Many people don't understand why the bank's wealth management income is only 4%-5%, while many P2P can reach 10% or more. Some wealth managers who are moving towards bank security want to switch to P2P, but they are worried that the risk of P2P is too high. It is very important to find out why the income difference between bank financing and P2P financing is so great.
Simply put, no matter how high, P2P yield is determined by the market. Comparatively speaking, in traditional banks, both borrowers and borrowers face higher borrowing costs. P2P platform is a transaction between borrowers and investors, which not only improves the operational efficiency, but also greatly reduces the cost. Most borrowers of P2P platform are individuals or small and micro enterprises, and these borrowers cannot obtain bank loans for various reasons. However, P2P online lending has a low threshold. Small and micro enterprises are willing to pay higher capital cost to obtain loans in order to finance.
In contrast, the basic terms of bank wealth management products include income type, asset investment, currency, issuance period and so on. These terms all affect the yield of bank wealth management products. In addition, the bank assessment at the end of the month and the end of the quarter, the market interest rate and other factors will affect the yield of wealth management products issued by banks. The main factors supporting the high yield of bank wealth management products have changed since this year. First, the new regulatory regulations and credit risk exposure limit the allocation of wealth management funds to high-yield non-standard assets, and the yield of wealth management products will depend on the investment income under the future asset management framework; Second, with the decline in the yield of money funds, the competitive pressure from alternative products such as Internet wealth management has been alleviated.