Is there any risk in Xinwo Finance?

Financial risks can be divided into five categories.

First, industry risks, and industries with overcapacity face greater default risks. At present, steel, cement, electrolytic aluminum, flat glass, real estate and other industries have serious overcapacity, and the business risks of enterprises in the industrial chain should not be underestimated. Peer-to-peer lending platform of P2B mode should be carefully avoided.

Second, regional risks are closely related to industrial structure, industrial concentration and local investors' preferences. Generally speaking, cities with a single industrial structure face greater regional risks, especially those involving the above overcapacity industries.

The third is the risk of private financing. Since the germination of Chinese capitalism, small and micro enterprises have struggled to survive under the exploitation of private usury, which involves complex and cumbersome guarantee chains. Once the chain breaks, the risk of private financing will break out.

The fourth is operational risk, which is the risk caused by improper operation.

Fifth, moral hazard comes from two levels: borrowing customers and employees. Employees may also assist borrowers to issue fraudulent loans, which requires

The platform should improve its own risk control measures to avoid moral hazard and operational risk.