Peer-to-peer Network Credit Bureau: Gold Rush loan 20% profit hidden high risk

"Underground banks" of the credit Bureau of the gold rush for the 20%-year yield hidden high risk of the "it Times" exclusive research Peer-to-peer network loans if you have 10,000 yuan of spare money, you will choose a bank with low interest rates? Or a depressed stock market or fund? If someone is recommending an annual income as a 15%~20% investment, isn't that exciting? In recent years, peer-to-peer network loans are booming, this so-called "personal to individual" mode of private lending, in the virtual world, in the gray corner of the secretly growing.　　It was not until June this year that the head of the Gold rush loan broke the ice and opened up a corner of the shady story. It times reporter Yu Xinfei news story so-called Peer-to-peer network loans, refers to individuals through the network platform to borrow from each other, lenders on the Peer-to-peer website to issue loan demand, investors through the site to lend money to lenders.　　In foreign countries, peer-to-peer network lending has become very popular, which was originally seen as an effective solution to the needs of some microfinance financial complementary model, but in China, but not. Gold Rush: A Ponzi scheme that is too easy. In this peer-to-peer lending transaction, the lender gets the money and the investor gains the investment. Platform to review the qualifications of both sides of the loan, matchmaking, matching private lending.　　Since the rise of the 2009, China has a large and small hundreds of Peer-to-peer network loan platform, more well-known more than 10, such as the Red Ridge venture, everyone enrichment, Pat Credit, everyone loans, e-speed loans and so on. June 3 this year, Peer-to-peer Network loan Company Gold Rush on the line, posted on the Internet high income and short-term risk of the loan target. Attracted by high interest rates, about 80 investors have bid, which is less than a week, June 8 evening Gold rush closed, the head of the Chen Jinlei with Money absconded, the volume of funds more than 1 million yuan.　　Fortunately, under the police's dragnet, the suspect has been captured, but this incident shocked the entire net loan industry, the people have lamented that "this Ponzi scheme is too easy." Allegedly, the suspect only registered domain name, opened a website, and through the forgery of a large enterprise business license, it is easy to pack themselves into a fairly powerful Peer-to-peer network loan platform, so many old rivers and lakes are "lost". NET Credit Circle "Old master" Shen Investment in the gold rush loan of 80,000 yuan has not yet been withdrawn. He said with chagrin, the reason that will trust a brand-new on-line Peer-to-peer network loan platform, is because the Gold Rush loan provides the complete business license and the related information. "It published a business license on the website, claiming that Hubei Cheng Li Group's Cheng Investment guarantee Company, not only that, the Ministry of the Web site can also be found in the Gold Rush loan ICP registration information; Cheng Li Group also exists, and strength, I accidentally was blinded. "This year, Peer-to-peer network lending has been quite calm, but in this industry spontaneous formation of the unspoken rules, but already undercurrent surging."　　The Gold Rush loan incident set off a peer-to-peer network lending a storm, but also put many thorny issues to the forefront. NET loan Investor: a bitterTears a network loan, investor Zhou (alias) hate tooth itch.　　He told the IT Times reporter, himself in the net loan from win to lose, these three years experience a roller-coaster journey. After graduating from university in 2009, Zhou found a job and slowly had ten thousand or twenty thousand yuan in savings. When the stock market fell back, house prices are still high, there is no product can invest. On the recommendation of a friend, he decided to try a Peer-to-peer network loan. Like the other Zhou, he started with a careful vote of 2000 yuan, unexpectedly one months later, he got about 50 yuan of the first interest. Under the encouragement of money, the more small Zhou Yue, 10,000, 20,000 ... Because of less deposit, he also specially handled a number of credit cards, to improve their funds. "By the year 2010, I had done 8 credit cards, total overdraft nearly 100,000, I am on the internet to focus on the annual interest rate of more than 20% of the target, the interest can earn only 2000 yuan per month, as long as the use of credit card for the 50-day interest-free period, the payment period before the arrival of the minimum amount is also on the line. "How long did it take to pay the way, and soon the economic crisis came." Zhou bid two Peer-to-peer network loan platform suddenly collapsed, announced the closure, small weeks of two million investment capital. "Blow my capital chain was completely disrupted, from creditor to debtor, several banks blacklisted me." Thanks to the help of my parents, I made up sixty thousand or seventy thousand Yuan, which helped me to pay off all the money, really a profound lesson! "Even if the net loan platform can support not to fall, investors if want to borrow money through the net is also more difficult." "Seemingly high annual interest rates, deduction of a variety of web services fees, funds management fees, has been left behind, once you encounter the often overdue ' old Lai ' or blacklist characters, their own income not only wasted, may also have to catch up the hard-earned money before.　　"Insider Ronaldinho told reporters that a person in the net loan world, two or three years to earn a 30%~40% is good, once an accident, even the old to catch up." Reporter investigation in the end is what kind of environment created Peer-to-peer Network loan market, and how the model let this industry become so high risk, why some people to it applauded, some people hate it.　　The IT Times reporter has a deep understanding of the grey industry story. A loan is a gambling journalist entering a Web site called "Everyone's enrichment" by filling in personal information, uploading ID cards, academic credentials, income certificates and other information, soon after the acquisition of the eligibility to borrow, you can publish the target, to the netizens to raise funds, and become an investor is simpler, as long as the selection of the list of the borrower's corresponding target, can set interest rates and put loans. In general, a subject matter will be completed by dozens of people, the equivalent of the people to raise money to lend a person, after the expiration, according to their own pay to get a part of the interest.　　