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P2P'S Collapse: The Industry Receives Billions Of Dollars.

2014/1/4 17:11:00 774

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P2P Waiting For Payment Electricity Supplier

Guo Xintao, CEO, has recently been busy with several partners on the new platform. The P2P company, set up in late 2013, plans to launch investor legal aid fund. It hopes to solve the disputes arising from the failure of the platform for investors. P

"This is an industry that is full of honor and loss. We do not want to see any problems with our peers.

Some enterprises in the industry have difficulty in raising cash, which will lead investors to distrust the whole industry. "

Guo Xintao told the economic observer.

in fact, in 2013, < a href= "http://www.91se91.com/news/list.aspx ClassID=101112107105" > P2P < /a > industry is more worried than happiness.

According to the data of net loan home, the total volume of the 90 main P2P platforms in 2013 was 49 billion, with an average composite interest rate of 23.24%. On the other hand, 74 platforms showed difficulties in raising cash, most of which were concentrated in the four quarter.

It is understood that the collapse of the platform in December only 10, the collapse of the tide has slowed down.

It was 30 in November and 18 in October.

notwithstanding, Xu Hongwei, a net loan house, believes that the market environment in 2014 will be even more brutal than in 2013. In 2013, the more than 70 P2P will collapse, and more and bigger P2P enterprises will be eliminated in 2014. "CEO"

But the industry consolidation period will take place in 2015.

billions of amount received /p >

up to December 31st, the net loan home has monitored the problems of 74 P2P platforms. The most prosperous private lending provinces in Zhejiang, Guangdong and Jiangsu are also the most P2P platforms.

Among them, 17 are Zhejiang, 11 are Guangdong, and 9 are Jiangsu, accounting for 50% of the total number of the country.

in the platform of problems, only 3 were set up in 2012, the rest were set up in 2013, and some even set up problems in the same month. For example, Fuxiang's venture capital in Xiamen, Fujian was established in October 2013, and went bankrupt in the same month, leaving 800 thousand to be collected.

although the establishment time is short, the amount of platform to receive the problem is a huge sum.

The net loan house only counts nearly 40 problem platforms, and the amount to be collected has reached 1 billion 151 million yuan, of which Guangdong Shenzhen's network wins the world, the amount to be collected is 200 million yuan, and the number of people waiting for the loan is 1372.

Fewer than 10 platforms have been counted, but the number has reached 6065. Among them, the number of people receiving loans in Tongling, Anhui is 1742, and the amount to be collected is 110 million.

the real target has been broken down continuously, resulting in capital disruption, overdue project overbearing capacity, and poor management of platform entities.

The first two reasons are poor management, while the latter set up a platform to solve the shortage of funds for large shareholders or behind the scenes bosses.

Once the actual control company has problems, the platform company will naturally burn it down.

this also caused widespread concern of regulators. < a href= "http://www.91se91.com/news/list.aspx ClassID=101112107107" > regulatory dividend period < /a > or will end.

In November 25th, at the inter ministerial joint meeting of the 9 ministries and commissions to take charge of illegal fund-raising led by the CBRC, the head of the central bank's law enforcement division clearly stressed: "while encouraging the development of P2P lending platform, we should reasonably set up its business boundaries, draw out the red line, clarify the intermediary quality of the platform, and make sure that the platform itself can not provide guarantee, and shall not collect funds for the pool of funds, and shall not illegally absorb public deposits, nor can it implement fund-raising fraud."

December 3rd, China payment and clearing Association Internet financial Specialized Committee issued the Internet Financial self-discipline convention.

In December 26th, Mu Huaipeng, director of the central bank's law division, publicly stated that Internet banking should be classified and supervised, and the supervision of new businesses such as P2P would be even higher.

Thus, it is only a matter of time for P2P to get the recognition of regulators. The vacuum period of Internet financial supervision is about to end.

40% yield trap > /strong > /p >

Data from P net loan home show that the platform annualized rate of return is generally higher than 40%. Even more, the interest rate in Anji, Zhejiang has reached 66%, and the amount to be collected is 118 million yuan.

Judging from conventional business logic, few enterprises can afford such a high cost of capital.

Allegedly, from 1963 to 2009, Buffett accumulated a 45 year compound yield of 20.5%.

Corresponding to P, the rate of return to normal operation is at a low level, and the rate of return has entered a more rational interval.

In 2013, the composite interest rate of the 90 main platforms in the country was 23.25%.

Most of the platform's composite interest rates are below 10%, such as Lu Jin's composite interest rate is only 8.61%, while the one city loan comprehensive interest rate is 41.42%.

reporter noted that the platform with lower comprehensive interest rates has a higher volume.

The combined online interest rate is 14.54%, the total turnover is 3 billion 225 million yuan, Lu Jin's consolidated interest rate is 8.61%, the total turnover is 2 billion 596 million yuan, the Hongling venture comprehensive interest rate is 12.49%, the total turnover is 1 billion 895 million yuan.

The total turnover of the three accounts for 15.75% of the total turnover of 90.

Guo Yuhang, founder of dot fusion network, said that the average interest rate of the small and micro enterprises is 15% to 20% on the average of the P2P industry, and the future should be around 15%.

But at present, the supply of funds is tight in the whole market, the interest rate of private lending is rising, and the average borrowing interest rate is above 30%.

from the perspective of industry development, experienced the reshuffle of the 4 quarter of 2013, some platforms which gave higher returns to investors were eliminated. Most of the platforms survived were relatively low and relatively stable.

After a painful lesson, investors are also beginning to become rational.

"Although the rate of return has been reduced, investors have a sense of safety. It is predicted that with the tide of Internet finance, more funds will enter the net loan industry next year."

Xu Hongwei reported to the economic observer.

the era of skirmish will end /p >

it is difficult to operate the platform without grasping the core technology.

"For example, many people who are engaged in P2P are neither from financial institutions nor from the Internet industry. It is dangerous to buy templates from template makers and start businesses. If hackers attack one of the platforms, other platforms with templates will be very dangerous, so these enterprises may be phased out."

Xu Hongwei said.

with the development of the industry, relevant institutions in the industry, such as fund trusteeship, < a href= "http://www.91se91.com/news/list.aspx ClassID=101112107102" > guarantee and rating agency < /a > are being established gradually.

At present, a number of platforms have taken the initiative to include funds in the third party payment platform hosting the central bank's license, such as remittance world, Yi Bao payment, etc.

Funds are placed in a third party custodian account. Investors put money in the account. Borrowers withdraw money directly from their accounts, and the platform will not be exposed to funds during the whole process.

now there are platforms under the cooperation with regular small loan institutions, which provide a principal joint liability guarantee by small loan institutions or cooperative guarantee agencies, and then recommend to the platform, through the platform's audit, including access to the more authoritative third party credit rating agencies, and investigate their bank credit records to conduct credit evaluation, and then recommend to investors.

This model is very good combination of risk control and the explosion of the Internet.