Ping An Jin Lu Institute and Jin Lu Service are two different concepts. Originally, lufax was a P2P platform with the number 1. However, with the promotion of supervision, P2P business has been gradually divested to Jin Lu, and it is normal for lufax to announce its withdrawal from P2P business.
This kind of operation is a bit like banks and financial subsidiaries, mainly to solve business specialization and avoid joint liability. In this way, in the future, Jin Lu Service will be responsible for P2P business, completely isolated from lufax's business.
Investors are more concerned about whether the P2P security of Jin Lu service will be affected in the future, which really needs attention, because many people are optimistic about this brand when they invest in P2P in lufax. After all, most investors lack the ability of analysis and judgment, and invest more according to the background and scale. This kind of investment has its own problems.
To solve this problem fundamentally, we need to deeply understand and analyze P2P. After all, we are investing in real money and high-risk investment projects. If you simply look at the background or follow the herd rule, it is difficult to control the risk.
For a simple example, I am familiar with a P2P platform. The assets are consumer finance, which fully meets the requirements of small-scale decentralization. Each asset corresponds to a real consumption scene, and the bad debt rate is only 1.4%. Now its main source of funds is financial institutions, accounting for 70%, and only 30% of the funds come from P2P platform.
As can be seen from the above three points, it is not easy to invest in P2P. A high-quality P2P platform must be able to produce high-quality underlying assets. At present, I am only optimistic about consumer finance and supply chain finance. This time, lufax's response to the transformation of consumer finance may also be the reason, and strive to provide high-quality underlying assets for Jin Lu services.
Another problem is the financial aspect. If the quality of consumer finance in lufax is high, its financing cost will be reduced, and there is no need for P2P financing. Many funds, banks and wealth management companies will compete to buy these assets. In fact, if you are careful, you will find that some high-quality P2P platforms have shifted their funds to financial institutions such as banks. Just like the example I cited earlier, the cost is lower and more formal.
The conclusion is that the future space of P2P may be very limited. If it develops well, it will be taken away by financial institutions. If the development is not good, the investment risk is too high. So P2P is likely to become a niche investment tool.
When I saw the news of Reuters on Friday, I thought about writing something. Before the group loan storm, I said many times that P2P investment has gradually withdrawn. I have invested in lufax for so many years and shared with you the investment experience of lufax many times. To be honest, I really appreciate lufax's personal online loan investment experience. So far, there is no problem with any investment. So, when I first saw this news, although it was,
There are many transfers in the member trading area. As in previous times, there are still many people who transfer at a discount. Lufax also charged a lot of transfer fees. Of course, as a person who knows lufax very well, I also took the opportunity to grab some old bids. You know, my money has been transferred out before, because the new bid has been gone for a long time, and the old bid is basically gone, so this opportunity is very rare, of course, you can't miss it!
To be honest, this news has no effect on P2P business in lufax. What is really affected is other platforms, and the transfer areas of other platforms have also been blocked in the past two days. The news is to further convey that the P2P industry policy may undergo major changes, the filing may be in the foreseeable future, and it is not impossible for the industry as a whole to be banned.
In fact, the interest rate of private lending has been high for a long time, which is also the reason why the state encourages the development of inclusive finance and microfinance. The development of Internet finance is loan and repayment, which makes the investment demand and loan demand connect conveniently, efficiently and quickly. It's actually a very good business model.
But in fact, the barbaric growth of the online lending industry has made P2P a tool for criminals to harvest, and 8000 has become 800. How many investors have been touched by the closed platform, and how many people have lost their blood.
In addition, the return on formal platform investment is getting lower and lower, which is not worth the loss compared with the risk, so the development of the industry will be very difficult.
As for the above meaning, it depends on whether this year's filing can be completed. If it continues to drag on like this, its attitude will be very clear. If you see that it really requires one thing, can it take so long?
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This is a smart move, because when the Internet started P2P, it adopted a different name, called online lending P2P. In essence, it is the internetization of usury, and the supervision has not had time to keep up. When the regulatory response came, online lending was already huge and could not be simply stopped.
Last time I heard a person who entered the financial industry in the 1990s say that usury was illegal in the past. If you are accused of usury, you will go to jail.
Only in recent years, with the rapid development of Internet applications, Ant Financial dares to break through the bottom line and take the lead in promoting Internet loans. In other words, it is called internet finance, which is essentially a high-interest loan, and loans are issued at a loan interest rate several times higher than that of banks. It should be around 20 15. Inspired by Ant Financial, Internet finance has developed rapidly, and all kinds of P2P have mushroomed. With such rapid development, there is no way for supervision to cope with it. Only by continuous improvement and gradual introduction of supervision can the barbaric growth of P2P be curbed. Later, a more confusing word was invented: financial technology, the core of which is high-interest loans on the Internet.
In the future, online high-interest loans will be controlled, because such loans will increase the cost of some economic operations and amplify financial risks, which must be strictly controlled.
Lufax is a large Internet loan company, backed by Ping An. It is the right choice to consider quitting P2P now, so as not to increase financial risks. Lufax quit, Ant Financial hasn't quit yet. The loan is P2P.
Financial risk is a domino effect. If one place breaks out, it will cause a series of even global risks, so it must be controlled.
Lufax, a financial platform owned by China Ping An, announced its withdrawal from P2P business. Some investors think this is a landmark event. This (P2P) industry is no longer a cold winter, but an ice age.