Bank hunting competition grassroots P2P companies are closing down tide

In the first half of the grassroots P2P enterprises appeared the collapse of tide, running tide, but still difficult to stop PE, VC, industrial capital, banks and other beachheads. Especially since September last year, the "regular army" bank "broke into" small P2P businesses to carry out a competition around Hunting P2P, triggering market concerns.

Guo Tian Yong, director of the China Banking Research Center at the Central University of Finance and Economics, believes that when a bank enters the P2P industry, it will have a huge impact on private P2P enterprises and may even experience a bankruptcy. After all, "banks are specialized in credit", "Roots and Miao Red", more professional advantages, while the level of risk control is higher than purely private grassroots P2P enterprises.

Bank version of P2P products selling

In September last year, China Merchants Bank took the lead in launching the first P2P after Ping An immediately launched its P2P product with an expected annualized yield of 8.4% through Lujin Group.

Since then, a number of banks such as ABC and Shanghai Pudong Development Bank started to break into the P2P industry and laid out Internet finance. In June, Baoshang Bank's internet finance platform Pony Bank went online with one of its flagship products, namely, debt investment products. July 15, backed by Minsheng Bank Minsheng electricity supplier P2P platform "Minsheng easy to loan" is also on the line.

Compared to many private P2P more than 10% annualized rate of return, the bank version of P2P yield is not high, but the bank launched P2P products almost out of stock.

Recently, Minsheng e-commerce first P2P platform "Minsheng Yi Yi Rui" on the 3rd of 10 million yuan project quota sold out for 4 minutes. The first to introduce P2P products, Merchants Bank, 50 million yuan of investment products on the day "snapped up" light. A month later, the volume of this business reached 1.4391 trillion yuan, which is equivalent to 1/3 of the total trading volume of the first P2P platform in China for five years. Most of Porsche Bank's first batch of projects have also been "second standard."

Banks do not run to attract investors

Compared to most grassroots network loan platform, the bank's biggest advantage is undoubtedly its credit base and risk control. Since last year, the P2P platform has broken its funding chain and kept bosses running. This has cast a shadow over the nascent P2P industry. Bank version of P2P is playing a "bank risk control, do not run" signboard.

Hu Xiaoming, vice president of Alibaba Group and chief risk officer of Xiao Wei Financial Services Group, predicted that there will still be a certain number of P2P enterprises going bankrupt in the next 12 to 18 months. Insiders according to previous years, the collapse of the platform projections, the total amount of lost funds this year will be 30 billion -40 billion.

According to the statistics of Home Loans, there are 10 network loan platforms shut down or boss running in the country in June, while there are currently 147 network loan platforms with problems, accounting for 14.69% of the national market.

"The nature of banks' trial of P2P is the transfer of traditional entrusted loans from offline to online, a replica of traditional credit." According to Guo Tianyong, grassroot P2P enterprises are "shifting private lending behavior online" from This point of view, more risk control level bank version of P2P more attractive. Compared to grassroots P2P companies, traditional banks specializing in credit business undoubtedly appear to be more reliable and will not show "running" or failing.

Yin Zhentao, deputy director of the Law and Finance Research Institute of the Institute of Finance at the Chinese Academy of Social Sciences, said: "Banks are trying to tap into the P2P industry, credibly endorsing P2P with a weak credit base."

A P2P executive said bank-based P2P can get more money and lower costs than P2P companies that do not endorse.

More services to small and micro enterprises

In addition to relying on "popularity", bank layout P2P or Internet finance layout, "a share of the" move.

Yin Zhentao said that the reason why banks look P2P is because banks need to carry out structural transformation and support small and micro enterprises, which will help improve the bank's current business ecosystem. If banks lend to small and micro businesses through P2P platforms, they can help customers maintain their relationships by accumulating big data, knowing more about the company, and more targeted customer service.

Guo Tian Yong believes that banks try P2P, to fill the gaps in their own business, to serve more small and micro enterprises, the positive role deserves to be affirmed.

The analysis points out that the traditional bank intervenes in internet finance through P2P and is the first step in completing the overall strategic layout in a cross-border manner. More actions should be taken in the future. At the same time, the involvement of these companies accelerated P2P industry reshuffle and interest rate liberalization.

Beijing News reporter Jin