A Peer-to-peer survey: a run-by-run collapse has 40% of dollars in High-yield circles

A storm is brewing in peer-to-peer industry, the high risk of internet finance exposed the tip of the iceberg.

Recently, known as "the country's most professional high income security Network investment loan platform," The days of the loan, running six months after a run was forced to stop, and was the local police in Hubei illegal suction deposit case. In addition, the bank loans, Sichuan Credit and Oriental ventures, such as the emergence and repayment problems. Since October, a number of peer-to-peer companies are facing a run risk, investors have lost their high returns, investors are difficult to recover the plight of capital.

This reporter investigation found that peer-to-peer in the absence of the threshold, unregulated status under the brutal growth of the entire industry, a number of companies with more than 30%, 40% of the high income wantonly circle of money, but after the money to lend at all can not achieve such a high return, troupes soon led to a run or even closed. At the same time, false labels, fake contracts flooded into the industry in the open secret, money easily diverted. A number of small and vulnerable platforms are also often hit by hackers, platform paralysis repeatedly occurred, investors panic.

Once an accident, peer-to-peer companies tend to "drag" the word to solve, investors dilemma, because the big investors worry about not return money mostly give up the alarm, small investors alarm but the amount is too small to file, Peer-to-peer bosses are no need to run, and then just like squeeze toothpaste to maintain a small amount, it can drift away from the law.

The collapse of a run

The lender's investors are defending themselves in a unique way, writing letters to local leaders, receiving media interviews and actively mediating with the company. "Starting to think that this industry is very good to do, the results found to be a big pit!" "Net Loan House general manager Zhu Mingchun so sigh.

Tian Li is a peer-to-peer company in Xiaogan, Hubei Province, operates only half a year more time. In the last few days of September, investors suddenly found it impossible to bring the present, although the company occasionally announced progress, but investors into anxiety, investors have run to the company debt, but the company deserted.

According to the net loan home statistics, as of September 28, the number of days of loan investors involved 1176 people, the number of borrowers for 22 people, the total amount of financing of about 287 million yuan, which has not yet cost 75.32 million yuan.

Other platforms run risk has also emerged, the recent bank loans, Sichuan Credit, East venture gradually appeared and repayment problems, involving funds in between 100 million or 200 million. More platform risk is further exposed, according to reporters from the net loan home learned that there are several early run risk, "some may still survive the crisis, so temporarily can not disclose the name, so that investors recover losses." ”

The most recent risk of peer-to-peer is the industry's turmoil. "The cost of opening a Peer-to-peer company is fast, some for the sake of circle money, such as some of their own small loans to the company's enterprises, there are purely to get out of the money to go, to splurge; there are betting on the listing but eventually fell, there are high interest customers into liquidity risk ..." a large peer-to-peer company in Shenzhen said Have a professional wind control team of Peer-to-peer company only in 20% up and down, the company is not a professional person-led, in this industry bravely left blunt right.

Reporter learned that the industry to enter the threshold of electricity, often only about 300,000 of the funds, 35 people can open a platform, free financial supervision. But Peer-to-peer actually has the function of the bank, such as through the Internet to absorb customer funds, and then lend money. Peer-to-peer business is generally just as a platform middleman, only on the Internet to match the funds and the borrower transactions, does not involve the use of specific funds and management, "but these platforms are almost able to deploy their own use of funds, peer-to-peer real and private fund-raising have a similar place, just from the line down to the line, different channels." "These big peer-to-peer companies are so analytical about the industry.

A desperate gamble.

In Peer-to-peer industries, the game can continue as long as you can continue to circle enough money. Therefore, the high interest "Rob money" become the industry vicious competition's habitual trick.

According to Zhu Mingchun introduced, some practitioners initially thought very lucrative, "the staff also recruit, the office also rented, the system also did, the Mark also sent out, no one vote how to do?" You can only raise the interest! Two points, three points, three not four points, four points finally someone voted, it seems that the business has improved. But the real private interest rate is not so high, so the boss take their money to cushion, beginning to think that the first month, the second month interest will be down, but the third, the fourth month interest is not down, because a drop of no one cast, so the platform then high interest, finally can not go down only down ...

