Disadvantages of p2p creditor's rights transfer In fact, the most important risk of P2P financial bond transfer is the risk of the authenticity of the target. According to relevant laws and regulations, the transfer of creditor's rights should be based on the real existence of the transferred creditor's rights, and the formation of real creditor's rights should precede the transfer of creditor's rights. If the transferred subject matter is forged, the transfer of creditor's rights and money will bear the risks brought by the subject matter. In addition, for the mortgaged subject matter, if the mortgaged property right is not effectively established, it will lay a risk for the possible disposal of collateral in the future. Due to the transfer of creditor's rights, this will further hinder the realization of mortgage right.

The negative list of the Regulatory Measures prohibits the platform from "carrying out asset-like securitization business or realizing the transfer of creditor's rights in the form of packaged assets, securitized assets, trust assets and fund shares". It can be seen from this article that the negative list prohibits securitization business and financial business, that is, the transfer of creditor's rights with cross-border financing nature is prohibited. Negative list prohibits the transfer of creditor's rights of financial products such as securities, trusts and funds. First, because the sales behavior of such financial products already belongs to the essence of "issuing securities", it should be supervised by the CSRC and need to obtain the corresponding financial license; Second, products such as trusts and funds are restricted by qualified investors, while products such as trusts and funds are sold in split packages, which breaks the restrictions of qualified investors, making the risk transmission scope of products such as trusts and funds unlimited, and many investors who cannot bear the risks take risks beyond the limit.