P2P Platform Runs Closure Case Analysis

P2P networks network developed from the UK, subsequently developed rapidly in the USA, Australia, Japan and other developed countries. China’s first P2P platform established and achieved explosive growth in2007, the number of platforms from2008to the present development is only a five hundred or more. P2P networks credit is an effective complement the formal financial system. The majority of small business owners, self-employers, working-classers and low-income college students are in hot pursuit for it. However, the industry is rather easy to enter, qualification platform is inconsistent, almost in a blank state regulatory. While the rapid development of P2P networks credit, the industries’hidden risks are gradually exposed. Since2011, the events such as funding strand breaks, the borrowers escaped on foot, fraud often occur. October2013, even a P2P platform for a wide range of ever wave collapse.This paper first discusses the P2P network system borrowing rapid development background, pointing out that the reality of its development, positive sense, the relationship between development of the Internet and the problems which exist. Secondly, the detailed description of the recent collapse of the platform P2P platform, analyzes indicates the impact of the closure of these platforms and the relevant regulatory authorities to make a response. Then P2P platform collapse from lack of regulatory reasons, the platform itself, the credit system, and other high-risk industries analyzed in detail again. Finally, from industry regulation, self-regulation, credit system, risk control and improve laws and regulations regulate the development of China raised the angle of P2P industry recommendations.