Internet finance is not a single financial form of vocabulary, but a collective vocabulary. Under this vocabulary, different forms have gradually taken on different appearances after development.
From the perspective of top-level design and supervision, on January 23, leaders of the Central Bank, CBRC and CIRC continued to actively evaluate the role of Internet finance at the press conference of the National People's Congress Office of the People's Republic of China, and reiterated their attitude of encouraging innovation and appropriate supervision.
While the regulators continue to blow warm air, P2P online lending and equity crowdfunding, the two most important forms of Internet finance, have shown different development trends: on January 22, Beijing website production The online loan platform of Shandong P2P, which had a large number of high-value investors the previous week, was also empty. At the same time, the process of regularization and sunshine of equity crowdfunding is accelerating, and 9 platforms have become members of the Securities Association of China.
Equity crowdfunding accelerated
No matter what kind of Internet finance business, the ultimate goal or direction is for small and micro enterprises that have difficulty in financing in the past. Among the numerous solutions, equity crowdfunding has become the industry's "new favorite", which has presented a direct financing method and ensured the capital flow to the real economy to a greater extent in a "one-to-one" mode.
One of the manifestations is that the top-level design frequently distributes favorable policies, and the industry ushers in a "sunshine period" of development. Following the drafting of the Management Measures for Private Equity Crowdfunding (Trial) (Draft for Comments) by the China Securities Association at the end of 2014, in January 2015, the China Securities Association absorbed nearly 10 equity crowdfunding platforms to become members.
An equity crowdfunding platform told China Business News that, as an industry still in its infancy, it is crucial for the regulatory level to give legal identity first for future development.
"Compared with the creditor's rights financing of intermediate funds, equity financing is more conducive to the development of the real economy." The head of an equity crowdfunding platform told the reporter of China Business News that equity crowdfunding is not online VC, but to solve the problem of mismatch between supply and demand between investors and financiers with the Internet thinking mode.
"Every year, about one million small and medium-sized enterprises need financing, but VC investors have limited energy. Even if they see 10 projects every day, they cannot meet the needs of millions of enterprises." The head of the equity crowdfunding platform said that at present, some equity crowdfunding platforms have used big data thinking. Use data to analyze the whole process of investment and financing, and all the project details of the platform online are presented in a digital way, and improved through the data tracking and distribution system.
In addition, a threshold screening system will be set up to analyze the overall situation of the project through data, and evaluate the products and predict the industry prospect with the help of industrial third parties. "These are the keys to push the project to the equity platform, rather than the traditional offline interview, lobbying and evaluation," the person in charge told China Business News.
Ai Haiqing, CEO of Tadpole crowdfunding, said that in addition to the equity crowdfunding method involving 3 to 5 people, in the narrow sense of equity crowdfunding, more than 10 people are called crowdfunding. Therefore, it is more important to unite the power of all people and "second degree network promotion". In addition, the demand for resources, strategic positioning and early team management direction at the initial stage of entrepreneurship can all be well helped on the crowdfunding platform. "The key is to raise people, intelligence and resources," said Ai Haiqing.
The "vigorous" development of the industry should be seen from both sides. In addition to the "running" of projects into the field of equity crowdfunding, venture capitalists have also poured in. For individual investors, higher returns and simpler investment processes are "bait" to attract them.
On December 22, 2014, Zero One Finance released the Annual Bulletin of the Crowdfunding Service Industry, which showed that the transaction information of the equity crowdfunding platform was relatively hidden, and the available data showed that 261 projects had completed a total of 584 million yuan of financing in 2014. Considering that the platforms of the first echelon, such as Angel Hui, venture capital circle, roadshow bar, etc., did not disclose detailed data, It is estimated that the financing amount in 2014 will be at least 1.5 billion yuan.
P2P encounters "cold water" at the end of the year
While the equity crowdfunding has become sunny, the P2P platform has received a lot of bad news.
On January 22, the capital chain crisis occurred in the internal and external loans of Beijing P2P online lending platform, and all businesses were suspended, which temporarily became the latest "thunderbolt" in the online lending industry.
According to the data of online loan home, as of January 21, 2015, the total turnover of domestic and foreign loan platforms reached 2.248 billion yuan, and the principal and interest to be collected totaled 934 million yuan; The average loan term is 5.56 months, and the comprehensive rate of return is as high as 39.77%.
Just a week ago, Shandong's online loan platform ran away on the Xianbank platform. An investor who stepped on the thunder platform told the reporter of the First Financial Daily that as a well-known platform in the industry, most of the investors who stepped on the thunder this time were high-value investors, with tens of millions of investors. "I thought the New Year had passed after New Year's Day," said the investor.
Xu Hongwei, CEO of online lending home, said that the recent frequent "thunder storms" on the one hand showed that P2P online lending was indeed a high-risk industry. "It is no secret that 80% and 90% of the platforms in the industry will disappear in the future, and at least half of the platforms in the navigation of the online loan home will go bankrupt." Xu Hongwei told the reporter of the First Financial Daily.
A P2P online loan industry executive said that the internal and external loan was a platform that the P2P online loan industry publicly admitted to carry self financing business at the beginning of its establishment. In the face of such platform nature and high returns, it can be seen to some extent that investors still need to be educated. Industry investors still have a way to go from rational investment.
