Wing Lung loan constructed: using the Internet to invest money is a trend

The investment sector April 9 News, sponsored by the Qing Branch group 2014http://www.aliyun.com/zixun/aggregation/1964.html "> China Internet Financial Investment Conference held in Shenzhen today, Wing Lung Loan founder constructed that whether it is the internet finance or the financial Internet, its essential elements or financial elements, the financial elements of risk control, because I think the internet financial and financial factors summed up is risk management.

The following is a transcript of constructed's speech:

Constructed: Thank you for attending the Internet Financial Investment Conference of the Qing branch. I am constructed, founder of Wing Lung loan. Wing-long loan network in the Peer-to-peer field or more alternative, first of all, some investors say our peer-to-peer how to engage in the form of franchise, this is an alternative. In addition, so far as the peer-to-peer seems to have all the investment, only the wing-lung loan net did not get, of course, in my design wing Dragon Loan, at the outset did not consider the venture capital as the first reason to talk, why? The reason is that I think the internet financial Peer-to-peer also belong to the category of private finance, talk about private finance I think it and traditional banking still have the essential difference, the first is at least not at present subversion, the second I think these elements are private loans, small. So I think we have struggled in this field for decades, Pterodactyl loan I was 97 to do the Internet, 2000 after the end of the project, 2012, we do private lending, from 02 to 07 We do financial information website, 07-09 years later we transform to do peer-to-peer. So I think the Pterodactyl loan team has all the genes and characteristics of folk finance.

Which means we've put risk control first from the start, because whether you are the Internet finance or the financial Internet, its essential elements or financial factors, the financial elements of risk control, because I think the internet finance and financial factors summed up is risk management. This aspect of the Pterodactyl loan I think we're doing well, our data in the whole industry is the lowest rate of loss, one aspect is through our cooperation in the country, operator management, because I have already said, the behavior of private lending is not a large amount, belong to small, so small a problem is the cost, If the loss of credit rate control well, your cost can not get down, this is a double-edged sword, I think it can not be completely done so well, of course, with Internet technology, this thing may be better, because for borrowers, all the data and transactions are based on the Internet.

About Us

I'm going to talk about the Pterodactyl loan, the Pterodactyl net. In fact, it is now on the platform of Development, you also see a lot of regulators to send the voice, this is actually from the beginning of 2013 in a row of three in the national research, I gave the regulatory body to write some reports, I understand that peer-to-peer in China at least at this stage should be p, the Internet does not exist information asymmetry, the Internet does not exist in the information gap, if you vote for the debtor's information you do not know, I think this is not suitable for the Internet environment to show this business activity. So for peer-to-peer I still very worship, I think the next 1, 20 is very likely to go to intermediary, the media. On the day when you want to borrow 100,000 dollars, if you have credit, or if you have a business organization to grade you, then you can completely online to you this 100,000 price bargaining, so this possibility is not too far, five years a little early, 10 years is similar.

Therefore, the form of pterodactyl loans in China, we are also changing, mainly localized. We are now mainly adding peer-to-peer from the Community experience and the Internet, this point in the Pterodactyl loan basically the country should have at least hundreds of community experience shop, if you want to understand it, you can understand that people's livelihood bank in the community of the kind of shop, of course, our shopkeeper to the customers who borrow and loan customers, Financial customers recommend to the network platform, the current product is relatively single, the next step is possible we also want to credit securitization, debt securitization, personalized to the investors to design, such as for small investment institutions we can give you design 5 million, for large institutions I give you design 10 million, a billion, Because the wing Dragon loan does not lack the quality bond, this is in the current Internet finance so fire situation, we so far still only 1-2 months is the Fund sentry duty, usually basically when throws, your money all can go out, this is the wing Dragon loan superiority. What do we call this pattern? In fact, it means that a variety of customer forms are on our platform, we have the entity experience shop, we also have virtual experience shop, we have to provide credit partners, we also have the recommended to borrow money, recommended financial partners, so on the wing Lung loan platform, we are likely to continue to evolve into a financial platform, If the policy allows, we would like to make it as a whole financial platform is not a financial supermarket, which has been doing, we have been in Wenzhou since 2012, we are in compliance with the legal exercise of our business.

In China I think the peer-to-peer has been alienated, unlike the British model, and the U.S. model is not the same, we basically experience shop, various forms of customers, if you say you have money, if you want to be in the financial field to do services, we will basically show on our platform.