"Four cents interest, which industry can support?" "Shenzhen Futian District a small loan company boss said, the current small loan annual interest in 25% up and down, especially high-quality customers and even 15% will do, so four points of Peer-to-peer almost is dead." Zhu Mingchun also said, "These high interest rate website is inevitable, so high interest rate is actually jump into the fire pit!" ”

"This industry is a mess, not talking about any laws and regulations, many people will do in a variety of innovative ways, is a barbaric era of growth!" "Gold Sea loan chairman Zhang Boyu before doing small loan business, now from the bank to the professional team to create Peer-to-peer platform, talk about Peer-to-peer chaos like special attention to wind control of his experience profound."

Ironically, Peer-to-peer has evolved into a semi traditional model of online borrowing and searching for small loan items. "Some of the big platforms have a lot of money transferred to our small lenders to lend, in addition to the short-term lending of businesses and individuals, which other industries can accommodate such high interest rates?" The owner of the small loan company said that the current online deal is mostly bad debts, so the small loan companies become Peer-to-peer intimate partners.

However, the small loan business itself is a high-risk industry, the small loan company boss revealed that this year, the shortage of money in June, the small loan company appeared a large area of overdue loans, now slowly eased over.

Huangli, who is engaged in electronic business in Guangzhou, said that this year's business has been bad, gross margin only a few points, not enough artificial rent expenses, so can not support the high interest of private lending. After the slowdown of GDP this year, the industry change, many small and medium-sized enterprises in a difficult period, whether it is a small loan company, or its chain of peer-to-peer companies, its risk from a macro perspective also increases correspondingly.

The "Exit" in the Chaos Bureau

Zhang Boyu bluntly, companies engaged in Peer-to-peer should have sufficient liquidity to deal with investors ' cash, and there will be a 60%―70% platform in the future.

If you want to be the future of a few peer-to-peer companies, the Shenzhen large Peer-to-peer companies believe that the first to understand the industry in-depth research, can not be brain fever or even to circle money to kill in, because the risk of a run in the future is high.

A Peer-to-peer company, in addition to being able to finance through the Internet, is particularly important for a relatively secure choice of clients. "We are all with the loan, especially the four big state-owned commercial banks, they put a billion, we put 10 million; on time, the bank lends for a year or two, and we expire before the bank. Zhou, general manager of the Gold Sea loan, said that he had been the vice president of a branch of ABC and was now in the Peer-to-peer industry.

For the company's liquidity wind control, Zhou adopted the approach is to mention 5% of the capital as a risk of petty cash, and the bank's regulation is 1%. It can be seen that it is based on peer-to-peer loan return high risk of the logic of the corresponding increase in petty cash.

In fact, peer-to-peer companies have become a financial industry in nature, although relatively small in size relative to the overall financial sector, regulators such as the CBRC have not yet included in the scope of regulation. But as a rapidly growing shadow industry, it has not only attracted individual investors, but also some institutions such as trusts, whose business is expected to hit 180 billion this year.

In addition, the Peer-to-peer strong rival banks also killed in, recently, through the company's small enterprise financing platform, to achieve a class of peer-to-peer financing 129 million yuan, Peer-to-peer future fight will be more brutal.

For peer-to-peer investors, how to avoid risk as much as possible? Zhu Mingchun suggest investors, must make the proportion of funds, the vast majority of the funds are invested in large volume, better brand, relatively stable security, relatively low income platform, and the maximum will be 20% into the high income platform, "a lot of people have invested high interest, this is to gamble, because high returns must be accompanied by high risk!" "Second, try to cast your own understanding of the local platform."

"The risk is going to get higher and more rational for investors in the future." Next year will be the peak of risk exposure, because the new speed is very fast, the closing speed will also accelerate! "Zhu Mingchun expected.