish the trusteeship system and so on.

Of course, the peer industry to get on the right track, but in principle is clearly not enough norms, but also in the specific supervision of implementation. I think we can start with a few things:

First, increase efforts to encourage traditional financial companies such as securities companies to transform part of their business. Traditional financial companies have the experience and strength to do financial intermediaries, strong sense of law. If some of the securities company's business to network credit, the industry's competitive landscape will be thinking about the direction of regulatory development, to guide other platforms to actively transform.

Second: Set a threshold for a platform that already exists or is about to become a peer. The 14 regulatory principles should be implemented. It is advisable to proceed incrementally, with steps to advance, not radical radicalism. It also helps to solve the long-established problems in the industry.

Thirdly, we should establish a system of supervision and examination, supervise the operation of each platform, and examine the specific situation of borrowing and lending parties in each platform. This can effectively regulate the flow of funds, the establishment of credit data, the development of the industry is very helpful.

The industry has accumulated a lot of problems after 7 years of savage development. Solving these problems is not just a matter for the regulators, but for all the participants in the platform. Hope, 2015-to-Peer industry regulatory environment is not too loose, operating less than 12 hours to announce the escape of the constant gold loan, registered in the meat market, the most rotten platform of the crowd loans and other wonderful platform less appearance the better.

The healthy development of peer-to industry is effective supervision