交易量累计过亿元之后的第五天，平安集团旗下上海陆家嘴(600663,股吧)国际金融资产交易市场股份有限公司（下称“陆金所”）即宣布暂停发布新的投资项目。

Volume accumulated one hundred million yuan after the fifth day,Peace group, the Shanghai lujiazui(600663,guba)International financial assets transaction market co., LTD(said"LiuJin have")Namely announced the suspension of released a new investment projects.

　　陆金所官方公告解释，原因是，要“对业务流程做调整，并且为新功能（如二级市场转让服务）的推出做准备。”但知情人士透露，这或与监管部门新要求有关。

The official announcement LiuJin explanation,Reason is,to"Business process to make adjustment,And for the new function(Such as the secondary market transfer service)To prepare the launch."But people close to the situation said,This new requirements and supervision department or relevant.

　　陆金所目前仅有一款面向借款者和出借人的产品-稳盈-安e贷，借贷双方通过稳盈-安e贷服务快捷达成借款交易，陆金所提供中介服务，如发布借款需求、管理借贷双方以及担保公司之间的借贷及担保活动、借贷资金的划拨。

At present LiuJin have only one face borrowers and lenders products - steady surplus - Ann e credit,Borrowing both sides through the steady surplus - Ann e credit service quickly reach loan transaction,LiuJin provides intermediary services,Such as release loan demand/Management borrowing both sides and guarantee company between lending and guarantee activities/Lending money transfer.

　　一个月前，陆金所官方网站公告称，自2012年9月25日11：00起，陆金所将对稳盈-安e贷业务流程做调整，暂停发布新的投资项目。但此前已购买该产品的投资者的每月收款，网站其他所有功能，包括支付及客户服务皆会正常运行。

A month ago,LiuJin official web site announcement to say to that,Since September 2012 25, 11:Since,,The LiuJin to steady surplus - Ann e credit business process make adjustment,Suspend release new investment projects.But had to buy the product of investors monthly gathering,Website all other function,Including payment and customer service are normal operation.

　　“年轻的”陆金所成立于去年9月，注册资金4亿元。今年3月19日，陆金所开始低调对平安集团内员工销售稳盈-安e贷产品，此次暂停新业务距正式对外经营不过三月余。

"The young"LiuJin which was established in September last year,The registered capital of 400 million yuan.March 19,,LiuJin started low-key to peace in the group sales staff stability surplus - Ann e credit products,The new business suspended from the official foreign business but more than march.

　暂停新业务逾月 Suspend new business more than month

　　10月25日，陆金所工作人员对本报记者称，“何时恢复业务目前还没有时间表，因为无法预测系统何时能调整好，恢复后会在官网上公告。”而针对客户已经充入陆金所账户内但尚未购买产品的闲置资金，她表示，如果客户对安全性有疑问，建议先取现，转做其他投资，待陆金所恢复营业后有需要时再存入。

On October 25,,LiuJin by the staff to our reporter said,"When recovery business there is no timetable,Because can't predict when system can adjust,After the recovery in the official website announced."And in view of the customer has been filling the LiuJin have account but not yet to buy the product of the idle fund,She says,If the customer has the question to safety,Suggest to withdraw cash,Turn do other investment,For the business LiuJin recovery after when need to deposit.

　　“如果大量的钱放在陆金所账户里，对陆金所来说没好处。因为客户钱多了而没有借出去，可能有非法吸存之嫌。”一网贷平台负责人称。

"If a large amount of money in the account LiuJin,That's not good for LiuJin for.Because the customer more money and not lend out,There may be illegal suction save too."A net credit platform responsible person.

　　前述陆金所工作人员称，因为投资人不能买入新产品，所以借款人也无法通过该产品借入资金，“借款客户仍可在陆金所系统申请借款，但我们目前只能通过平安集团旗下的其他公司来做，比如平安银行(000001,股吧)等。”

The LiuJin by the staff said,Because investors can't buy new products,So the borrower cannot through the product borrowed funds,"Loan customer is still can be in LiuJin have system to apply for loan,But we are only through the peace group's other companies to do,Such as pingan bank(000001,guba), etc."

　　陆金所客服解释称，“公司的成立和运营完全符合法律法规，但是公司在成长阶段，肯定会有一些调整和更新。”

The customer service LiuJin explanation says,"The company and the establishment of the operation completely comply with laws and regulations,But the company in the growth stage,Sure there will be some adjustment and update."

　　然而，业内亦有一些猜测。前述网贷平台负责人称，各地金融监管部门此前曾调研过线上P2P信贷业务的合规性，不排除会出手规范该行业。而陆金所之前也有金融监管部门前去调研，并提出关于征信和第三方支付的建议，陆金所已在进行相应调整。

however,The industry also have some guess.The net credit platform responsible person,All financial supervision department had earlier research over online P2P credit business compliance,They would not rule out the industry standard shots.And LiuJin before the financial regulatory authorities to research,And some Suggestions about how to reference and third party payment advice,LiuJin have already in the corresponding adjustment.

　　知情人士透露，陆金所计划收购一家第三方支付公司，也就是要让投资者资金划拨纳入人民银行监管范畴，最终形成借款人与出借人之间的资金划转，而勿需再通过陆金所平台。

insider,LiuJin had planned purchase of a third party payment company,Also is to let investors funds transfer into people's bank supervision category,Finally formed the borrower and the lender of capital between the transfer,And don't need to LiuJin through the platform.

