If the investor's payment is blocked, who should bear the final loss?
Judging from the official announcement of Phoenix Zhixin, there are two main reasons why some payments are not paid in time.
First, the overdue rate of borrowing users increased during the epidemic. After all, under the influence of the epidemic, many people lost their jobs at home and their financial resources, and overdue became a last resort when funds were tight. Second, Phoenix Zhixin stopped the new target matching transaction business under the guidance of the policy. The flagship product of Phoenix Zhixin Lending Terminal is "Feng Chu Plan". According to the service agreement, the product has a certain closure period. After the closure period expires, the company will withdraw by means of creditor's rights transfer according to the order of product expiration date.
Objectively speaking, neither of them is the reason for the operation of the platform itself, and the platform side is also actively taking measures to safeguard the rights and interests of lenders. Although the "Feng Chu Plan" has not been converted into debt in time, it is still collecting money one after another.
According to the Implementation Plan for Special Remediation of Internet Financial Risks issued by the State Council, the platform is not allowed to set up a fund pool, issue loans, illegally raise funds, engage in self-insurance or promise to protect the capital and interest on behalf of customers. From a legal point of view, Phoenix Finance also strictly abides by laws and regulations. As an information intermediary, it engages in information intermediary related business in peer-to-peer lending.
As an information intermediary, the platform needs to fulfill its risk notification obligation. Phoenix Zhixin has fully disclosed and informed the lending risks of the lending users before lending. The risk notification document clearly points out that "the borrower's ability or willingness to repay the creditor's rights invested by the borrower is insufficient, which leads to the risk that the project is overdue and the principal and income of the borrower may not be fully or partially recovered. The user can continue the loan operation only after clicking the button "I have read the risk warning and know the loan risk". It can be said that after clicking, the user has to bear the risks mentioned in the risk warning content.
Moreover, the platform itself does not bear the obligation of rigid redemption or bottom. After all, there is no risk without financial investment. From the perspective of financial logic, rigid redemption is against financial laws. In the case of extreme risk outbreak, the platform has the obligation to assist the lender to recover, but the platform cannot pay instead of the borrower.
Investors are not easy, and the platform is also difficult. In fact, the essence of this dilemma lies in people's investment misunderstanding. Under the temptation of high returns, it is difficult for most people to have a clear understanding of risks.
The crux of the matter: know and embrace risks.
Investment is not only a science, but also an idea. In investment, some people realize financial freedom in the stock market, while others are frequently injured, which is the difference in values and investment strategies revealed behind them. High returns are often accompanied by high risks, and low-risk wealth management products often fail to meet people's expectations. To realize the rational distribution of income and risk, the key is to have a correct investment view, which makes risk assessment the most important part and a basic bottom line before investment decision.
According to the network rumors about Phoenix Zhixin, the platform only exists as an information intermediary, and investors' investment decisions still need to rely on investors' independent methodology. Investors need to have a clear understanding of their own risks and product risks, accurately evaluate the risk tips of the platform, weigh the benefits and risks, and then make a final decision and bear the corresponding results. There was no early warning of default risk, but the platform was blamed for the risk after the outbreak, and the platform was forced to change.
Investment is no joke. If you want to get wealth in investment, you must first understand the risks and have enough risk-taking ability. Even if rights are protected, it is necessary to clarify the object of rights protection in order to have results, instead of blindly protecting rights under the instigation of "rumors", which is not only ineffective, but may even be investigated for legal responsibility.