The CBRC Cautions Seven Risks &Nbsp Of P2P Loans, And The Yixin Mode Is Alleged To Be Illegal.

Yixin group is introducing its P2P (Peer to Peer, everyone loan) loan platform to people's vision with its strong network. But the good days of P2P's loan platform in the regulatory vacuum are seemingly at the end of the day.

In August 23rd, the office of the CBRC issued the notice of "everyone lending risk warning" (hereinafter referred to as "notice") for the first time to prompt the risk of P2P loan platform.

illegal

P2P

The P2P business model of Yi Xin is to absorb the funds of the fund providers and provide them to the demand side of the fund, which is different from the so-called "self matching". In this process, the matching between the supply and demand sides of the fund should be carried out by Yixin, and the customers can not choose the loan to invest.

The reporter called the customer trust manager as a client. The customer manager told him that when the client was financing the fund, he first signed an intermediary contract with Yixin. After that, he signed the details of the loan customer appointed by Yi Xin, thus completing the relevant legal procedures.

Therefore, the mode of Yixin is regarded as the same as commercial bank or trust company by the industry, but both of them need to apply for a financial licence. A large state-owned personage told the first Financial Daily reporter that the intermediary action of this fund should be illegal.

The CBRC said in the notice that because of the low threshold of the industry and no strong external supervision, all lending intermediaries may break through the bottom line of funds not entering the accounts, and turn into illegal financial institutions that absorb deposits and loans, or even become illegal fund-raising.

But experts also expressed their views from different angles. Wang Lingjun, a microfinance expert, said that such a P2P company should fill the gap of commercial banks' business. It should be encouraged from the perspective of encouraging financial innovation under the premise of preventing risks.

"The threshold of Yixin financial management is low, which solves the financial needs of low-end clients, and most of the borrowers in Yixin are unable to get loans in the bank."

Wang Lingjun said.

In fact, Yixin is stepping up its expansion. At present, it has set up a nationwide service network in more than 30 cities across the country with thousands of employees. Anecdotal rumors that the monthly turnover of Yixin has exceeded 100 million yuan.

At present, P2P platform loan companies are still in a regulatory vacuum in China. Due to incomplete laws, the central bank and the CBRC do not have statutory duties for their supervision, and the CBRC notice focuses on warning banks to pay attention to cross-border risk of risk.

According to the CBRC, there are seven major risks and hidden dangers in the P2P loan platform: the impact of macroeconomic regulation and control is easy; it is easy to evolve into an illegal financial institution; business risk is difficult to control; false publicity affects the overall reputation of the banking system; the regulatory responsibilities are unclear; the quality of loans is lower than that of ordinary banking institutions; and the two mortgage business of real estate has risks.

In China, although there are some companies that stick to the original mode and collect loan intermediary fees, more and more P2P lending platforms are beginning to move below the line.

The so-called offline business is to develop the sales team to manage the investors, the credit team to check the borrowers, to ensure the reliability of information and loan quality, but at the same time, business is alienated from simple alienation into disguised lending.

High interest

At present, the interest that the letter promises to lend to the borrower is 10%, which is higher than the 10% capital cost.

The reporter understands that the company distinguishes the registered capital of the borrower's service unit, that is, the registered capital of the service unit is more than 10 million yuan, the monthly interest rate of the loan is 1.42%, the annual interest rate is 17.04%, and the registered capital of the employer is less than 10 million yuan, the borrower needs to pay the interest rate of 2.34%, and the interest rate is 28.08%.

According to the law of our country, the maximum interest rate of private lending can not exceed four times the interest rate of the same kind of bank loans. Beyond this limit, the interest of the excess part is not protected. The interest rate of Yixin 28.08% is 1.84 percentage points higher than that of the benchmark interest rate four times based on the current one-year lending benchmark interest rate of 6.56%.