Why P2P Yields Far Higher Than Bank Financing?

Recently, a well-known portal website worker recommended Miss Li's financial products to her company, with a profit of up to 9.8%, and hinted that it was a guaranteed capital.

Miss Li said, "why is the yield of financial investment companies higher than that of financial products?"

Reporter survey found that two kinds of financial products investment targets are not the same.

Many people in the industry are exposing themselves to P2P financing because they can not borrow money from banks, so they are willing to pay more cost to P2P enterprises to borrow money.

The yield of bank financial products has shrunk.

This week, a total of 887 RMB non structural financial products were put on sale, with an average expected rate of return of 3.93%, down 0.03 percentage points from last week.

The downward trend in April was very obvious. The average expected rate of return fell from 4.05% at the beginning of the month to 3.93% at the end of the month, which has fallen 0.12 percentage points.

Analysts said that the average expected yield of financial products of state-owned commercial banks was 3.46% this week. The average expected yield of the joint-stock banks and city commercial banks with a higher average expected yield is approaching 4%.

And reporters from Guangzhou's major banks know that next week's sales of financial products, the expected yield of more than 5% of the products are rare.

The decline in the yield of financial products has led some investors to turn to P2P based financial investment companies.

Although the industry has concentrated on negative news last year, popularity is still rising.

According to the data released by the net loan home, in March 2016, the P2P net loan industry achieved a total turnover of 136 billion 403 million yuan, up 20.70% compared to February 2016, which is 2.77 times the volume of March 2015.

From the data in April, so far, turnover has been relatively stable.

The reason is that the yield of P2P is much higher than that of bank financing.

According to the third party data, the net loan industry's comprehensive return rate was 11.63% in March, a decrease of 0.23% compared to the same period, down 3.39% from the same period last year.

The average annual yield of the P2P platform, which was monitored by the silver rate network, was 9.60%, a decrease of 14 basis points from the previous week, with a yield of 8% to 10%, and a total of 10% less than 62.2%.

At the same time, the rate of return above 15% is still 5.6%.

Yan Zi Jie, a financial analyst at the bank, pointed out that

The P2P product has also been affected, but it still leads a lot compared with the yield of the bank's financial 4%.

Why can P2P enterprises yield so high? Yan Zi Jie pointed out that P2P is mainly based on personal debt, and some of its creditors are small and medium-sized enterprises.

And enterprises or individuals who are financing to P2P, or with lower credit rating, or eager to use money, or the amount can not meet the requirements of banks, can only turn to loans from non-financial institutions, and the interest will also be higher.

Everyone gathered money CEO Xu Jianwen told reporters that P2P asset positioning and banks and other financial institutions have different assets, do mortgage customers, this customer group, a small sum of money, financial institutions do not serve, resulting in a higher price than the traditional finance.

The bargaining power of P2P can give customers higher profits.

Because P2P does not have a clear financial identity, it must pay a higher return to get more investors.

In fact, the yield of P2P is also dropping sharply. With the tighter regulation, the yield will be lower in the future.

and

According to Yan Zi Jie, bonds are major items, followed by money classes, and other configurations will not be disclosed in detail.

Although the non-standard creditor's rights were straighten out long ago, there are still some.

For banks, there is a deficit in the target of bank investment, especially non-standard, but a balance is achieved through peak shaving and valley filling.

"However, banks will have a proportional control over investment in these high-risk projects, and they will also hide their secrets, because no one is afraid to take the lead in breaking the match."

Yan Zi Jie said.

360 analysts also said that in fact, banks did not earn much money in recent years in terms of wealth management products, market interest rates kept falling, asset shortage was serious, banks were hard to find more high-quality assets. In addition, the performance of the bond market was not satisfactory this year, and the investment income of bank financing was also affected. Under such circumstances, it is difficult for bank financing to have higher returns, and the profits of banks themselves will also be compressed.

A joint-stock bank asset management told reporters that in the final analysis, the underlying assets are not the same, risk and income are equal, the basic assets of banks are bonds, bonds and other debt investments, and so on. The risk level is low.

and

The risks of docking assets are higher and the profits will be higher.

"Banks must be prudent in operation. Besides, the current bank financial products are rigid payment, and banks pay more attention to reputation risks.

In the final analysis, we have different risk preferences and different customer groups. "

The source said.

According to the latest analysis, in the case of the credit risk of bond market intensifies and the bond investment income falls rapidly, the risk aversion of market investors rises, and there is no effective relief channel in the short term, which has a relatively large impact on the whole financial market.

Especially in April, with the suspension of bond trading in China Railway, the market risk aversion is further rising, and the impact is also gradually being pmitted to the bank financial market. It is estimated that in the next period, the banking information management department will take the initiative to reduce the expected revenue and reduce the leverage ratio, and the bank financial income or further decline.

Yan Zi Jie does not agree with this view: "many P2P companies are very hard to simply do online.

If a financial company has more than 30000 employees nationwide, it will actually catch up with the number of large branches of the four major banks. The cost is also quite high, but its asset size is far from the size of a bank branch.