The loan game you borrowed from me seems reasonable, but in fact it has no foundation at all. "It's like a gamble. You can only see the borrower's net name, you have no idea heWho, maybe he is a company, a business, or just another fictitious borrower. "Early investors who have been involved in Peer-to-peer networking loans are now tired of roaming in circles," he said. "There are too many blind spots in the platform for the non face-to-face identity review of borrowers, and all kinds of documents can be forged and cannot be done as rigorously as banks audit credit cards," he said. Many of the loan accounts are fishy. "" "Ox" empty gloves White Wolf Pat Loan CEO Zhang accepted the "it Times" reporter interview, said, Pat loans using technical means, the borrower to carry out credit audit ratings, through the Ministry of Public Security, the Ministry of Education, to verify the identity of the relevant documents information. But this approach is clearly nowhere. In fact, many companies through camouflage, with a large number of borrowers, will be raised funds to the property market, securities and futures, lottery and other high-risk areas, and even used to engage in gambling and so on, the money, most easily become collector bad debts, difficult to recover. In addition, the capital speculators roaming among the peer-to-peer platforms are targeting interest differentials between their respective homes, and doing business without this arbitrage.　　They are known as "ox" by insiders. Peer-to-peer Network loans of the private regulatory platform, "net loan Home" member Kit told reporters, from the annual interest rate of about 10% of the Red Ridge venture to raise money, then to everyone enrichment or e-speed loans to 20% of the annual interest rate lending, as long as the interest payment is well connected, "empty gloves White Wolf" is not impossible, Such transfers have long been outlawed. To this, pats the loan the Zhang to say, "' ox ' is a kind of net loan survival form, has its existence rationality." As a product of the market, Pat Credit neither encourage nor forbid, as long as they can repay on the line. "Investors may only hope that borrowers hiding behind the net will repay them on schedule," he said. But most frightening is that once the rules of the game are broken, investors cannot even seek legal protection. Shangjiangang, director of the Shanghai Law Association's Information Network and high-tech professional committee, told the IT times, according to the law, not to meet the loan is not protected by law, and the borrower signed the electronic contract also has no legal effect.　　And in some network loan platform, the borrower's electronic contract even is signed by the net name, the imputation becomes more difficult. Loan funds "Step on the Wire" net loan investment on the platform to bid, nothing but to earn a certain interest income.　　But if borrowers defaulted or even borrowed, the money would be in jeopardy and the system of punishment would become very fragile. "For banks, if someone is a malicious overdraft credit card, it can immediately pull into the blacklist, affecting the personal credit records, the future of the loan will have an impact; Pat loan also has a blacklist, we will freeze this person's credit limit and fund account, and on the Internet public blacklist, but limited binding." "Pat Loan CEO Zhang said, as a peer-to-peer network loan platform, Pat Loans will not be for a single overdue subject to advance the principal." "Pat loans encourage investors to diversify their investments to cover risk with earnings." The reporter learned that after the overdue, patThe loan will be with investors through the telephone, the network way debt collection, but there is no compulsion. In order to protect the interests of investors, e-speed loans, everyone enrichment, all loans and other platforms have principal guarantee mechanism. Once the borrower is overdue, the loan platform is paid by principal or by a third party guarantor.　　This seemingly safe way for investors, exacerbated the burden of the platform. NET loan the head of the house Xu Hongwei said that once the expiration of the situation can not be repaid, the website has a special fund to recover the team, to recover funds. But in the virtual world, these recovery processes are often weak. According to some websites announced the fund recovery ratio, about only between 30%~40%. When the loan cannot be recovered, it can be divided into two kinds of situations roughly. The first is the payment of repayment by the guaranty company in the case of a guarantee company, and the risk extraction of the website and the profit of the website if there is no guarantee. If a massive bad debt occurs, it could cause the company to go bust and all the investors will lose their money.　　Last July, the so-called 100,000 members of the Haha loan business caused a wave, and e-speed loans have encountered the "Yichang event" (a large number of Yichang from the target group overdue), the platform to advance nearly tens of thousands of yuan, the vitality of a big injury. "Borrowed money is not your own money." Kit told reporters that on this platform, investors always walk on wire. "High risk also means high returns. Compared to the bank's annual deposit of about 3% per year, the net-loan platform can yield up to 20% a year. As long as the rules of the game continue, as long as the platform does not fall, this rate of return will catch up with Buffett. "The distress of the network loan platform faces so many problems, the Peer-to-peer network loan itself wants to be regulated." And investors have the experience of stocks, also think similar to securities companies, to achieve third-party supervision is safe.　　But it backfired, banks and these Peer-to-peer network loan platform mostly "impinging". Hot potato "Peer-to-peer network lending is still small, not attractive to banks, and the potential for bad debts and moral hazard may deter many banks." Red Ridge Venture had wanted ICBC to supervise, but ICBC was unable to assess whether the risk of net loans would hit the banking system and deny its third party regulatory needs.　　