"Baby Corps" cooling Internet banking cross-border cooperation was on the rise

Internet "Baby Corps" after a year of great heat, is currently cooling, and around P2P and big data, Internet finance cross-border innovation is endless.

According to the information disclosed by Celestica Fund, as of June 30, 2014, the scale of Yu Bao is 574.16 billion yuan, while the scale of the first quarter of this year was 541.275 billion yuan, up only 6% in the second quarter.

In contrast, the cross-border cooperation in Internet finance has been increasing recently. Such as the GF Department of P2P platform in which investment network, 91 financial and Haitong Securities introduced asset securitization products.

It is said that Baidu, GF Fund and China Securities Index Company intends to jointly launch the Internet Index Fund to create a new Internet financial products.

The "baby" product revenue continued to decline

Days before the release of the Fund from the days of the data show that not only the scale of Yu-Bao and user growth rate down, the 7-year annualized rate of return also dropped to 4.23% yesterday, WeChat and other "baby" rate of return continued to decline.

According to statistics from the China Foundation Industry Association, as of the end of May 2014, the size of China's monetary fund reached 1.92 trillion yuan, accounting for 48.93% of the total raised fund, accounting for 48.93% of the total. The fund doubled compared with the end of last year . Insiders said that Yu Bao and other "baby" financial products in the scale will reach the bottleneck.

On June 29, Wu Xiaoling, dean of Tsinghua Wudaokou University of Finance and former vice president of the central bank, said at the summit of the new financial union that there is not much room for the fund sales of the third-party payment platform relative to traditional financial institutions. Almost done the best. "

At the same time, several media reports recently said that the central bank halted through the window "at the same rate"

(To win customers, the majority of banks will agree to note in the agreement deposits as early withdrawals take place, then according to the normal agreement deposit interest rate calculation) agreement deposit, require commercial banks and the IMF to do the agreement deposit, you need to sign two rate Unequal agreements deposit. This means that monetary institutions such as the IMF deposit in the agreement if the bank withdraws in advance, will face penalties.

Take Yu-Po as an example, the agreement deposits held in its asset allocation can reach as high as 80% -90%. Analysis said that if the monetary fund non-interest-free privileges were canceled, "Baby Corps," the final annualized rate of return will return to 3% to 4% of the normal.

Cross-border cooperation is increasing

As earnings continue to fall, "Baby Corps" seems to have reached the limit, while P2P companies are holding hands with traditional financial institutions, as well as core businesses to meet their supply chain financing needs. In the area of ​​asset securitization, new products are gradually being phased out Surfaced, large-scale electricity providers such as Jingdong Mall also opened its own crowdfunding platform.

This week, the P2P platform 91 Financial Supermarket announced that it will invest in Haitong Securities Direct Investment Subsidiaries and will be involved in the field of asset securitization. 91 Financial co-founder Wu Wenxiong told Daily Economic News reporter 91 that finance needs to interface with financial institutions. Haitong Securities has a large number of high-quality assets including corporate bonds, and the securities need to be internet-based.

Chenghai Yang, chief investment officer of channel network, said 91 Wangcai secured collateral, asset securitization has a greater advantage, but still need to pay attention to risk prevention and control.

Ma Jun, chief researcher at Net Loans House, also told reporters that asset securitization is not mature in China. Originally, P2P had to solve the problem of asymmetric information and realized the point-to-point transaction. Now it has made an asset securitization by reuniting the traditional financial institutions, ring.

Also involved in the P2P GF Securities, which through its subsidiary GF Sind investment bypass network which, combined with the traditional financial institutions, but also brought a new form of P2P products.

Investors network who said it plans to work with a number of financial institutions GF Department of business cooperation has now negotiated with the GF Securities OTC sector will be co-issued for the sale of P2P rights to invest wealth management products.

Pan Zhengyu, the founding partner of Meibang 360, told reporters: GF joint investment network set up OTC products, on the one hand, P2P products can be added to the portfolio to enhance the overall rate of return OTC GF products; the other hand, you can try OTC products into P2P Product sales channels, through the transfer of claims, to enhance the liquidity of OTC products.

"This joint show that the traditional brokerage to a certain extent, from P2P to the channel optimistic about the industry, which is a huge boost to the P2P industry." Pan Zhengyu said.

For Internet companies, its huge data used in the field of financial product design has obvious advantages. Yesterday, it was reported that Baidu, GF Fund and China Securities Index Co., Ltd. will use their respective advantages to cooperate and create a new Internet financial products.

However, Pan Zhengyu said that the application of big data to Internet finance currently lacks sufficient data and model support. Instead, it should match the data of Internet financial user information with the data of traditional financial consumption data, e-commerce data and other social attributes, There is still a long way to go in order to create a big data analytics environment.