The theme of this annual meeting is "broken", that is, "broken, Dawn, breaking"

Revamping's annual meeting was successfully held at the Beijing Kun Tai Hotel, during the two-day conference, the first day was three special sessions of mobile, channel and brand, the main venue was the next day. The theme of this annual meeting is "broken", that is, "broken, break, break", the aim is to break the plight of the traditional electric business thinking limitations, set up new ideas. Dedicated to create a platform for innovation in the electric business industry, from a professional perspective for the electrical business colleagues to solve the entrepreneurial process encountered in the most practical problems.

In 29th, the main venue of the dialogue link "alternative financial services of the electric Business", sponsored by the CIO Wu Zhigang, the dialogue to share the guests are benevolence and wisdom of the partner Jiangnan anger, Zhiquan CEO, everyone loan CEO Xin He. Several guests on the electric business enterprises lack of money, credit financing loans and Internet financial development launched a fierce dialogue.

The insurance company is established by the Ministry of Finance and the State Economic and Trade Commission and is a nationwide professional guarantee agency with credit guarantee as its main business.

Harmonia is an investment bank and asset Management agency, financial and industrial efficient combination is the core of its business, Ren-Zhi's own real estate finance, International energy investment, the advantages of industrial investment and alternative investment in the four categories of business sectors.

Great Park is an independent design, many categories, multi-brand operation, the whole network marketing, online at the same time the promotion of home textile home Products Company, is committed to providing consumers with safe and healthy personal cotton products.

Everyone loan is a peer-to-peer credit lending service platform based on the Internet, since its establishment in May 2010, the service covers more than 2000 regions in more than 30 provinces, successfully helping hundreds of thousands of clients obtain financing loans through credit application, or obtain stable income through independent lending.

The following is a live transcript of the dialogue Link:

Moderator: The next step we welcome Mr. WU Zhigang to our host, talk about how the Internet to reform the financial how to do more, please invite four together on stage for us to discuss this topic, first or earnest applause welcome our forum to host.

Wu Zhigang: It is a pleasure to discuss with you the alternative financial services of electric dealers, another three guests immediately invited them up, but in the stage, I just communicated a bit, originally I think there are two most viewpoints to PK people, incredibly stood together, now very anxious, they two people stand together, Had to put I was also thought to participate in the melee pull together, I will participate in the PK process.

I like this, I would like to ask the King General, Wang total entrepreneurial process, it is quite brilliant, I would like to know the King is always in the entrepreneurial process, when you meet the most need to spend money? This is the first question. The second question is, in your day-to-day business, what kind of situation do you think must have financial services?

Zhiquan: In fact, I did a share some time ago, I want to convey quite a lot, enterprise development too fast is not necessarily a good thing, other industry is not good to say, electric business enterprises in this industry lack of money is the enterprise development too fast, the most scarce money is 09, this time is very short of money, precisely is the financial crisis, the capital market is very diverse, At that time very painful, enterprise development speed too fast, no way to meet market demand, bring a series of pressure, suppliers and customer pressure, the team's own pressure that time very very uncomfortable.

Moderator: The second question of what kind of business needs, there is no such service?

Zhiquan: I think today's business or the situation today, is almost impossible, so rational to look at this matter, personal opinion, I think many entrepreneurs are the first business for this thing is not so heavy, but can take money as early as possible to take money, so enterprises in no capital market listing, their own enterprise really socialized before the public , everything needs money.

Moderator: Is the lack of money is the normal?

Zhiquan: Yes, only money in hand is safe.

Moderator: I would like to ask Li Zhen, Wang General business enterprise, in his business you internet financial Services in the process has not met such enterprises, there is no service for such enterprises, there are no more services available to them.

Li: Internet finance in this field everyone is a small micro-enterprise, we do the users are Taobao sellers, if like Wang always doing so large enterprises, to a certain scale, such as banking and other financial institutions to serve him, I think in fact in the internet age, I feel like this small micro-enterprises, Day from the point of view of financing, the day will be better than before, is like now, for example, you are a day cat sellers, or in some large platform, Jingdong platform is a supplier, they can now solve a problem of accounts receivable, there will be a very long-term account, Now these platforms according to the Accounts receivable data has the financial institution to be able to serve, we also and this kind of platform has similar this aspect cooperation, I thought to the second step is what? is to say that credit loan, in fact, the traditional financial institutions to small micro-enterprises to borrow time to encounter a problem how to judge the credit of this enterprise, small micro-enterprises to provide reports very difficult, unreliable authenticity, on the Internet platform, in fact, to go through their own operations, we can see that there are a lot of data can be accumulated, Now provides a new way to judge the risks of this small micro enterprise but this stage is actually in an experimental stage, is just I talk to Chen, small micro-enterprise financing is very difficult, how these data become a model, and then judge the risk of the enterprise, still in an experimental phase, This requires a process.