"A Peer-to-peer network loan company in charge told reporters that at present, most Peer-to-peer network loan companies have opted to work with third-party payment platform to deal with a large number of borrowers and lenders of funds. In the gold Rush, the ring payment as its third party payment business, also was implicated in.　　The victim accused: "We put money into a third-party payment platform, it is almost like the money directly to the Liar's bank account", and that the Third-party payment platform does not well audit the credentials of the network loan platform, Wolf. In this regard, the ring is miserable. "In fact, this is just a gateway cooperation, we and these companies and other e-commerce cooperation is the same as the payment process, and then settled." We accept formalities.Fee。 "Ring to pay Mr. Lu told reporters, in cooperation, the ring has been reviewed in accordance with the process of the company's business license, the company's legal representative ID card. The gold rush is not in Shanghai, so the examination is a copy of the official seal of the document. "Some people in the industry believe that the Peer-to-peer Network loan Company qualification audit to the Third-party payment platform to do unreasonable, nor realistic." Objectively speaking, if it is intentional fraud, forgery of various types of documents to make people hard to detect, Third-party payment enterprises are difficult to identify, the most important thing is to strengthen industry supervision and industry self-discipline, so that fraud can no longer easily occur. "Wandering in the edge of the law as a Peer-to-peer network loan itself, because there is no identity card, but also complain." These companies are in fact not under the supervision of the financial sector, because their carrier is the website, they often in the registration of "Network Information services Company", "information consultancy company" appearance, but are exercising some sensitive financial functions. Shangjiangang pointed out that the network loan platform itself is not protected by the law. According to the "illegal financial institutions and illegal financial business activities," the illegal financial business activities are not authorized by the People's Bank of China, unauthorized to engage in the illegal absorption of public deposits or in disguise to absorb public deposits and other financial activities. 174th article 1th of the Penal Code also stipulates the offence of establishing a financial institution without authorization. "Internet lending, though not of a commercial bank, however, most of the operators are responsible for the management of the lender's funds, the borrower's conditions after the review of the Funds borrowed, the Act is similar to the commercial Bank's savings and lending business, inevitably degenerate into economic crimes, may constitute the crime of unauthorized establishment of financial institutions.　　"Shangjiangang analysis. In the survey, most of the Peer-to-peer network companies surveyed showed a desire to be "regulated". "The industry itself needs a clear regulatory environment." At present, the Peer-to-peer network lending market lacks a unified regulatory body, if the same as the payment platform for a unified license, Peer-to-peer network loan risk is much smaller.　　"Constructed, founder of the Pterodactyl loan, said that the net loan needs to be" amnesty "and put on the right track, including introducing a licence scheme similar to that of a third party, and further perfecting the mode of cooperation between the loan website and the payment platform, etc.　　Reporter notes how private lending through the network to break through? Despite the security risks, Peer-to-peer network loan has been living and development for five or six years.　　Red Ridge Venture, everyone enrichment, e-speed loans, easy loans 365 and other platforms are growing with their own characteristics, and has a stable number of borrowers and investors. "Existence is reasonable", the reason why the network loan platform has been developed rapidly in recent years, the fundamental reason is that the state financial regulation too much, too strict, and did not fully play the role of marketization, many small and medium-sized enterprises difficult to finance, borrowing, only to borrow the annual interest rate of about 40% usury. The net loan caters to the eager demand of the small and medium-sized enterprises for funds. Just a website where borrowers and lenders can register and trade online.　　Once the two sides agree on the amount and interest rate, the deal will be reached. This handy loan operatorLaw, the bank is suffering from cold, anxious and other funds to cook small and medium-sized enterprises, undoubtedly found a loan paradise; for ordinary people in China, in the rush to spend money, also do not need to see the face of banks and relatives, just log on to the network, you can solve the problem. Remember that when the net loan just entered China, the public welfare platform "Yi Agricultural" the rise of the farmers in the spring plowing, the shortage of funds to help many people tide over the difficulties, but also invigorated the entire market.　　Low threshold, high convenience, is a peer-to-peer network loans unique advantages. However, the network loan also faced with the growing trouble. The Gold Rush event sounded the alarm. China's credit system and legal system is the key to the healthy growth of internet loans. How to integrate the network transaction into the legal guarantee system? Can the blacklist appearing on the network for the banks and other financial institutions to share, play a strong binding? Can transaction funds be secured through third party institutions?　　The phenomenon of Peer-to-peer network loan reflects the discussion on the outlet of domestic huge private capital. As a government, we need to change the management thinking and pay attention to the self circulation system of market economy. Through legal means, market means rather than rough administrative intervention to regulate the private lending behavior, can give full play to the role of market regulation, so that network lending in the groping to find suitable for their own development path. At the same time, the relevant laws and regulations should be formulated and perfected as soon as possible to make specific provisions on the nature, status, organization form, supervision subject, Operation Standard, entry and exit mechanism of the network lending, thus leading the industry towards a healthy and orderly direction.