How long will the P2P industry reshuffle last?

1.Analyzed in terms of the number of platforms.

According to a platform's June 2018 online lending industry report, as of the end of June 2018, there were 1,836 P2P platforms in normal operation, and a total of 4,347 platforms were closed or problematic, which means that only 30% of the total P2P platforms are currently surviving.

Now the market believes that only one-tenth of the platforms that can finally pass the filing and acceptance, that is, less than 200, so that 1,600 P2P platforms will be eliminated.

According to the calculation of eliminating 100 platforms in a month, it will take 16 months, so that the entire P2P market will enter a more reasonable and healthy state.

2.It is calculated from the time of filing.

As we all know, P2P filing is a life-and-death key for the platform, and only P2P platforms that have passed the filing can continue to operate, otherwise they will be banned or must be automatically withdrawn.

According to the speech of the central bank officials some time ago, it was impossible to complete the P2P filing work in 2018, and now there is news that it will be postponed to June 2019, which means that the survival of the fittest process in the entire P2P industry will continue for another year.

It's definitely not going away.

Although the state is now vigorously rectifying the P2P industry, it is only targeting small lending and private lending institutions with incomplete licenses, imperfect mechanisms, and irregular interest rates.

There are still many people who will need P2P for capital turnover.

Loan side. The P2P industry will not disappear, and will be replaced by credit insurance companies (that is, loan companies under insurance, or under the name of insurance companies, at present, P2P is not qualified to lend on the loan side, and insurance companies have obtained this license. Now the loan companies on the market are gradually disappearing, and the insurance class are in a big expansion, for example, Chinese People's Insurance, Sunshine Group, Pacific Loan, etc., while small loan companies are in Muluo, CreditEase can be said to be the originator of P2P in China, now Yiren Loan is listed, others are also in demand development, Hengchang is now the number of stores across the country are declining, the current situation is also in urgent need of new development, of course, these two companies have many branches, involving a lot of aspects, I'm talking about a simple loan end, but credit insurance is just the opposite, so I don't think P2P will disappear, it's just a new list of companies to operate.

1.The filing of online loan platforms in various regions has been gradually implemented.

The special rectification of Internet financial risks was supposed to come to an end in 2017, but it will be completed in 2018 due to a one-year delay. Last year, the China Banking Regulatory Commission (CBRC) issued guidelines for the administration of online loan filing, but due to the lack of implementation rules, the filing standards vary from place to place, and there is no substantial progress. However, in 2018, this problem is expected to be resolved, and the recently issued Circular No. 57 has set a clear filing timeline, and the filing of online lending platforms across the country will be carried out one after another.

2.Competition for high-quality assets has intensified.

With the intensification of homogeneous competition and the in-depth development of special rectification of online lending platforms, high-quality assets have become the key to the stable operation of various platforms. In 2017, the scope of assets on the asset side of online lending platforms continued to narrow, such as campus loans and financial exchange businesses were banned successively, cash loans were rectified, and large-value target businesses had to be eliminated, otherwise it would be impossible to obtain filings. The positioning of "small and decentralized" on the P2P asset side is becoming clearer, and the competition for high-quality assets on various platforms will become more and more intense.

The market is moving towards segmentation.

In recent years, more and more platforms have begun to specialize in one area of an industry. Some experts said that the more detailed the platform, the easier it is to gain an advantage in the industry, so in 2018, there may be more mutual fund platforms that tend to specialize in subdivisions.

2020 is really a magical year, although this year is not over yet, but we have already felt it, countless big things are coming, and there is one big thing in this, the negative of P2P.