Citing the "March 2017 Monthly Report of P2P online Lending Industry" released by Netloan Home Research Center, it shows that the transaction volume of P2P online lending industry in March 2017 was 250.843 billion yuan, which makes the historical cumulative transaction volume of P2P online lending industry reach 4105.269 billion yuan, breaking through the mark of 4 trillion yuan. It is worth mentioning that the monthly trading volume in March also created a record high.
It is certain that it will exceed 4 trillion yuan in March
Net loan home statistics show that in February 2017, the transaction volume of P2P online lending industry was 204.341 billion yuan, and the historical cumulative turnover reached 3,854.426 billion yuan. According to the historical data in the second half of 2016, especially since 2017, the turnover in March will continue to reach 200 billion, and for breaking the 4 trillion mark, it can be easily achieved in late March.
In February 2017, the transaction volume of the online lending industry decreased due to the impact of the Spring Festival holiday. Before the Spring Festival holiday, many platforms stopped issuing bids, and in the late Spring Festival, there are also platforms issuing bids late, resulting in a great impact on industry turnover. In March, the net loan industry was not affected by the changes of the holiday, while the number of bank deposit platforms increased and other good news, the turnover reached a new high.
28 effect intensifies, volume tends to concentrate
In the net loan industry, the 2008 effect is mainly reflected in two aspects, the first is the platform. By the end of March 2017, the outstanding loans of P2P online lending industry increased to 920.966 billion yuan, an increase of 3.97 percent from the end of February. The loan balance of P2P network loan industry shows a steady growth trend. From the performance of the platforms, the total added value of the loan balance of the top 100 platforms with the transaction volume accounted for about 88% of the added value of the loan balance of the P2P online lending industry, while the index value was close to 90% last month. It can be seen that the capital flow into the large platforms with the top transaction volume has gradually become a development trend, and the industry 2008 effect is becoming more and more obvious.
The second is the region. From the distribution of provinces and cities, the loan balance of Beijing, Shanghai and Guangdong was 327.444 billion yuan, 228.577 billion yuan and 171.461 billion yuan, respectively, up by 18.38%, 15.60% and 26.60% from the previous month. The loan balance of the three provinces accounted for 79% of the national P2P network loan industry.
As the depth of compliance rectification progresses, some small platforms may be forced to exit due to the pressure of compliance rectification, a conclusion that the few new platforms added in March also attest to. The large platforms concentrated in the Beijing, Shanghai and Guangzhou areas will still be established and continue to develop. The effect of platform and region will be further intensified.
Compliance remains the main theme
Recently, the relevant departments said that they will extend the compliance rectification period to the end of the year, some platforms in compliance failed to have relevant actions to breathe a sigh of relief. Since the implementation of the August 24 rules last year, compliance rectification has become the main melody of the network loan industry.
One of the major problems in compliance rectification is the depositing and management of funds in commercial banks. Although many platforms have actively embraced compliance and completed bank depositing and management or signed agreements, nearly 90% of them have not yet done so. In addition to the bank deposit, as many as hundreds of compliance content to create headaches for many platforms. After Beijing's rectification was revealed, many industry insiders said the move was "unprecedented" and would result in many platforms being affected or even shut down due to non-compliance.
In response, Tian Zhiwei, a researcher at YunQianbag.com, said that although many platforms were affected by compliance rectification and interest rate cuts in March, the trading volume still reached a record high, which means investors are generally optimistic about the future prospects of the P2P industry. In fact, in the short term, compliance rectification may affect most platforms, but in the long term, it will help filter out the jumble of online lending industry and let the really strong platforms stay. It is of positive significance both to investors and to the construction of inclusive finance.