　　事实上，针对资金安全，陆金所一直很小心。

In fact,According to the safety of fund, a,LiuJin have been very carefully.

　　官网介绍，陆金所作为撮合借贷双方的平台提供平台服务，不会将客户在陆金所账户内的资金作任何其他非客户指示的用途，同时委托深发展银行进行资金管理。投资者可以每日实时查询到资金账户的详情，账户资金也只能转出到投资者在陆金所认证过的银行账号。

's official website introduced,As LiuJin bring together lending the platform to provide platform service,Will not LiuJin customers in the account funds to make any other than the use of customer instructions,At the same time by shenzhen development bank fund management.Investors can daily real-time access to capital account details,Account funds also can turn out to LiuJin accredited investors in the bank account.

　　风险监管新探 New exploration risk supervision

　　截至目前，对P2P网贷业务发过声的监管部门仅有银监会。银监会在2011年8月下发一份《关于人人贷有关风险提示的通知》，提示P2P贷款平台具有潜在风险，要求各地银监局和各家银行采取措施，做好风险预警监测与防范工作。但银监会未提及具体的监管措施。

So far,For P2P network credit business send sound supervision department only banking regulatory commission (CBRC).The CBRC in August 2011 issued a[About all relevant credit risk prompt notice],Prompt P2P loan platform has the potential risks,Requires all the CBRC and Banks take measures,Do risk early warning monitoring and prevention work.But banking regulatory commission (CBRC) not mention specific regulatory measures.

　　中国平安(601318,股吧)集团常务副总经理顾敏7月在公开受访时提到，现在监管陆金所的边界较为模糊，其实并不是一件好事。因为要有人监管，才会知道边界在哪里，也更加清楚什么可以做，有什么资格才可以做。他同时希望，如陆金所这样的业务模式，能够在同行竞争和接受监管中成为常态，且形成一个行业。

China peace(601318,guba)Group executive vice general manager GuMin July in public that surveyed,Now LiuJin supervision of boundary is fuzzy,It's not a good thing.Because want someone supervision,Will know boundary in where,Also more clearly what to do,What qualifications can do.He also wants,If LiuJin have such business model,Can in peer competition and accept supervision become normal,And form a industry.

　　“此次暂停新业务，因为要推出二级市场转让服务，还要推新产品，同时改造支付系统。”一位陆金所人士透露，目前3年期稳盈-安e贷的预期年均回报率约8.61%，比同期银行理财产品高两个百分点，可能导致部分资本涌入，令产品在二级市场报价虚高，“因此公司很谨慎，宁愿停一下。当然，也在根据监管要求做调整。”

"The suspended new business,Because want to launch the secondary market transfer service,To push the new product,At the same time payment system reform."A LiuJin the sources,At present three years steady surplus - Ann e credit expected rate of return on average about 8.61%,Over the same period bank financing products high two percent,May cause part of capital inflows,So the product in the secondary market price is empty tall,"So the company is very cautious,Would rather stop.Of course,Also according to make adjustment in regulatory requirements."

　　与其他P2P网贷公司只负责撮合借贷双方，不承担违约风险不同，陆金所不仅借助平安集团的信贷消费风险管理数据模型，对每位借款人做借款风险评估，还通过平安融资担保（天津）有限公司，对借款方提供偿付违约担保。

And other P2P network credit company is responsible only for the transaction of lending,Do not assume default risk different,LiuJin not only with the aid of the peace group credit consumption risk management data model,On each borrower do loan risk assessment,Also through the peace financing guarantee(tianjin)Co., LTD.,Provide for borrowers pay breach of contract guarantee.

　　而记者在天津市工商局查询到的注册信息显示，平安融资担保（天津）有限公司于2012年3月12日成立，注册资金仅1亿元。

And the reporter in tianjin city industrial and commercial bureau queries to the registration information display,Peace financing guarantee(tianjin)Co., LTD. In 2012, was established on March 12,,The registered capital of 100 million yuan only.

　　根据财政部出台的《中小企业融资担保机构风险管理暂行办法》，担保机构担保责任余额一般不超过担保机构自身实收资本的5倍，最高不得超过10倍。

According to the ministry of finance published[Small and medium-sized enterprise financing guarantee agencies interim measures for the administration of the risk],Guarantee agencies to assure responsibility balance generally not more than guarantee agencies own paid-in capital five times,The highest shall not exceed 10 times.

　　也就是说，该公司担保责任余额最多也不得超过10亿元，对于对外销售3个多月交易量就突破亿元的陆金所而言，以加速度发展下去，这10亿还能为其担保多久尚未可知。

That is,The company guarantee liabilities shall not exceed 1 billion yuan at most,For foreign sales more than three months volume will exceed one hundred million yuan LiuJin for that,With the acceleration development down,The 1 billion can also how long the guarantee is still not clear.

　　一位监管专家认为，作为新生事物，P2P网贷所隐含的风险也需要引起重视，其风险主要在于资金来源，如果借贷双方是一对一或者一对多的关系，则风险较小，但借贷双方是多对一或者多对多，则可能引发为集资行为，存在的社会风险较大，需要各方引起警惕。

A regulatory experts say,As a new thing,P2P network credit implied risk also need to bring to the attention,The risk is the main source of funds,If borrowing both sides is one-to-one or one-to-many relationship,Risk is smaller,But both sides are lending to one or many to many,May be cause for financing behavior,Existing social risk is bigger,All parties need to be careful.