Research On The Development Trend Of P2P Platforms Under The New Regulations

In recent years,P2 P platform has been unconventional development in China.While the number of platforms is increasing,the problems are also ensuing.In the face of the problems of illegal fund raising,running and other problems,the new regulation came into being in August 24,2016.The contents of the new regulation involve the definition of the nature,the record registration,the "Thirteen inaccurate" negative list,the third party storage management and so on.It is called the strictest regulation in history.After the new rules,what will the P2 P platform go and what direction will it go?This article takes the leader Renrendai of our country's P2 P platform as an example,hoped that the development trend of the P2 P platform in China will be mapped through the research of its development trend.The main contents of this paper are as follows: First,the present situation of P2 P platform in China is introduced from four aspects:operation mode,market scale,rapid increase of problem platform and improving supervision.It is pointed out that the problems of the P2 P platform in China are "no threshold","no rules" and "no supervision".Second,through a specific interpretation of the content and significance of the new regulation,to predict the general trends of China's P2 P platform is more compliance platform,reducing the number of theformation of oligopoly,the positioning of the small end consumer financial assets,return to Inclusive Finance.Third,take Renrendai as an example.Through the analysis of the operation model,profit model and risk control before the new regulation,it is found that the new regulation has caused a series of effects on the Renrendai,such as the separation of business,the cancellation of the risk reserve,the tending to the credit certification mark.Fourth,by comparing Renrendai with the United States Lending Club,the world's first successful IPO net loan platform,analysis of the shortage of Renrendai.Suggestions for A,such as improving online business level,customer access threshold,hardware information technology,and improving the risk management system.To sum up,the development trend of China's P2 P platform after the new regulation are:the number is reduced to form oligopoly,business splitting has become the trend,returning to small and micro businesses,inclusive finance,the general trend of bank custody,vigorously developing online technology,and information disclosure will be more perfect.