Problems And Countermeasures Of P2P Asset Escrow

With the development of Internet in China, Premier Li Keqiang publicly put forward China’s "Internet plus" strategy, it can be seen that the Internet plays an increasingly important role in the process of economic development in our country. China’s reform and opening up the cause of continuous progress, after more than 30 years of development, the financial development of China’s economy has played an increasingly important role. Not only affect the development of the national macro economy, for ordinary people has also been popular, the most common stock market almost everyone involved. The combination of Internet and finance is the most fashionable topic in recent years, Internet banking, especially in the P2P network lending started the first, the most rapid development, showing a barbaric growth trend. According to the statistical data of net loan home, until February 2016, the number of our P2P network lending platform accumulated has reached the 3944. The cumulative turnover reached 16086.24 billion, played a very good role of financial inclusion, makes up the shortages existing in the part of China’s traditional financial services. But P2P network lending in the rapid development of glossy appearance hides a lot of risk, platform congenital inadequacy, platform owners absconded with the money, platform from financial services, customers is now difficult to all kinds of problems have occurred, even TV news almost always reported the problem of platform. According to the statistical data of net loan home show, by the end of February 2016, the problem of P2P network lending platform has reached a total of amazing 1425, accounting for almost half of the total number of platforms, of which the most serious is the owner of the platform absconded with the money, which for ordinary investors may will lose everything. This problem is P2P network lending platform for the supervision and control of funds, escrow problem of P2P funds is more and more investors pay more attention, because it is the third party hosting at present is generally considered the safest and the most effective method of financial supervision. At present our P2P network lending of funds custodian are mainly two. Currently, most of the P2P platform chose third-party payment agencies as the main body of funds managed. Another P2P platform selected commercial banks as the main body of funds managed. The two institutions have their own advantages and disadvantages, and P2P platform using third party custody mode to fund management time is not long, is still in the exploration and the initial stage, still faces many problems, for example the legal position of the custodian, managed process design problems and so on.Based on P2P network lending platform development history, the escrow funds research on the status quo of and on the platform by different escrow funds were analyzed and compared, finds the problems of third-party payment agencies as a custodian, such as third party payment institutions as supporting tube of people do not have a clear legal status, its operational existence certain risk, regulatory responsibility flaw. This paper analyzes by commercial banks as custodians of the advantages and disadvantages. It is found that the commercial banks as custodians are faced with problems, such as trustee legal status is not clear, high cost of hosting, facing a certain degree of operational risk, and part of the P2P platform can not reach the requirements of commercial banks and other issues. Papers from four aspects put forward that the reasonable suggestions:state as soon as possible to develop the rules for P2P funds managed, clear P2P funds custodian qualification, the establishment of access conditions, the responsibilities and obligations of clear definition of third-party custodian; the second is proposed for by the banks as depository institutions business process optimization; the third is to strengthen the P2P platform and its own risk management and control, improving managed for its ability to operate and to adapt to the development of P2P services.