Capital Pool era or end of announcement

Regulation has yet to be sheathed, banks earshot first.

February 10, 2015, China Minsheng Bank as head of the headquarters to kill into the Peer-to-peer fund Management Army, announced the network trading Platform fund hosting system launched, at the same time with the establishment of the industry's established Internet financial enterprises Chongfu, everyone loans, building blocks box signed a strategic agreement.

According to Minsheng Bank, Minsheng Bank's headquarters in the last six months launched the "Network Trading Platform fund Management system" is the Minsheng Bank for Peer-to-peer Network trading platform to provide a set of real-name verification, payment settlement, fund hosting, balance financial and other functions as one of the comprehensive financial Services platform.

It is understood that the system structure on the account layer, payment layer, application layer three parts, set account management, payment and settlement, investment and management, safe custody as a whole. In the account set up, the client transaction funds and network trading platform of their own funds to isolate, eliminate the network trading platform unauthorized misappropriation of funds hidden dangers. There is an independent account system between the hosting accounts of each network trading platform, investors can be assured to invest in multiple platforms.

In addition, the system opens a virtual account for each investor, records its funds and transaction information, and provides an account enquiry service for investors in the website of Minsheng Bank. In addition, the Investor's trading password is managed by the bank, and each transaction is authenticated at the bank to ensure that the transaction is based on the true will of the investor.

In fact, before the system officially online, the industry including the appropriate letter, you and I loans, are open to the public and the Bank custodian funds, but the bank's official external disclosure system on-line, Minsheng Bank's total behavior first.

In other words, at this point, in China's financial industry, the traditional bank pioneer-Minsheng Bank was the first to carry out the marriage with Peer-to-peer network loans, do it to manage peer-to-peer network loan money "Treasurer."

Capital Pool era or end of announcement

In fact, on the first day of the birth of net-credit Peer-to-peer, the question of the pool of funds has never ceased.

In early 2014, Liu, the former central bank's deputy governor, gave Peer-to-peer two red lines, that is, not to do capital pools, not to do illegal fund-raising. Of

, the central bank clearly, peer-to-peer network lending platform as a new financial industry, in encouraging its innovative development, there are four points need to be clear, one is to clear the intermediary nature of Peer-to-peer platform, the second is to make clear that the platform itself can not provide security, three is not to be collected funds to do pool, four is not illegal to absorb public funds.

However, at the end of 2013, the nine ministries led by the CBRC to deal with illegal fund-raising meetings, Peer-to-peer network loans and private lending are listed as the six major risk areas to be highly concerned.

According to UBS Securities Statistics, China's Peer-to-peer network loan platform first appeared in 2007, 2010 to 2012 platform turnover increased by 23 times times, to 23 billion yuan, accounting for 0.04% of the system loans, a total of 2000 Peer-to-peer network loan platform. UBS Securities believes that by 2016 the Peer-to-peer turnover will reach 350 billion yuan.

In the past 2014, China's peer-to-peer industry has continued to maintain strong growth momentum, according to the third party network loan home Statistics, the industry's overall transaction size exceeded 250 billion yuan, rose by nearly 140% than 2013.

However, at the same time, according to the net loan home is not complete statistics, December 2014 problem platform number reached 72, this figure is close to last year, the total number of problem platforms. The 2014 full year problem platform has now reached 254, of which the pure fraud running platform accounted for one-third of the total number of platforms. On the scale of funds, the amount of money involved has also hit a new high, the problem platform has been involved in the amount of nearly 6 billion, of which the pure fraud platform involved in the amount of about 3.7 billion yuan.

Among them, all run out of the platform without exception the biggest problem is the problem of money, that is, all the users of the funds and net loan platform of the fund account confused, even if the escrow in the third party to pay, ultimately can not evade the running problem.

"If the custody to the bank, the bank's supervision of funds and the setting of the account, equivalent to a Peer-to-peer network lending funds to the bank, the network loan platform can be safe to do financial services, from then on with the problem of capital pool completely isolated," Chongfu CEO Sun Rei said.

Matthew Effect opens

At the press conference yesterday, Zhang, Deputy Secretary-General of the Chinese Banking Association, expressed concern about some Non-bank custodians, "non-banking institutions that carry out the fund-hosting business have not yet acquired the corresponding trusteeship qualification, and there are still some defects in the risk control business process and system efficiency, There is likely to be a certain risk transfer and risk premium ".

The industry believes that, first of all, third party payment companies do not have the professional ability to participate in investment supervision, and there is no relevant legislation to give supervision power, in other words, the third party fund trusteeship Business has no corresponding trusteeship qualification; Secondly, the standard and compliance of the escrow process is uncertain, even if the Peer-to-peer platform is funded by a Third-party payment agency, are also mostly paid companies in accordance with Peer-to-peer platform instructions to operate, so it is difficult to eliminate self-integration, fictitious false mark, running and other issues.

It is understood that the current Peer-to-peer platform to be deposited in the third-party payment of all funds, is a unified deposit in the name of the payment company issued in the bank account. The transfer of funds between internal accounts by third parties, which is not reflected in the banking system, is the place where regulators are most concerned, even if the payment companies are diverted and banks are not effectively screened.

Once banks opened the door to Peer-to-peer lending, Sun Rei said, so, this is not just on the money banks will be more secure funds, at the same time, for Peer-to-peer network transactions data, at any time may intervene in the central bank's credit system, and the future CBRC supervision of Peer-to-peer network loans more convenient.

That means, will have more powerful network loan platform to choose the Bank's fund-managed system, for those funds irregular, wind control imperfect platform, will also be rejected in the fund, this to the investors, the industry, is undoubtedly opened 2015 years of Matthew.

That is to say, some birds will not be caged in the end, they are free to fly out.