The future development of Internet finance must pay attention to ensuring the safety of financing funds

Newspaper student reporter Mao Yuzhou

Yesterday, the China Banking Association released the "Report on the Development of China's Assets Custody Industry 2013". According to the statistics, as of the end of 2013, the scale of asset trusteeship in the country was 34.98 trillion yuan and the size of various types of pensions for commercial banks exceeded 1.53 trillion yuan Accounting for 36.23% of the total national pension. As of the end of the first quarter of 2014, the size of China's custody business reached 38.5 trillion yuan, an increase of 52% over the same period of last year.

Yang Zaiping, full-time vice president of the China Banking Association, said that one of the reasons for P2P running is so much nowadays is that there is no custodial business involved. One of the features of custodian business is to safeguard the financing and security of transactions and enhance the credibility of transactions. In the future, the development of internet finance must pay attention to this a little.

According to the report data, as of the end of 2013, the assets under custody in the asset custody industry in our country mainly include 10 major markets such as capital market, money market, interbank market, financial market, credit market, foreign exchange market, social security market, physical market, international market and internet market Market investment in the country and its clients totaled 35 trillion yuan, accounting for 61.5% of the country's total GDP, accounting for 23.2% of the total banking assets, accounting for 147.2% of the total market capitalization of A-shares and accounting for 49.1% of the total deposits of financial institutions.

The scale of assets under custody of 18 domestic commercial banks was 34.98 trillion yuan, an increase of 56.23% over the previous year. In 2013, newly added asset custody amounted to 12.59 trillion yuan, with an average annual growth rate of 3.15 trillion yuan, an average annual growth rate of approximately 11.82%.

Take ICBC as an example. In 2013, ICBC's total assets under custody reached 4.62 trillion yuan, an increase of 16.84% over the same period of previous year, ranking first in China and took the lead in hosting a number of innovative financial products last year, including the first batch of bond ETF funds and the first Gold ETF, the first trigger hybrid fund.

Compared with Dahon, the demand of joint-stock banks for the development of managed business is also extremely urgent. Although they can not compare with the large state-owned banks in scale, they are far ahead of the growth rate. As of the end of 2013, Everbright Bank's assets under custody amounted to RMB1.7154 trillion, representing an increase of 97% over the same period of last year. The revenue from custody business was RMB715 million, representing an increase of 48% over the same period of last year.

Everbright Bank Asset Custody Division told reporters that at present in Beijing, they set the scene in a number of real estate sign hall for the parties to the transaction of funds managed to take the initiative to seek multi-channel hosting business. In addition, the equity custody business has become a new profit growth point by continuously improving the functions of the equity system and holding special seminars with the cooperating parties.

Zhang Lai-ming, deputy director of the State Council Development Research Center, pointed out that under the circumstance of financial disintermediation and interest rate liberalization, the profit margins of banks are squeezed. Although the development of the domestic banking custody business has progressed by leaps and bounds in recent years, there is still a gap compared with foreign banks From a profit point of view, foreign cash bank custody business profits will stand to about 50% of the profit of intermediary business, but the proportion is extremely low in China.

In addition, since the beginning of this year, P2P and other Internet financial innovations have risen and risks have followed. According to the net loan home monitoring data show that as of mid-June 2014, all kinds of P2P lending platform nearly 750, in May this year, there are eight platforms running or shut down.

Yang Zaiping, full-time vice president of the China Banking Association, believes that so many P2P off-road phenomena have a great relationship with the current lack of capital security measures. To ensure the safety of financing funds, the direct financing market can not be ignored. If there is a strong custody business Involved in P2P operations, I believe the security of Internet finance will be improved.

It is understood that there are already many P2P intends to cooperate with the bank, such as red collar venture capital Zhou Shibing said Hongling Ventures and Ping An Bank's cooperation in April signed a comprehensive financial strategy service agreement is currently developing system docking , Expected in batches in October. Micro-credit network also said that with the signing of Ping An Bank, micro-credit network investors will be managed by the Ping An Bank, while micro-credit network will be opened in Ping An Bank risk reserve account for user supervision, the risk of micro-loans Gold is hosted by Ping An Bank.

The industry believes that, regardless of the final deposit or trusteeship mode, the move will significantly enhance the transparency of network loan platform operations, but also to a certain extent, the operation of the conditions of an independent third party to effectively monitor the operation of The current extremely non-standard P2P funds market is a positive effect.