P2P regulatory framework for the basic shape

Shi Qingwei, an intern reporter, was from Shanghai

Recently, an industry insiders who participated in last week's P2P regulatory regulation forum disclosed to the Daily Economic News reporter that the P2P regulatory framework has basically taken shape or will be released by the end of this month, but the regulatory details may not be available during the year.

The source said that the idea of ​​the CBRC is to encourage Internet financial innovation, do not want to see big chaos. At the same time, the CBRC guides investors in risk education and requires platform websites to be informed of risks.

It is understood that the regulatory platform does not provide security, P2P agencies should be clearly located in private lending information intermediary, can not act as a credit intermediary. It is worth noting that regulators did not mention the prohibition of the introduction of third-party guarantees.

The industry said the regulatory red line should be delineated

The insiders told reporters that the forum aimed at seeking regulatory advice. China Banking Regulatory Commission's idea is to encourage Internet financial innovation, do not want to appear big trouble.

The industry generally believe that P2P platform "running the tide" appears, making regulators will strengthen the industry access threshold management, and require the platform to have some risk management capabilities.

At last week's "2014 China Banking Development Forum", Wang Yanxiu, director of innovation supervision department of China Banking Regulatory Commission, said that the P2P industry should have a certain industry threshold. Practitioners should have the basic conditions of registered capital, professional background and working life, organizational structure, risk management and fund custody of senior executives. At the same time, both parties involved in P2P business should have certain conditions, and P2P institutions should make provisions for risk assessment, risk warning and investment and financing limits.

As for how to solve the problem of platform information asymmetry, Wang Yan Xiu said that P2P industry should fully disclose information and improve transparency. It is necessary to disclose to the market its own necessary management and operational information as well as to disclose the risks to investors and to provide financing information and carry out the necessary external audits.

Goblin chairman Zhang Boyu to the "Daily Economic News" reporter said that supervision should be introduced into the industry self-regulation, delineation of behavior red line, the direction of behavior supervision, provides those things can not be done, otherwise it is illegal.

"We hope to set up an industry self-regulatory registration system to clearly define the registered capital and self-owned funds that should be registered, the level of technological development, the professional qualifications of managers, the establishment of an internal control management system, and the transparency of information disclosure," said Zhang Boyu.

To "guarantee" or into a trend

Prior to this, China Ping An Chairman Ma Mingzhe announced the gradual cancellation of Lu Jin's guarantee, "Lu Jin opened early, provided a guarantee for customers stage by stage, and now we plan to gradually remove the guarantee."

The Lu Jin "to guarantee", but also reflects the P2P companies take the initiative to move closer to regulation. "P2P should not pool funds, in-transit funds and investors' funds are to be managed by banks or third-party payment agencies, and P2P itself can not be guaranteed, and the proceeds of loan principal shall not be allowed to bear the credit risk and liquidity risk Etc. "Wang Yan said earlier.

Wang Yan Xiu also said that P2P institutions should be clearly positioned as a private intermediary for lending. P2P institutions are intermediary agencies that provide information services for small transactions between lenders and borrowers. They should not be financial institutions, entrusted financial institutions, nor guarantee institutions. The business boundaries should be clearly defined and differentiated from other legally licensed financial operations and isolated from each other.

The insiders also told reporters that the China Banking Regulatory Commission will guide the strengthening of risk education of investors, require websites must be risk prompted.

Regulators on the definition of P2P "credit intermediary", or will make the industry re-shuffle.

Zhang Jun, a pat-loan CEO, said more than 90% of P2P companies will die in the future, of which 70% will be eaten because they do not meet the regulatory standards. The first proposed by Lu Jin to guarantee, but also will speed up P2P industry "to guarantee."

However, "to security", how to allow investors to build trust in the platform is a big problem. Zhang Boyu said the lack of credit system and credit rating industry, the degree of commercialization is not enough, is the net loan industry is currently the biggest problem. To this end, he suggested that the state establish a credit system and commercialize it to form a "trinity" credit system like credit rating agencies in the United States, credit rating agencies in the commercial market (rating credit ratings of various enterprises), and consumer rating agencies.