Vanishing Peer-to-peer Mystery

Absrtact: Wen/Shanhai, Tencent Science and Technology reported that, Nanjing, a credit for creating a Peer-to-peer network platform has run away, the site June 11 began to stop updating, and customer service calls no answer. By Tencent Science and technology verification, the model is also suspected of creating credit

Wen/Shanhai

A few days ago, Tencent Science and Technology reported that a Nanjing named "Create Xin Loan" Peer-to-peer Network loan platform has "run away", the site June 11 began to stop updating, and customer service Phone no answer. By Tencent Science and technology verification, the model is also suspected of illegal fund-raising. This is the fourth this month, suspected to run out of the network loan platform, before this also has the net Jinbao, the branch network and the fuse treasure three nets loan platform to disappear successively.

And earlier, the public Credit net, the platinum Leah, copper are loans, Fu Xiang Chong Investment, an investor and so on as many as hundreds of Peer-to-peer network loan enterprises or to go bankrupt, or run, they often to "investment and finance", "fund Management", "VC", "venture capital" and many other names appear to cheat "investors" funds. During this period, all kinds of media have been reporting the relevant news, we can not help but think, why people will be fooled, these fresh cases can not give these investors sounded the alarm?

In fact, these investors are Mingchi undeterred, the root cause or interest inducement. According to China's relevant laws and regulations on private lending, the highest yield of private loans shall not be higher than four times times the maximum interest rate of the same bank, generally between 22-26% and outside the scope is not protected by law. In other words, the income of private lending is more than the regular interest of the bank, even many times higher than the money fund, such interests lured, believe that no one can withstand, peer-to-peer network loans are no exception.

Vanishing Peer-to-peer Mystery

As for why the frequent Peer-to-peer network loan platform is closed, or the news of the escape, I think that there are no more than the following three points.

One is "pseudo" Peer-to-peer network loan platform, this kind of enterprise has no intention to do Peer-to-peer network loan platform at the beginning, but hope through peer-to-peer net loan this kind of new way, carry on illegal deposit, again use Ponzi's scam the same means to rob Peter to pay for money, enjoy net loan capital flow to bring oneself dividend, this pattern itself is a scam, But because of the high interest, so many people will be deceived.

The second is to encounter "investors" concentrated run, leading to bankruptcy, which is one of the more common phenomenon. A lot of small peer-to-peer network loan platform, due to the use of their own funds, when the market appeared some signs of trouble, will encounter investors concentrated on the run, because of their own capital reserves problem, this time will often appear no paragraph can mention embarrassment. So these small peer-to-peer network lending platforms generally choose to limit (a single day) the amount of withdrawals, thus reducing the risk of being run.

Third, because of weak credit, resulting in a higher rate of bad debts, normal should be less than 3%. At present, most Peer-to-peer network loan platform lacks the independent wind control system, it is more difficult to send the hope to the central bank's personal credit system. To a Peer-to-peer network loan platform For example, the audit process is only the central bank credit reporting and remote view of the user net silver water, for intentional loan outlaws, the cost of fraud is too low.

To sum up, capital turnover, credit credit system will be Peer-to-peer network loan competition core barriers, who can really master these two points, may be able to wait until the dark after the dawn. Perhaps this is the real reason that restricts the development of Peer-to-peer network loan, and just as the so-called "three poisons" in Buddhism, that is, greed, anger and ignorance, it is human nature.

The night before the dawn

Fortunately, the authorities are strengthening the peer-to-peer supervision, the State Council has decided to be led by the CBRC to assume the supervision of Peer-to-peer research. It is reported that the relevant regulations will be introduced in the second half of the year, on the one hand is to strengthen the intermediary nature of the platform, the other is to avoid the platform itself guarantee function, the third is to prevent the emergence of capital pool, the four is the limit of illegal fund-raising.

And when the relevant rules, shuffle or inevitable, a big wave of peer-to-peer network loans will be issued after the new deal, this may be tempted some peer-to-peer platform to "set up now" reasons. China's Peer-to-peer network lending will be a trillion-dollar scale (105.8 billion in 2013), and its massive eruption-style market and its seductive cakes have also attracted the participation of a wide range of companies, according to a researcher.

And the old financial institutions have been in the past two years into the Peer-to-peer network loan market, whether it is capital supervision, risk control capacity, or capital operation, capital reserve capacity, these enterprises are better than the current "pure Internet companies." In the long run, these traditional financial enterprises peer-to-peer network lending business, more sustainable development.

Further, with the future Peer-to-peer licensing, a few major Peer-to-peer platform competition will be upgraded, Peer-to-peer industry will launch a brand and marketing of a new war. And now more like the night before the dawn, a little careless will be swallowed by the night, through the past is a better tomorrow. Of course, the foundation is not clean those enterprises, even if the current has been washed white, also difficult to escape the nightmare of elimination.

Finally said a peer-to-peer industry good news, foreign Peer-to-peer network loan platform Lending Club is proposed in the recent IPO, its valuation is to reach 4 billion U.S. dollars, this to the chaos of China's Peer-to-peer market, a shot of the tonic. Predictably, with the Lending Club listing, there will be a number of Peer-to-peer network loan platform can be merged into new funds, which is particularly important in the next competition.