Comparison, Problems And Countermeasures Of Different Online Peer-to-Peer Lending Platforms

In recent years, online Peer-to-Peer (P2P) Lending Platform emerged in China due to reasons, for example, the tight monetary policy of central bank, the single form of financial system. Online P2P lending is a financial model in which individuals offer small loans to other individuals through an internet intermediary on the condition of interest. The online P2P lending platform originated in Britain in2005, and entered China in2007. Until now, there are more than100online P2P lending platforms that have been registered and operating in China.First, this paper provides an overview of the online P2P lending platforms from both abroad and domestic research. Comparing to other countries, this paper figures that there are five major operating modes of P2P lending platform in China, namely pure intermediary, composite intermediary I (from offline to online), composite intermediary II (from online to offline), No-profit, pure offline. Second, this article comprehensively analyzes the problems of those online P2P lending platforms. At the end, this paper proposes the corresponding countermeasures and suggestions.Through the comprehensive and detailed analysis of online P2P lending platform, this paper explores the development treads of this new field actively, and lays the foundation for the further development and researchs of this field.