Moderator: We know that investment is a risk, if you send a shop to operate a loan do not know whether people will vote, I believe Chen always have a view of his loan.

Jiangnan Angry youth: One is borrowing, financing the angle is good, the concept of more equity financing, if borrowed from the credit financing point of view, I also feel small micro-enterprises through credit to solve the expansion of the possibility of reduction, if put in a decade ago 20 years ago, many large enterprises are relying on private borrowing, then borrow money, Borrowed money can create very high returns, you can cover two, they can develop. Now, by this time, you will find that so many people are here, in the end we are Taobao such a big platform to make the vast majority of profits, 70 billion, we end how to earn, so this thing is to expand their possibilities in fact in the lower, because we are borrowing money, Borrowing money is the only way you can pay the interest after you've earned it. If not make money to you more money is even worse, entrepreneurial perspective is not very supportive of enterprises to start a business, to borrow money to achieve self-employment, and now the probability of a significant decline in success is that we have a few government officials talk about, and in fact, entrepreneurship more and more difficult, Perhaps because the financial institutions do not lend him money, I think it is impossible, there is no way to think of themselves as a profit, why give you money, give you money just harm you, a lot of small business shop two stores want to borrow money, a lot of this situation, he surpasses you, is any enterprise has its own survival mode, is your management ability is intermediary, Cannot surpass this ability unceasing growth and accumulation, you Tube 10 person, 20 person, can you manage 100, 200 person? Not necessarily, we look at Germany and the United States, I believe he was a small workshop for decades did not want to do much, our country is desperately want to put their own place desperately expansion, and then come all dead. I am not very supportive, I am more agree, is a small micro-enterprise is a big problem, so the whole world, very normal, a country small micro-enterprise financing is not difficult a country has problems, so is the same, itself not realistic things, impossible. Small micro enterprises more in favor of his investment equity financing, not bad time to give you money, good with you good, good with you, Ali is someone else borrowed him 50 yuan, Ali so good, lend him 50 dollars of people cool? But he was very risky, and most people borrowed 50 bucks, not yet, through financing to achieve the package lending to achieve, tell us a contrary, you do most of the good, willing to share the risk with you to have the benefit of the money, the reception of dry sex, splashed some paint what life can not be. Lending this behavior I personally do not agree with, so small micro-enterprises to finance, if you are good, and we do not matter, this time the big financing banks themselves are doing.

Moderator: So I sum up your point of view, that is, small micro-enterprises or electric business enterprises, do not have the opportunity to obtain financial institutions financing or loan opportunities, it is your core point of view.

Jiangnan Anger: The probability is relatively small, is that we last year's total retail sales nationwide should be 18 trillion, is really in the bank to obtain the proportion of loans, excluding large and medium commodity transactions, pure commodity circulation industry in the bank loans less than 5 per thousand, very small, the opportunity is not big.

Moderator: You feel that you can not do, not to do this business, the risk is very high.

Jiangnan Angry youth: input and output is not accounted for, may be able to make money investment very high, there is no way to cover my costs, leaving a lot of such opportunities, the Internet has lots of ways to let him down the cost of investment, but the business is maintained, traditional economic practices, has no way, so this is why there is no way to do, we are small enterprises , we can't make decisions.

Moderator: You have an idea about risk control, no matter what kind of financial institutions are similar, or the result is good, because he did not happen in the process, and then the accident later proved that he did not good, can not inspect his ability before, now on the Internet financial data such a way, What do you think of the risk assessment and control?

Jiangnan angry youth: In fact, there are many views, large data are touching, because the large data after the advent of the internet can be mature, that is, the Internet has a new emerging things, all financial institutions want to try, but no one dared to do, the Internet into a lot of enterprises want to use this way to control, I think so far is not feasible and reliable, the possibility of success is not too great.

Moderator: We ask the King general, then the process is always short of money.

