P2P can only become information intermediary?

Beijing Daily (Reporter Ma Yuanyue Yue Pin Yu), when the China Banking Regulatory Commission officials for the first time revealed the regulatory thinking on P2P. Wang Yanxiu, director of innovation supervision department of China Banking Regulatory Commission, publicly stated at the 2014 Banking Development Forum that P2P institutions should clearly position information intermediaries for private lending and set a certain amount Industry threshold.

"P2P institutions are intermediaries that enable information exchange between lending parties and small parties, and not financial institutions, trusted financial institutions, nor the same guarantee institutions, so we should clearly define the boundary of P2P business and even But also with other statutory chartered financial services to distinguish and mutual isolation, so at the same time, we must guard against and crack down on fraudulent use of P2P name of illegal financial activities. "Wang Yan Xiu explained.

This means that part of the P2P platform to promote financial products in the name of non-compliance. Beijing Commercial Daily reporter in Baidu search keyword "P2P platform", see a number of P2P platform website displays "P2P financial management", "professional P2P network loan management", "expected annualized 16.2%" and other words.

Wang Yan Xiu stressed that P2P can not pool funds, including investor funds must be third-party hosting, the platform itself can not provide investors with security, the platform can not assume the credit liquidity risk, can not undertake loan business or carry out entrusted investment.

P2P platform in the savage development also appeared a lot of problems. Data show that in June net loan industry total turnover of 14.148 billion yuan, up 3.17% over May, at the same time, in June there are many platforms running or shut down. Wang Yan Xiu said that P2P industry should have a certain industry threshold.

On the forum, Zhang Jun, a pat-loan CEO, said that over 90% of P2P companies will die in the future, of which 70% will be eaten because they do not meet the regulatory standards and the remaining 20% ​​may be eliminated due to the market's own mechanism . In the future, there will be a large platform capable of solving the risk control and cost problems well, as well as some small P2P platforms with extremely strong geographical attributes that will be coexist in the market.