P2P Platform Turnover Reached 300 Billion During The Year.

According to net loan home statistics, as of the end of 11, P2P platform loan balance of 89 billion 641 million yuan.

Insiders expect that the loan balance will exceed 100 billion yuan by the end of this year.

It is worth mentioning that from the loan term, Guangdong, Sichuan and the Yangtze River Delta region through the P2P platform financing enterprises, the average loan period is about 3 months.

The China Internet financial report (2014) released by China Internet association shows that the turnover of P2P platform in the first half of this year is close to 100 billion yuan, which is equivalent to the volume of pactions in 2013.

A number of research institutes in the industry expect that the P2P platform will reach 2000 to 300 billion yuan by the end of the year.

In fact, most of the P2P platforms did not rely on the scale of bridge loan expansion. However, there are more and more enterprises that need bridge loan this year. There is no lack of P2P platform to excavate this market opportunity.

Xie Qun, chief risk officer of building blocks of Internet financial platform, told reporters in the economic reference daily.

This year, the State Council has promulgated two "Ten States" to ease the financing difficulties and financing problems of small and micro enterprises.

In July, the CBRC issued the notice on improving and innovating the loan services of small and micro enterprises to improve the financial services level of small and micro enterprises. It encouraged banks to have small and micro businesses with financing needs and temporary capital difficulties after the expiration of liquidity loans. Eligible businesses can handle such innovative businesses as renewal loans, annual trial loans and revolving loans.

Under the guidance of policy, enterprises strive to renew loans in banks to become the first choice for maintaining operation and production.

"Liquidity loan is the main financing tool for small and micro enterprises.

A bank usually grants a loan term of one year. After the maturity of the loan, the bank will check whether to renew the loan according to its qualifications.

Generally speaking, the enterprise will use the bank loan for fixed assets and other investment. When the bank audits the qualification of the continued loan, some enterprises will borrow a short loan from the private financing channel to obtain a short-term loan, so as to obtain the qualification of the loan, and then pay back the private channel of this part of the loan. This practice is very common.

A Zhejiang SME Association revealed.

The monthly data of Wenzhou index from Wenzhou Finance Office show that from July to October this year, 60% of private lending funds were used for capital turnover.

"The collapse of the usury crisis in the first two years has cast a shadow on the credit environment of the private lending market, so far it has not completely dissipated. The volume of business in such industries as small loan companies has not increased significantly, but this short-term loan demand has brought opportunities to the online lending platform."

The association said.

According to the "economic reference daily" reporter, in Guangdong, Zhejiang, Jiangsu, Hubei, Sichuan and other places many P2P platform, within 3 months of project financing products are not few.

91 Xu Zewei, a finance company CEO, admitted that the product of "91 fortune" launched by the company is based on the demand for bridge loan and is the direct financial platform for the Internet.

"Bridge loan period is short, not more than 3 months at most, and these enterprises are all enterprises that have been audited before, generally have collateral, and collateral can be liquidated, so investment risk is not big."

91 financial co founder Wu Wenxiong told the economic reference daily, "we give individual investors 8% to 12% of the expected rate of return.

Roughly speaking, the cost of bridge loan on the platform is about 20% of the annual interest rate.

According to the insiders, the cost of financing for enterprises on the mainstream P2P platform is about 15% to 24%, while the cost of financing for microfinance companies is about 30%. Therefore, the cost of Internet loans is slightly lower.

"Generally speaking, banks do not guarantee that they will be able to renew their loans to poor companies in the previous year. In addition, the bank loan policy is adjusted every year, which adds to this uncertainty.

The loan on the platform of an enterprise depends on the length of the real loan period, and it usually takes 3 months or so to bridge the bridge.

Mainly, and over 6 months are basically used for business.

However, the P2P platform does not have no risk of bridge loan. Its risk comes mainly from the scale management of bank credit. If there is no loan, it will directly affect whether the borrower can receive funds in time, and whether the investors' funds can be raised on time.

Behind the expansion of the "enclosure" of the P2P platform, the risk of payment also appears.

Net loan home statistics show that as of the end of 11 this year, the number of problem platforms has accumulated to 275, most of which are "cash withdrawals" or "limited cash withdrawals".

Xu Jianwen, CEO, points out that the smaller the P2P loan item is, the smaller the risk. Generally, it is easy to have problems with a short period of time, such as 5 days or 10 days.

Industry analysts also pointed out that the short duration of general financing projects and their high yields often attract more investors.

In order to quickly attract funds, the long-term loan projects will be split into short term, and large amounts of funds will be split into small ones.

"Although some P2P platforms have introduced third party guarantees, they are only pferring the risk of project loans, not the investment risks of the project itself, and even if there are mortgages, there will be corresponding procedures for the realisation of mortgages when there is a cash problem. Payment may be overdue.

Therefore, in the future, P2P industry regulation and independent credit information system are urgently needed to be implemented, and how far the financial management mode of bridge lending market is going to be further remains to be seen.

An industry analyst who has long been concerned about Internet Finance said.