Study On P2P Efficiency Mechanism Based On Financial Function

As an information technology-based financial innovation,the Internet finance based on information technology has brought disruptive effects on the traditional financial industry.For example,from the initial third-party payment to balance loan and P2P network lending,Internet finance can be said to be in full swing.China's economy is currently in the process of three-phase transition.Supply-side reform also needs to improve the efficiency of capital utilization.To solve the financing problem of various types of enterprises,especially small and micro enterprises,and support "public entrepreneurship and innovation,"we are facing Reality.As a new Internet financial model,P2P online loan platform has gradually been accepted by people in Internet age.Investors can add value to their assets by tapping their fingers on the platform,and borrowers can use this quick loan to meet their funding needs.As a new financing channel,the P2P network loan platform not only enriches the financing channels for domestic small and micro enterprises,but also promotes the development of domestic financial markets,increases the investment enthusiasm of investors,and effectively achieves capital accumulation and capital accumulation.Therefore,the study of P2P has social and practical significance.This paper firstly introduces the background and significance of the thesis,the review of the research at home and abroad,and the main research contents and methods of this paper.Secondly,through studying and studying the literature of financial function,including the point of view of financial function proposed to the previous research,the paper summarizes and sorts out four major financial functions,namely managing risk function,facilitating transaction function,mobilizing saving function and clearing and paying Billing function.By selecting the above four financial functions as the basis and foothold of this study,this paper collects and analyzes the development data of P2P network loans in recent years and studies how the P2P network loan platform reflects its efficiency based on these four financial functions.For example,when the financial resource allocation function is put into effect,the idle money in the entire society is more fully and effectively utilized,which will greatly promote the development of the entire economy.So P2P as an emerging financial product,how is it to achieve its financial allocation of resources?How to promote economic development?This is the content to be analyzed in this article.However,the P2P loan industry has low barriers to entry,incomplete credit reporting system and inadequate supervision,which restrict the further development of P2P network loan financial functions.Therefore,this paper puts forward some suggestions to strengthen the construction of laws and policies,improve the credit information system,and determine the regulatory principles to promote the financial functions of P2P networks and give policy recommendations for the steady development of China's P2P networks.