P2P Yield Decline Is The General Trend.

In the case of macroeconomic slowdown and A share market performance fluctuated, the net loan market is also moving with the trend. The stock allocation of the stock market has made rapid growth in some platforms, but it has also been restrained by regulators. In the changeable market, the comprehensive yield of net loan industry is decreasing. At the same time, the risk exposure of the platform such as e rents and big groups has made the industry extremely nervous. However, as a new way of managing money, net loan investment has finally gained a reputation in the past year, and the corresponding supervision and guidance has been launched in succession. The net loan industry is expected to enter the stage of compliance and standardization.

Entering the 2016, the investment of net loan industry will still face many challenges. The latest data show that the net loan yield continues to decline; when the new year has just passed, the news of P2P's current financing has been halted; some online lending platforms involving real estate projects have frequently been questioned; according to the guidance requirements of the net loan supervision, the offline promotion of the net loan industry will be restricted, so the cost of acquiring the platform will also be further improved.

From the platform problems in 2015 to the regulatory self-discipline in 2016, Adjustment and transformation How can investors cope with this? Investment experts say that despite the decline in P2P yields, if we build cross platform, long term and short term combined investment portfolios, we still expect to get better returns this year. Li Xianrui, a loan analyst at P2P network research center, said, "when choosing specific products, investors should choose products that meet regulatory requirements. Two, we should pay close attention to the flow of capital and its profitability, that is, what borrowers do with the money."

According to the average return distribution of each platform, the yield of 8% (inclusive) to 12% and 12% (16%) to 16% is the largest, accounting for 47.9% and 34.4% respectively. At the same time, the number of platforms with a yield above 16% is still up to 8.3%. Analysts at the bank told investors, "the risk of investing in this high interest platform is large. Investors should not just look at profits but ignore risks."

According to the reporter, each P2P platform announced in the "interest rate reduction" notice that since last year, the central bank has cut interest rates continuously, in order to maintain a reasonable interest rate level and reduce the risk of investors' investment, and then decided to adjust the rate of return on products.

At the same time, the reporter also learned that as the development of China's net loan industry is still in its early stage and is in need of grabbing market share, a large number of new P2P platforms give higher yields, and even do not hesitate to pay back the profits. There are also some P2P with high interest and attractive banner, which can cover up the bad debt rate of the platform with high yield. As a result, the chain of funds will break down over time, and the result is not going bankrupt. Some of the platforms that are under normal operation will not be able to bear the high cost operation behind the "high interest rate" under the macroeconomic situation.

With the central bank's interest rate cut, monetary fund and bank financial income declined, P2P took the opportunity to lower the rate of return. Many insiders believe that a reasonable level of earnings is the prerequisite for the long-term healthy development of P2P industry.

Central University of Finance and Economics professor Huang Zhen said, "with the continuous decline in bank interest rates, P2P financial yield decline is also the trend of the times." In this regard, many people in the industry recognize this view, and predict that the future P2P financial interest rate will be between 6%-10%, P2P interest rate decline is not a bad thing, the interest rate below 10% is still higher than the "baby" financial management, bank financing and Monetary Fund, for the industry is also the result of regression.

Since the beginning of the balance, the flexible monetary fund has been widely available to investors. Inspired by the "baby class", many P2P platforms launched demand management products in 2014, initially. Profit Up to 8%-12%. "With the gradual decline of market interest rates, the yield of P2P demand management products is also gradually decreasing. Most of them are between 5%-8%, and the earning advantage is still more obvious. Generally, withdrawals can be reached on T+0 or T+1 days. With the high yield and high liquidity, investors have been vigorously pursued." Analysts said.

Recently, the P2P platform has been suspended temporarily. P2P Current projects, this practice has aroused great controversy in the industry. It is reported that the reason why the net loan platform has suspended the demand for money management is that in the "Twelve prohibition" issued by the draft Basic Law of the net loan, it is clear that the net loan platform can only be an information intermediary, and can not directly or indirectly accept the funds collected by the lenders. This also means that there will be a ban on demand financing with funds pools.

According to the reporter's understanding, there are basically three modes of demand management: one is the "baby class" product similar to the balance treasure, that is, the P2P platform sells currency funds, but at present, this method is not common in the net loan platform; the two is to realize "demand" financing in disguised form through the transfer and Realization of the creditor's rights. The mode requires very high liquidity for the platform's capital. Three, the P2P platform sets up a pool of funds, and the investor's funds are invested in the creditor's right project of the platform.

So, is the P2P platform's current projects irregularities? Is it reasonable to halt the current projects? How can the investors choose when it is still uncertain? 360 financial analysts suggest that investors should consider in many ways when choosing a demand financing product. Investors should not only look at the profits, but also refer to their actual liquidity and backed platforms. Besides, the risks should not be overlooked. It is necessary to make rational choices in combination with their own revenue expectations and risk tolerance.