Research On The Development Of P2P Loan In China

The first P2P internet loan platform in the world was established in 2005 in England.Internet information platform was built to help both investment and financing parties to invest and borrow directly which greatly enhanced the effectiveness of resource allocation.So it develops rapidly around the world.After decades of development,the quantity,scope and business mode of our national P2P internet platform has been greatly improved.But since there's no standard,rule or correct supervision in a long time,a lot of platforms had been self-guaranteeing and financing,and transferring the bond.Until August 2016,as the new policy called'Interim Measures for the administration of business activities of network lending intermediary institutions' came into being,our P2P development has a new guidance and direction.But since there's still several problems existing on P2P platform,how to ensure its healthy,consistent and stable development has been a keen topic to be worked on.After sorting out relevant articles and documents,we analyzed the concept,characteristics,internal and external reasons of P2P internet platform,and compared the current status,modes,distribution patterns,supervision and risk control of the interior and exterior platform,and presented staff we may learn from external platform,the problems and risks we still face,the reasons it may occur.It also presents several principles that China's internet loaning modes may stick to according to China's current situations.And at last it states several advices which can improve our platform.Firstly,we should improve and implement our supervising policies and measures further;secondly relevant laws and regulations shall be established to regulate the business scope,procedures and operations etc.so as to protect both parties' benefits of investors and financers to lower risks.Thirdly we should learn from foreign countries,to build up self-regulation organizations;and to implement self-serving system such as to build credit rating organization,and to cooperate with banks,insurers etc.,to fill in the gap of our immature credit rating system.Therefore,we should build up our own characterized P2P internet lending platform mode via learning from foreign experiences,esp.to develop online and offline combining modes with 1 plus to lower our risk and ensure its healthy development.