Why is the Peer-to-peer Network Loan Fund pool model repeatedly banned?

2014, China's Peer-to-peer network loans in half of the sea is half the flames of the controversy in the rapid development. Up to now, the domestic large and small peer-to-peer network loan platform nearly 3,000, 2014 total market turnover is expected to exceed 100 billion yuan. With the development and maturity of Peer-to-peer network loan market, the problems left over by barbaric growth gradually appear. One of the most compelling concerns is the problem of illegal pools of funds.

According to the "Geek net" observation, the regulatory layer repeatedly stressed that peer-to-peer network loans may not establish a pool of funds. However, there are still some platforms in the market are blind to this, continue to adhere to the fund pool model. Regulators have banned the pool model because of the high risk of such a model. The underlying cause is that the funding is not clear and the flow of funds is opaque, and in this case the following risk events can easily occur:

1. Ponzi scheme

The platform is already living beyond its means, but it is still possible to continue the game of drumming by borrowing new old ones. Once the capital chain broken, platform powerless fallback, inevitable collapse, run, investors will be wiped out!

2, Low bad debts illusion

In order to attract investors more investment, Peer-to-peer network loan platform tends to exaggerate its own wind control capabilities. A project has already appeared overdue bad debts, the platform in order to cover up the risk, still can take new into the pool of funds to compensate for bad debts. In other words, the investors ' money is not used in the project, and investors can not see it, this will create a variety of false impression. Once a risk event occurs, the loss to the investor is also enormous.

3, roll money to run

Fund pool model, the platform arbitrarily misappropriation of funds the probability of greatly improved. In theory, if you want to run, you can do it anytime. Peer-to-peer network loan is a risk industry, in the run frequent Peer-to-peer network loan market, ordinary investors can not accurately determine whether the platform side will take the initiative to run. So the model is a huge risk for investors.

Why is there such a pattern in the market for the regulatory ban on peer-to-peer network lending platforms? "Geek Net" columnist, well-known internet commentator Zhu Fei that the Peer-to-peer platform for the sale of debt is opaque, is the Trison capital pool model exists in the root. Money pool mode to the fastest, more flexible operation, so many platforms for the sake of the moment, regardless of the violation. Because the creditor's right is opaque, the platform can operate the room to be very big, also difficult to be discovered.

Zhu Fei also pointed out that although transparency has become the current Peer-to-peer network lending market trend, but at this stage there are still many platforms to go information closed routes. In addition to regulatory requirements and standards, the transparency of the entire industry is very slow. This gives those speculators the opportunity to leave! Therefore, in order to fundamentally eliminate Peer-to-peer network loan Platform Fund pool problem, must be in the platform of transparency. Only Peer-to-peer platform funds to be transparent, public supervision can be effective.