In recent years, "asset shortage" is a persistent hot topic in the financial and even the national economy. The process of inclusive financial “General” has greatly expanded the target group of financial services, but quality assets are still lacking. At the 2017 Langdi Financial Technology Summit Forum China Inter-African Assets Ecological Forum held on July 15, the supervisory Scholars, industry leaders, and capital representatives discussed the asset-side ecological construction under the new golden pattern. They all thought that whether they can obtain stable and high-quality assets in the mutual gold industry has become the core standard for testing platform strength.
Financial needs and supply do not match
For the topic of asset rancidity, mutual gold practitioners made an abnormal judgment on the forum that day.Letter and wealthFounder and CEO Wang Zhengyu asserted that “asset shortage is a false proposition. In today’s Chinese market, most financial institutions will feel that competition is fierce and it is difficult to obtain valuable assets. However, if you look at the data, you can find that the loan service is in the GDP of each country. The share of China’s mainland is 7%, which is far below the average level of the developed countries. For example, the United States has reached 22%.
What we call asset shortage is the problem of the match between demand and supply. It is a problem of service coverage. China still has a 500 million quality group and financial needs cannot be met. In the field of small and micro lending, there is no shortage of assets, as long as you can find your own position."
Everyone gets richFounder and CEO Xu Jianwen also did not agree with the "asset shortage", he put forward unique insights into how the car loan industry accurately positioned.
“The mutual gold industry has a long-standing misunderstanding about the user groups that loan to the car. In fact, not all vehicle owners are the target of car loan service, and China’s huge self-employed group is 20 million private business owners and 60 million individual industrial and commercial households. It is the target audience for car loans." Xu Jianwen stated that the characteristics of car loaning have made it a "killer" financial product for self-employed people. "Self-employed people have good repayment ability and economic strength, but due to lack of approved credit record, no matter Is it bank orCredit LoansIt does not cover the vast majority of people in this group.
The advantages of high loan repayments, quick cash advances, and simple procedures match the financial needs of this group of people. At the same time, it also solves the problem of wind control of low-credit groups through collateral and offline risk control. From this perspective, the market for car loans is far from saturated, and the quality assets of the P2P industry are far from being excavated.”
Domestic credit information system needs to be improved
However, due to China's immature credit collection system at this stage, quality assets are difficult to identify and excavate.
Liu Shengjun, dean of the China Financial Reform Research Institute, said in the forum that credit information is the infrastructure of the entire financial industry, but China’s credit construction has been a pain point and a short board for many years, making our financial industry meet people Big bottleneck. China’s Internet finance has developed to the forefront of the world. Our credit system construction must proceed from the national conditions and carry out more innovations.
In addition, financial institutions also need to improve their ability to tap quality assets. Hu Qilin, partner of Sequoia Capital China Fund, believes that there are still a large number of assets that can be securitized in the market, but the lack of data and risk judgment basis is the main reason for the current “asset shortage”. The transformation of asset management organizations needs to find data and technology finance. Achieve risk pricing capabilities, develop differentiated products with non-standard products, and improve operational efficiency.
Platform to identify asset positioning
The year 2016 is the first year of mutual financial supervision. The mutual gold special rectification work has been fully promoted. The regulatory intervention has enabled the industry to reshuffle and the platform differentiation has intensified. With the advancement of regulatory measures, the head-to-head gold platform is making great strides to expand its leading edge. From “second-hand channels” to “own assets”, it is an upgrade path given by Ji Min, deputy director of the People's Bank of China Research Bureau. Some gold platforms are at best a second-hand or even third-hand distribution channel, and a platform with its own real assets will have decisive advantages in terms of competitiveness and vitality.
Wang Zhengyu said that behind the assets is the customer, the perspective of the assets viewed from the gold platform, should be upgraded from the "material" to "people." As a result, the development of a growing user is extremely important. A “low start and steady growth” loan product strategy can expand the customer base it covers.
Wu An, deputy general manager of ZhongAn Insurance and CMO, pointed out that China's vertical financial market is very different. A highly vertical market, whether it is car loans, cash loans, or asset upgrades in the staged consumer market, needs to include financial technology and IT technology. And the complex technology system of data technology to support.
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