In China, I don't believe in public

Fire for six months, "master West" meat clip steamed bun, recently because of the interests of the public interest can not reconcile and fall apart! Outside the view, this issue is only the fuse, the essence of the problem lies in management issues and distribution of benefits. However, I think, the root cause in the public raised! "Master of the West" is a typical case of the numerous dystocia in China!

The tipping point of the "master West" incident was a blog post by his co-founder Song Xin on the Web, "Master West's deadbeat, how to raise money, this article is the surface of" master West "internal wrangling, and in fact it also said that the public raised in China is difficult to fall in the root cause: China has no credit (ren)! In layman's terms, I don't believe in public.

The imperfect credit system restricts the development of many financial products in China. In the case of the general lag of the Chinese credit information and the relatively loose layout of the new credit system, it is doomed to be difficult for the public to have big acts in China. This is not a problem for an enterprise, but a big industrial environment.

In recent years, internet finance in China, the rapid development of roots, landing. Bao-type funds, Peer-to-peer network loans and the Internet as the most important three segments of the financial sector, quickly become the media and new influx of hot stars. The core of internet finance is finance, while the core of finance is in the wind control, in China, rigid fallback is deeply rooted in the public investment and management culture, so only the weak risk and strong honour financial products have vitality in China. We are acutely aware of the importance of this in our product development trajectory over the past year or two.

Bao-type funds, because of the strong credit backing, such as Yu Ke Bao's behind is Ali and Tianhong fund, the scale of rapid expansion, and rightly become the Internet financial sector the largest segment of the field. While the continued decline in yields has slowed the growth of the market to some extent, the fund is still the most robust segment of the Internet financial sector.

Peer-to-peer network loans into China, after a deep localization of the transformation. Pure online intermediary mode in China is not popular, but is offline, offline combination of the platform for credit endorsement of the model to win more markets. The reason is also very simple, in the weak risk, strong cash investment culture background, peer-to-peer investors first value platform's capital strength and wind control level, neither platform is difficult to foothold in China.

After several years of barbaric growth, since 2014, the Peer-to-peer platform has been deposited for a long period of potential risks concentrated outbreak, running, failure, platform credit, compliance and the importance of the ability to resist the risk of more and more prominent. Industry big Shuffle has been quietly kicked off. Ebb Tide, the future can survive the platform, not necessarily the largest, but must be a perfect credit brand platform.

There is no credit backing, the Chinese credit system is relatively lagging behind, so the success rate of Chinese public-funded projects has been relatively low, less than 3%. In China, the public is more like group buying, amateurs most of them, did not form a sound industrial chain. In the future, with the improvement of China's credit environment, the development of public financing in China may turn into a turnaround. However, in a short period of time, the impact of the public in China will be far less than the Treasure class funds and Peer-to-peer network loans, destined to be marginal role.

In addition, the impact of the development of the public in China, there is an important factor, that is China's rich capital, Angel VC very active, good projects generally not bad money. Therefore, the public chip in China, gimmick significance, far more than practical significance! Finish）