Where is the way to transform the stock of P2P out of the historical stage?

category:Finance
 Where is the way to transform the stock of P2P out of the historical stage?


The quantity is completely zero

The risk of Internet finance has dropped sharply. The number of P2P online lending institutions in operation nationwide has gradually decreased from about 5000 during the peak period to zero in mid November this year. On November 27, Liu Fushou, chief lawyer of the China Banking and Insurance Regulatory Commission, said in an open forum.

Previously, at the State Councils regular policy briefing on November 6, Liu Fushou introduced the major achievements made in preventing and resolving financial risks. Among them, the number of P2P online lending institutions in actual operation nationwide has dropped from about 5000 during the peak period to three; the loan scale and the number of participants have declined for 28 consecutive months.

According to the data released at the CBRC news conference on September 14, 2020, by the end of August 2020, there were 15 online lending institutions in operation nationwide, down 99% compared with the beginning of 2019; the loan balance decreased by 84%; the number of lenders decreased by 88%; the number of borrowers decreased by 73%; the number of institutions, loan scale and the number of participants had decreased for 26 consecutive months.

On October 22 this year, CBRC Statistics said that there are still 6 online loan platforms in operation. Only 15 days later, the number became three. By the middle of November, P2P platforms in operation in China had been completely destroyed.

However, at this time, on the one hand, there is still little hope for the industry record which has lasted for several years, and on the other hand, the regulatory clearance signal has become increasingly clear.

In the process from 1 to zero, more provinces are accelerating the clearance of online loan platforms within their jurisdiction. On November 9, the local financial supervision and Administration Bureau of Shaanxi Province announced that the latest number of P2P institutions in the province was zero. Recently, the office of the leading group for risk prevention and resolution of online lending industry announced that the seventh batch of two online lending platforms in the province voluntarily withdrew and declared that the online loan business had been settled.

According to incomplete statistics of public information, from October 16, 2019 to now, at least 19 provinces and cities have publicly announced the total ban on P2P business, and dozens of provinces have disclosed the clearing notice. Senior practitioners of a financial technology platform listed in the United States in East China estimated that only 1% of the platform cleared online lending business and completed the transformation, only a small number of platforms can survive by relying on the strong strength of shareholders.

Who transformed early

Who can survive

Recently, financial technology platforms listed in the United States, such as Xinye Technology (paipaipai loan), Jiayin Jinke (you and I loan), 360 Digital Technology Co., Ltd., have successively disclosed the clearing of P2P business. At the same time, the assets of these platforms from licensed financial institutions such as cooperative banks and trust have reached nearly 100%, and these businesses have gradually contributed most of the revenue.

In this process, we can see that the head platform, especially several financial technology platforms listed in the United States, have financing guarantee licenses. (financing guarantee license) is not necessarily the standard configuration of the platform, but with the license, the platform side will be more legal and compliant to carry out loan assistance business with institutions, on the other hand, it will be easier to cooperate with institutions. Wang Shiqiang disclosed that for risk control, the bank will focus on the financing qualification and strength of the platform side, so as to effectively reduce the risk of overdue bad debts of loan assistance business while standardizing the business.

In fact, judging from the recent three quarterly reports released by China Financial Technology Corporation, it is the general trend that many companies continue to make efforts in the consumption field during the epidemic period and cooperate with financial institutions to expand business, which has also led to the recovery of performance.

According to the financial reports of China Financial Technology Co., Ltd., as of the end of the third quarter, 360 digital technology has cooperated with nearly 100 financial institutions, resulting in a transaction amount of 66 billion yuan, an increase of 17.9% compared with the same period in 2019, and revenue of 3.7 billion yuan, a year-on-year increase of 43.4%; Xinye technology has contributed to a loan amount of 17 billion yuan, a revenue of 1.793 billion yuan and a net profit of 596.9 million yuan, and the source of funds of the platform has all passed the machine It has successfully connected with more than 50 licensed financial institutions such as banks, consumer finance companies and trust companies.

Head enterprises are always strong

Although after the dark hour, the performance of some online lending platforms listed in the United States is dawning, people in the field of digital financial technology platforms are still cautiously optimistic about the challenges after the transformation.

After the platform transformation, first of all, there is a new identity change. The assets and logic of the loan assistance platform and the online loan platform are completely different, which has become the focus of the platform business transformation. In the opinion of the above-mentioned East China platform, one department that did not have before is the institutional capital cooperation department, as well as the supporting product design and business innovation capabilities of the institutional cooperation departments. How to expand channels to obtain lower cost funds and better assets is the most important.

Another problem is how to expand new users and how to retain and transform some old customers? The reporter of Securities Times has noticed that it has realized the retention and transformation of old users through self built scenes and membership system, and the platform with business foundation has preempted the opportunity. At the end of the third quarter of this year, Lexin promoted a 69.6% year-on-year increase in the total number of users through various new services such as Le card and Lok Hua card. At the same time, it opened up online and offline consumption scenarios, and the total number of orders reached 84.4 million, with a year-on-year increase of 49.9%.

However, in the view of the above platform personage, the customer group behind the loan assistance platform is different from that of the online loan platform, which means that many of the customers facing the platform are first loan users, which will test the customer operation ability of the platform.

The organization of loan assistance business is completely different from that of online loan business. The former is funded by financial institutions such as banks, while the latter comes from individuals. The staffing of operation and customer service is completely different. In Wang Shiqiangs view, this means that the platform does not have a flow. For example, for the proportion of margin, some platforms only need to pay 1%, while some platforms need to pay 10%. This has nothing to do with the large and small scale of platform traffic, but depends on the credit qualification of the platform, such as the loan scale of the main body strength, overdue rate and post loan management ability. In his opinion, although the current performance is getting better, it is difficult to say that the platform which used to be the main business of online loan business has successfully turned around, because it will take a cycle to comprehensively test the capital scale, risk control level, operation ability and post loan ability of the platform. Similar to his view, the above platform business personage thinks, the market is still accelerating shuffling, and the effect of constant strength of the industrys top strong will be more obvious. P2P officially quit the stage of history. Source: Securities Times editor in charge: Yang Bin_ NF4368

The organization of loan assistance business is completely different from that of online loan business. The former is funded by financial institutions such as banks, while the latter comes from individuals. The staffing of operation and customer service is completely different. In Wang Shiqiangs view, this means that the platform does not have a flow. For example, for the proportion of margin, some platforms only need to pay 1%, while some platforms need to pay 10%. This has nothing to do with the large and small scale of platform traffic, but depends on the credit qualification of the platform, such as the loan scale of the main body strength, overdue rate and post loan management ability.

In his opinion, although the current performance is getting better, it is difficult to say that the platform which used to be the main business of online loan business has successfully turned around, because it will take a cycle to comprehensively test the capital scale, risk control level, operation ability and post loan ability of the platform. Similar to his view, the above platform business personage thinks, the market is still accelerating shuffling, and the effect of constant strength of the industrys top strong will be more obvious.

P2P officially quit the stage of history