About customers

Now I would like to briefly introduce the problem of customers, wing lung loans now 90% belong to three farmers, is the agriculture of more customers, we are in the first and two or three lines of the city is basically very little, we are mainly in the vast number of agricultural loans, because what? Because China's small micro-enterprises say that your financial records are good, normal, basically now the banking industry has been able to get the money, this is our data in the country's analysis found that enterprises can basically get money, not to imagine that I this enterprise she does not have money, what do we do? Is the family self-employed, this piece so far basically China's financial resources, the banking industry is not covered, and this group does not have good financial data, even the water is not, he is a water account, so this piece of our wing dragon Loan in chewing, in principle this is the country is doing, I also for our peers to appeal for a while, In fact, Peer-to-peer Internet finance is a universal financial conditions and concepts, the things we do should be the national financial institutions, by the Government to do, but did not do, we are doing, so I think the barbarians are basically doing things others do not do.

At first do not so noble sentiment, do the Internet, do earlier, also have no experience, 2000 years of Nasdaq crash, we this project is bankrupt, after the bankruptcy to do private lending, do intermediary. So it's actually a common practice for me to do peer-to-peer today, if let me choose other industry I also have no possibility, other also not, so this piece is to do down, to 2012 years after our two settled in Wenzhou, after entering Wenzhou basically half legal state, this time in the regulatory layer in communication, including some government , the invisible social responsibility is up again, Of course, the main reason is 5.11, May 11, 2013 news broadcast on the wing Dragon loans to do a positive report, just why said to be barbarians, I do not think, I think this time the Internet financial innovation and reform, this momentum is not we from the bottom up, but from top to bottom, why? Because you have to look at the 5.11 news broadcast of our 2 minutes to see, definitely not our low-level regulators, including our grassroots-driven internet finance, I was impressed when the TV interview I briefly disclosed that the Deputy Prime Minister presided over a meeting, mainly on the internet finance this piece, and then find a business, say where to find Home Enterprise, casually from the market to find certainly not, the Wenzhou economic system basically put us as the Internet financial Microfinance network this piece in October 2012 to the State Department, may I think there is such a reason. So I think China's internet finance is definitely not grassroots-driven, if you say that it is possible for high-level people to see the things that we grassroots do, the results have all the elements of general finance, but also for the real economy, small micro-enterprises to do something, which I understand, including the 18 big plenary you see, Including the Prime Minister's government work report, Internet finance, I also know that this is the central bank in the national research after a report written to the State Department.

I think so, it must be barbaric from the whole innovation, because any innovation is not suitable for the existing law, any existing law can not be suitable for innovation, I think we would like to thank the Government, but also to thank the central bank's deputy governor, President Liu is one of our members, the Qing branch of Lee always with us very closely. I think the internet still has the properties of the Internet, the financial Internet also can not change the same properties of these two industries, that is to say, how the two industry integration, I personally think that so far by the traditional financial methods or traditional Internet methods are not desirable, because what? Because you're not like the electric dealer, you're doing credit, if you do not build your risk control model, not in the Internet environment for data storage, collation, I think in the future will certainly not go on, this piece from the beginning you have to do, you just put your cards to play well, if you are not the bottom of the architecture design, In the future, when you generate so much data, you are not good for visualization, do not do data collation, so I think the Peer-to-peer practitioners are really not easy, just a man talked about the establishment so short why run so much, we have done so many years in this field to find more and more cautious, you do the financial, Just as the child always said, your fear of finance, you completely use the form of the Internet is also not very desirable, you completely let the financial practitioners do peer-to-peer, to tell the truth as I engaged in private finance, private lending so long I think it really is not very fun, because because of national law restrictions do not let you build a pool of funds, No pool of funds will cover the risk, such as your emergence of a billion risk, if the backstage has 1 billion fund pool can cover it that loses 100 million does not matter, the Peer-to-peer this piece is not able to do, because from the beginning when the President Liu is doing the research to this profession I talk to him he has a little misunderstanding, he thinks the internet finance is the Peer-to-peer, The first time I saw it, I felt like I was going to write him a report. After writing the report I feel from the supervision, from research to peer-to-peer there is an understanding and understanding, because in this before to tell the truth Peer-to-peer was not optimistic about the mainstream society is not optimistic, if the Wenzhou economy if said no wing dragon loan, I believe this peer-to-peer is likely to be passed by the government.

Moderator (Xiaoshuirong): So thanks to the king.

Constructed: I think that as a practitioner in this industry, when you start to do a less lofty ideal, do it with a sense of sacredness.

Moderator (Xiaoshuirong): I remind everyone to applaud the king.

Constructed: In addition if you do not make Internet investments including like children always they, if as we personally do not invest in the Internet, I believe that in the next few years you will regret, so this industry is not important, it is important that you try first, if there is a risk does not matter, you can vote for everyone to lend, he absolutely no risk , another yang has always taken a more than billion dollars, I believe that its risk coverage of the study is very good. The only one we didn't vote for was because they couldn't see us.

Constructed: My feeling is to do some investment through the internet is a trend, if you do not vote you are sorry, if you want to vote then you really are also doing in the general benefits of the economy, microfinance.