As a result of the integration of finance and Internet, P2P lending has attracted many investors with its high yield and flexible investment, and the development speed is astonishing. However, from the date of birth, bad news such as illegal operation, financial fraud, and money running, etc., have been reported from time to time, and the trust crisis is hard to get rid of. On the one side is the development of the rapid development, on the one hand is frequently exposed scandal, P2P network loans face the problem of what? Can the opening of the market gate of personal credit investigation be able to break the bottleneck of development?
Wild growing P2P lending
P2P lending refers to small loan transactions between individuals and individuals. At present, P2P finance is mainly divided into two modes: online P2P finance based on e-commerce and traditional offline P2P finance. Is different from the traditional offline financial services, P2P network credit transactions on the Internet, and do not need to know through network platform can loan borrowers and spenders on loan relationships in order to realize self-help borrowing.
In 2013, the scale of P2P lending in China has surpassed that of Europe and America, becoming the largest P2P trading market in the world. At the end of 2014, there were 2,358 P2P lending platforms in China and 1,825 new P2P platforms in the whole year, according to a report released by the China payment and clearing association. In 2014, the total amount of P2P online loans in China was 329194 billion yuan, an increase of 268.83% over the previous year.
While the online P2P lending industry is booming, it has been plagued by risks. Also from China's payment and settlement business operation report 2015, according to data from 2014 in our country appears to stop operation, withdrawal difficult, lost in the problem such as run P2P network platform, a total of 287, which increased by 212 over the previous year, an increase of 282.67%.
The rapid growth of P2P lending in China is accompanied by a rapid increase in risk, which can be described as barbaric growth. Professor Tian Lihui, director of the institute of financial development at Nankai University, told reporters.
The core issue is credibility.
The Internet finance is the core of risk management, its development must solve the problem of asymmetric information, allow users to timely understand financial services provider operating conditions and different degree of risk of the project, in order to minimize the investment risk. Li Xiaofeng, director of the financial information institute of People's Bank of China, has said.
Specific to P2P lending, Tian Lihui said that the online loan platform itself is easy to set up, in the case of lax supervision, fraudulent platform may appear. In addition, since P2P lending is through platform loans, the lack of bank professional credit process, in China's credit system is not sound, it is easy to generate bad debts and even the problem of default. However, the borrowers are making loans on the platform for the pursuit of profits. Therefore, the platform with excessively high yield is easily sought after in the short term, which leads to adverse selection.
P2P lending platforms are easy to aggregate investors because of their low threshold and high yield. As a bridge for lending, the platform is less independent.P2P network credit transaction object are strangers who don't know each other, as a result, investors will need to use the data analysis of the borrower to complete credit and risk assessment, but the credit reporting system is not perfect in our country at present. Tian Lihui said, now our country the development of the P2P network is borrowed sticking point lies in the imperfect credit system, credit system is a P2P network credit industry norms and healthy development of the necessary premise for a long time, is the core issue of P2P financial credit risk management.
According to statistics, by the end of last year, the central bank credit reporting system includes 860 million natural persons of information, including credit record of only 350 million people, the natural person and the credit reporting system, it is not open to P2P platform.
Credit can help reduce risk.
Earlier this year, the central bank issued the notice about make preparations for personal credit business, Carla credit management co., LTD., Sesame Credit management co., LTD and so on eight institutions to be prepared for the personal credit business, the domestic personal credit market gate open formally. Since then, the Carla and Sesame credit system has been launched, and after five months of preparation, the personal credit card will be officially unveiled in June this year.
According to Sun Tao, chairman ofCarla group co., LTD, P2P progress towards mass, high frequency, small lending services development, and to achieve this goal, you must have a mass of user data and credit evaluation.
It is understood that the total transaction volume of Carla in 2014 amounted to 1.8 trillion RMB, among which mobile payment and merchant receipts were the top three in the industry. With 300 cities, close to 100 million users and 3 million merchants, Carla, with big data advantages, has cooperated with a series of P2P platforms, such as the favorable network, to reach the credit collection business. Through massive data, P2P lending platforms allow strangers to borrow and have credit judgment, which not only effectively reduces risks, but also greatly improves efficiency.
Credit investigation helps to reduce the risk of P2P lending, and the marriage of P2P lending and credit investigation is the core step of the healthy development of P2P lending industry in China. The cracking point of P2P credit investigation is that the government should implement the construction of credit investigation system, improve financial supervision ability and strengthen the effectiveness of economic law enforcement.Tian said.
Sun Tao said the koala inquiry, now a licensed personal credit registry to carry out the qualification and enterprise credit, by way of holding, key development individuals, businesses, enterprises and professional credit evaluation system, and explore the perfect credit market in China.
Each credit agency introduces the standard and the score of credit score is different, how should consumers reference and choose? Wu Jingmei, a professor in the school of finance, Renmin University of China, said the credit market is still in the early stage of development in our country, if you don't improve products according to the requirements of the social public enterprise, not in accordance with the requirements of the external supervision, laws and regulations, standard management, is likely to be eliminated by the market, the resulting one or several large professional rating agencies.
