In recent years, “asset shortage” has been a hot topic in the financial and even national economy. The process of inclusive financial “Pu” has greatly expanded the target group of financial services, but the quality assets are still lacking. At the 2017 Randy Financial Technology Summit Forum held on July 15th, the China Mujin Assets Ecological Forum, the regulatory layer, Scholars, industry leaders and representatives of the capital side, on the asset-side ecological construction under the new mutual financial structure, they all believe that whether the mutual gold industry can obtain stable high-quality assets becomes the core standard for testing the platform strength.
Financial demand does not match supply
For the topic of asset shortage, in the forum on the same day, mutual gold practitioners made judgments against common sense. Wang Zhengyu, founder and CEO of Xinhe, asserts that “asset shortage is a false proposition. In today's Chinese market, most financial institutions will feel competitive and difficult to obtain valuable assets. But if you look at the data, you can find that the loan service is The proportion of GDP in each country is 7% in mainland China, far below the average level of developed countries. For example, the United States has reached 22%.
The asset shortage we are talking about is that there is a problem in the matching between demand and supply, and it is a problem in service coverage. There are still 500 million high-quality groups in China, and financial needs cannot be met. In the field of small micro borrowing, there is no problem of asset shortage, as long as you can find your own position."
Xu Jianwen, the founder and CEO of Rencai Cai, also disagreed with the “asset shortage”. He put forward his unique insights on how to accurately position the car loan industry.
“The mutual gold industry has long been misunderstood by the user group of car loans. In fact, not all car owners are the target of car loan service. China’s huge self-employed group is 20 million private entrepreneurs and 60 million individual industrial and commercial households. It is the target audience for car loans." Xu Jianwen said that the characteristics of car loan lending make it a "killer" financial product for self-employed people. "Self-employed people have good repayment ability and economic strength, but due to the lack of recognized credit records, regardless of Whether it is a bank or a credit loan, it does not cover the vast majority of people in this group.
The advantages of high loan credit, fast loan, and simple procedures have just matched the financial needs of this group of people, and at the same time solved the problem of risk control of low-income people 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 cleaned up."
Domestic credit information system needs to be improved
However, due to China's immature credit system at the present stage, it is difficult to identify and tap high-quality assets.
Liu Shengjun, president of the China Financial Reform Institute, said in the forum that credit reporting is the infrastructure of the entire financial industry. However, China’s credit construction has been a pain point and a short-term for many years, making our financial industry encounter very much in the development of the private sector. Big bottleneck. China's Internet finance has developed to the forefront of the world. The construction of our credit information system should proceed from the national conditions and carry out more innovations.
In addition, financial institutions need to improve their ability to mine quality assets. Hu Qilin, an investment partner of Sequoia Capital China Fund, believes that there are still a large number of securitized assets in the market, but the lack of data and risk judgment basis is the main cause of the current “asset shortage”. The transformation of asset management institutions needs to detect data and technology finance. Realize risk pricing capabilities, develop differentiated products with non-standard products, and improve operational efficiency.
Platform to identify asset positioning
2016 is the first year of mutual gold supervision, and the mutual rectification work of mutual gold has been fully promoted. The supervision intervention has enabled the industry to reshuffle, and the platform differentiation is intensifying. With the implementation of regulatory measures, the head-to-gold platform is expanding its leading edge. From "second-hand channels" to "own assets", it is the upgrade path given by Ji Min, deputy director of the Research Bureau of the People's Bank of China. Some platforms of Mujin are at best a second-hand or even three-handed distribution channel, and the platform with its own real asset side will present a decisive advantage in competitiveness and vitality.
Wang Zhengyu said that behind the assets is the customer, the mutual view of the asset perspective, should be upgraded from "things" to "people." In this way, the growth of user-friendliness is extremely important, and the “low-starting, steady growth” lending product strategy can expand the customer base covered.
Wu Hao, deputy general manager and CMO of Zhongan Insurance, pointed out that China's vertical financial market is very different, and the highly vertical market, whether it is car loans, cash loans or asset upgrades in the consumer market, needs to include financial technology and IT technology. Supported by the complex technical system of data technology.
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