Zhiquan: I very much agree with what I said just now, using big data to do finance is nonsense, and internet finance, I said absolutely. Data prove that in the future, if the data can analyze an enterprise's good or bad, then the world analyst should master, that is impossible, because this countless times, impossible. In fact, you see, I do not agree that there is a very difficult situation for SME financing in the world, China's system, this credit system is a big problem, we China looks very strict, in fact, the bad system is that we China can bankrupt individuals will not go bankrupt, causing the borrower's huge risk, foreign is you once found bankrupt , the responsibility of the individual is unlimited, China set up a limited company, you personally did not go to bankruptcy. And abroad he is different, Starbucks this company up, is to do this thing, relatives and friends recruit a lot of, make a barbecue, let everyone do, in the United States is absolutely legal, there are a few conditions, the condition is that information to be transparent, another information to be true, if the barriers to break down, the borrower will not have, The internet has this possibility, the project is doing very, very clearly, information to ensure that he is true and transparent, we can, to vote for him, whether it is win or lose, based on their own judgment, do a favorite thing, you can do his success, now the key issues, information is seriously opaque, information opaque can not rely on large data, large data your sales , an impossible, margin high margin low, or short-term profit and loss, he is completely transparent, and most people, is not have a simple look at the financial statements to see the data can be judged by the quality of the company's judgment, do not have, the Internet can be all-round, So I think this will have the Internet today, such enterprises come to this point to solve the problem, today, in fact, many of the public to do so, if our China in the field of electricity is more obvious, I think we China's entrepreneurial environment is still very far.

Moderator: Because I found that there are a lot of the views of their two people are consistent, and now seems to have changed, I would like to ask your platform there is no shop to finance, they have a mortgage car and house?

Li: There are shop financing, there is no car and house.

Compere: Do they use data to analyze this matter to be reliable?

Jiangnan Angry youth: not reliable, there is the possibility. In fact, the first capital, because he was successful, there is the possibility of large data is relatively small.

Moderator: New customers do business is such business people say not reliable.

Li: Just now the King always said that all our loans were based on individuals, solve the problem of the company and personal issues, so all of our borrowings are based on the individual to borrow, so our credit standards through his personal credit and his industry common business judgment, so he will provide a lot of personal information, Including proof of his repayment ability and willingness, in fact, the way we used is still partial to the traditional, then we are now slowly excessive, personal point of view through the Internet data analysis of future prospects. First you can quickly understand the industry by means of data if you work with this vertical industry platform, you can know what he is in this industry, you can also know what the industry's key indicators, and in large data, the whole network of data is actually false is very difficult, unlike online, offline can provide materials, But in the whole network, you are very difficult to go for a long time, and this information to forge words is very possible, contradictory. So now also doing some of this with pure data in the way, make credit judgments and standards. Of course, we do this set of methods, in fact, for small, is that we now average loan amount in 50,000, not more than 500,000 such a range, different amounts of coverage for different customers, I think we adopt a more suitable way for our customers, of course, if it is such a large amount of enterprises, we will adopt other ways.

Moderator: I would like to leave a question to the guests here, do we have a network of people who have access to financial services such as the internet finance companies, not one?

Zhiquan: Just now Li Zhen said that this situation is logically not tenable, why do you say so? Now the net becomes a lot of young friends, his consumer credit records will not be very complete, or less, or occasionally defaulted credit card situation, the probability of a higher number, because they will spend money and will earn money, not necessarily statistical data toss, can toss people credit record is poor, so that, if it is not will be missed, It is possible to miss such an active crowd.

Li: Now very imperfect, we can service or only in the middle of the next layer PK, we have a lot of very good quality users, is happening, answer a question, like our users are a lot of part-time, he worked in a public institution, and then opened a Taobao shop, or maybe in this institution to collect, And our borrowing to share, is everyone, he may be one months 2000 dollars, so we work we have to judge, he will not be 2000 dollars a month to run, this is our work, so why say data way in the future can do? is not to judge the future development of the enterprise how good, just to judge whether the enterprise can return money, this is a difference.

Moderator: Jiangnan You have been to the internet finance industry to put forward your own opinion, you think this industry to survive not too much, and even talked about whether the internet finance has subversive financial, new business development so quickly so good how do you see, and your point of view is a little gap?

Jiangnan Anger: I think so, financial is a what industry, finance-oriented, electric business up, just said the point of view, to do 100 billion scale every day sleep, do you think you succeed? Not necessarily, the electric dealer can go to 100 billion flowing water to laugh open the flower, financial industry is more than who live long industry, who can not believe who won, really is so, so there is no way to judge, this year he is good or next year he is good, for me the meaning is not particularly big, the assets to rot or what sightseeing on the sightseeing, A bunch of people stuck there and couldn't stop.

Moderator: So all said, online text is very sharp is angry blue, offline also do not do well and bad judgment. Ask everyone a question, the electricity business development process lacks the money? I think the internet finance is now facing such a large user, I hope to see more development of our Internet finance, and then like Wang, there are so many network business and demand can be resolved, the time relationship thanks to three guests, thank you!