P2P Capital Running Into Stock Market

Last Thursday, Shanghai investor Huang was finally determined to hang out the last 500 thousand investment projects on a P2P platform in the form of bond pfer.

So far, in the past week, he has completely evacuated the original 3 million 500 thousand yuan investment fund on the P2P platform, leaving only one goal - running into the stock market.

The risk of exposure to the P2P industry is accelerating at the end of the stock market.

A number of platform leaders told reporters in Nandu that last week the trend of outflow of funds was clearly perceived, which was manifested in the lengthening of the full cycle of the project and the increase of the pfer of the creditor's rights of some platforms.

At present, each platform to retain funds can be described as a surprise, which has a platform to start to raise the rate of return.

Many insiders, including Lide wealth CEO Hong Kaibin and so on, say that the diversion of funds from P2P to the stock market will increase the risk of the end of the platform, especially the platform of the capital pool mode and the possibility of breaking the capital chain.

In fact, in the past week, A shares have shown that "arrogant" is indeed difficult for investors to calm down.

"Part of it is split out of P2P."

Zhu Mingchun, the founder of Internet loan home and Secretary General of Guangdong Internet Finance Association, said in an interview with Nandu reporters that the first batch of investors investing in P2P is just a stock speculator. In the past two years, the stock market downturn has made P2P the main export of many investors.

He said that although in the past week, the volume of P2P pactions is showing an increase in inertia, but mainly for incremental funding, some stock funds have indeed diverted to P2P.

The head of a P2P platform in Guangdong told reporters in Nandu that in the past long time, the most effective way for the platform to find potential investors is to hide in the QQ group of the major shareholders. The disappointing shareholders of A shares are the main investors in P2P investment, and many platform investors are coming from shareholders.

"Risk tolerance is relatively high, and at the same time, it is customary to get information through the Internet."

Lide wealth CEO Hong Kaibin also said that the earliest P2P investors were in fact mostly shareholders.

Now, once the stock market starts, especially with the Shanghai Composite Index soaring 21% over the past two weeks, it is very difficult for old shareholders to be pferred.

The leaders of many platforms in Guangzhou and Shenzhen have told reporters in Nandu that the target raising period of most platforms has been lengthened, and some platforms have even "marked".

In addition, part of the platform for pferring creditor's rights has recently become more active, and some old investors are pferring funds to the stock market through the pfer of claims.

"We originally intended to enter the online bond pfer and see that the recent capital outflow has been postponed."

A Guangzhou P2P platform leader told reporters.

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As for the specific impact of the rise on the platform diversion, Hong Kaibin believes that the platform with higher returns is attracting investors with higher risk preference, and the impact of this wave of funds diverting the stock market is greater.

Zhu Mingchun believes that from the current observation, the top ranked platform is larger because of the larger investor group, and is more diversified. The impact is relatively small, and the bid time is still relatively short, but some small and medium platforms will be more affected.

Hong Kaibin believes that the diversion of funds to the stock market will increase the probability of net loan platform exposure at the end of the year.

It is reported that from the end of last year, due to the increase in project maturity and tight funding, the end of the year is the peak of platform risk.

In Hong Kaibin's view, under the superposition of stock market diversion funds, at this time, for the platform to operate the capital pool mode, once the outflow of funds exceeds the inflow of funds, it is easy to induce the problem of capital chain breaking.

"The risk of platform accidents this year is higher than that of last year."

He said.

According to the latest statistics of net loan home, since October this year, the P2P industry has broken out a new round of running road. Since October, there have been 66 P2P platforms in the whole country. In November, there were 45 new problems.