P2P platform security company executives appear "collectively lost"

With the recent emergence of several P2P platform security company executives "collective loss", so P2P platform security model hidden risks become the focus of the industry. In June this year, China Ping An Chairman Ma Mingzhe announced the gradual cancellation of Lu Jin's guarantee. At the same time, there are also P2P platform to introduce security company. Recently, "Building Blocks Box" and Shandong Re-guarantee Group Co., Ltd. will conduct all-round cooperation in terms of project financing, platform construction and due diligence system. Someone introduced, someone gave up. In such a differentiation, P2P industry "to guarantee" into the dilemma of hard choices.

At present, there are mainly three modes of P2P guarantee in China: one is independent professional third-party financing guarantee agency to provide guarantee; the other is platform to provide protection for all projects; third, small loan companies, pawn shops, individuals and even other corporate guarantees. Most of the well-functioning, top-ranking platforms and third-party guarantee company cooperation.

Ma Jun, chief researcher at Net Loan House, pointed out: "The advantage of the third-party guarantee model is that the business volume is not constrained by the financial strength of the platform company and the business volume can be greatly increased. But the question is how the platform selects and restricts the corresponding partners , How to reconcile the distribution of benefits with partners. "

An unnamed peer-to-peer industry person told Beijing Daily that this mode of cooperation with guarantee companies has many loopholes. On the one hand, some irresponsible guarantee companies may not audit items that are not strictly or even false; on the other hand, the borrower pays a fee to the guarantee company in addition to paying a fee to the P2P platform, The cost of financing.

Jun Ma also said that the model of the problem is that P2P platform has become a channel business, lost control of the borrower. If the borrower is overdue, the guarantee company does not advance on time, P2P platform will be very embarrassed situation, the ultimate loss is the platform brand. In addition, if there is a large overdue platform, does not rule out the platform will be bent on the security company, to continue to issue new standard.

It is understood that the current use of third-party security mode of the P2P platform are beneficial network, love investment, open Xin loan. Advantage online online has been using this light asset business model since, the platform model and space for development was also bullish venture capital agencies.

Another representative platform - love investment, the main platform for the loan company, a single large amount of borrowing, loan platform borrowing from the cooperation with its third-party guarantee company. Insiders said that as a single large amount of funds, if a single borrower expired, the guarantee company does not actively act on the normal operation of the platform will have a greater threat.

Due to the lack of domestic social credit system, almost all domestic P2P companies have promised to guarantee the principal and interest. But in the United States, this form of guarantee does not exist. Once secured, can P2P still be favored by investors? "If a peer-to-peer P2P platform does not have third-party funding, risk reserves, and sponsoring companies, then I will not choose this platform because I feel too risky." A peer-to-peer investor put it bluntly.

However, there are P2P industry insiders who think: "'To guarantee' will be the future development direction of domestic P2P websites because the platform plays the role of 'information intermediary' and there is no need to assume the responsibility for breach of contract nor to engage in mixed operation."

Wu Qingling Wudaokou Finance Dean of Tsinghua University, Wu Xiaoling, vice president of the original central bank, the security company's capital itself has become the reason restricting the development of P2P industry.

As the guarantee mode pressure, insiders suggested that insurance companies underwriting mode will be emerging mode, while many insurance companies began to intervene in the field of P2P. In this mode, when the P2P platform is the insured, after the expiration of the P2P platform, the P2P platform advances the principal and interest in advance in real time, and then the P2P platform initiates a report and settlement process.

Ma Jun said that in the past, insurance companies had long been the borrower personally or to the collateral insurance approach, but the wind platform for risk control model is rare. However, "no model is the mainstream now." With the acceleration of market-oriented, many platforms should be able to find their own direction.

Beijing Commercial Daily reporter Yan Jin