Research On The Innovation Of Peer-to-Peer Financial Platform In China

Peer-to-Peer lending is an untraditional "point to point" financial lending towards Internet. P2 P Financial Platform aims to match the lenders and the borrowers and transfer loans. Since the first P2 P platform was established by the United Kingdom in2005, the number of the platforms and its financial scale have been continuously growing globally. At the same time, the lending platform has transformed into financial platform generally, and its development has been restricted by the institutional and environmental problems. Domestic platforms enter into an outbreak period, and are suffering from bankruptcy and run that constantly appear. As the operating risk of P2 P platform keeps increasing and changes generally, it's of great significance to establish and innovate P2 P financial platform and improving the supervision system at the same time.The recent analysis of P2 P are limited to P2 P lending, such as issues about clients' credibility, lending risk, supervision, etc. This is mainly because most platforms only deal with the business about individuals. However, a rapidly growing number of platforms are expanding their business scope and bringing new opportunities and challenges, which are lack of relatively researches. The purpose of this study is to research the development of P2 P financial platform in the business,credit, cooperation, supervision aspects while facing the changing industry pattern. In order to provide references to bring new ideas about establishing P2 P financial platform, this paper is focusing on establishing joint credit system, supervising network finance, and sharing customer information.The study's analytical methods include Literature Analysis, Qualitative Analysis,Quantitative Analysis, Experience Summary and Simulation Analysis. The study is based on the previous research of P2 P platform. Firstly, it elaborates the present situation of financial platforms globally and designates the development trends. Next,it introduces the characters of foreign platforms which are developed and representative, and the experience that should be learnt from. Then, it summarizes the history of domestic platforms and recent development constraints. Finally, it provides suggestions for domestic P2 P platforms' development.The innovative part of this study are as follows.(1)It analyzes the issues thatcurrent platforms absorb investment from corporation and cooperate with banks, and discusses practical measures about constructing long-term collaboration institution between P2 P platform and traditional finance.(2) It explores access to internet banking supervision system, and provides consult of accomplishing the system.(3)Based on the diversified trend of P2 P platform and the theory of mixed operation,it considers to design a preliminary framework of China's P2 P financial platform.(4)It proposes the possibility of internationalizing platform from the currency, customers and business perspective.