Study Of The Development Of China’s P2P Network Lending Industry

The first P2P network lending platform in the world is originated in in UK,in 2005, named Zopa (Zone of possible Agreement) which provides an interactive online platform for small and micro businesses and individuals with demand and supply of funds. In 2007, the first P2P unsecured microlending platform in China has also appeared-PPdai. Due to the rapid development of Internet technology, geographical constraints have been broken and financial disintermediation has been accelerated, more and more peoeple engaged in financial transactions online, since 2010, China’s P2P network loan industry has shown explosive growth in the absence of state regulation and has become an important branch of the Internet financial industry. Although there have been many problems in the development process, P2P network lending,as a mew mode of financial services, has largely solved the financial problems of small and micro businesses and individuals while providing the public a different way for investing in addition to securities and financial products which accelerats the pace of financial disintermediation and development of "inclusive finance" in China.The first chapter introduces the background and significance of this paper, mainly focused on how P2P network lending has make fully use of the private capital to solve the financing problems of SMEs in China and risks and problems need to be solved; Secondly,the paper has summarized and compared the research status about the P2P network lending at home and abroad.The second chapter of the article is mainly the theoretical explanations of the P2P networks lending. First, the concept and characterization of P2P has been defined;then,the paper explained the reasons for the emergence and development of P2P lending network from the aspects of economic theories including financial repression theory.The third chapter of the article introduces several major P2P network lending platforms abroad from aspects of business model、performance and risk control to reflect the development status of foreign P2P enterprises. The rapid development of foreign P2P network lending platform mainly thanks to their sound regulatory system,mature individual credit institutions and good risk control level.The fourth chapter is the Detailed introduction of the development status of P2P network lending industry in China,Including:development、characteristics and trends of domestic P2P network lending industry; risks and problems faced by domestic P2P lending platforms; And a case is studied based on one of the most influential platform-Pat loans,including the development status of the platform、profit model and risk control and so on. Finally, the development of P2P net loan industry in China is compared with the Anglo-American and some enlightenments has been put forward.In chapter 5, the advantages、weaknesses、opportunities and threats are analyzed by SWOT analysis method、generally speaking, the opportunity P2P faced is greater than the threats and the industry is facing a broad prospect in the future.The chapter VI of the article has put forward some development proposals for P2P net loan industry separately from the entire P2P industry、P2P platforms and investors, Aims to provide valuable references for the regulators and participants of P2P net loan industry.