The Research Of The Standadized Operation Mode Of P2P Online Lending Platforms In China

Since 2013,Chinese P2P online lending industry has become an important part of the rapid development of Internet finance.The rise of P2P industry is making up for the traditional financial sector.After several years of rapid development,at the end of 2015,the domestic P2P operating platform has reached 2595,the annual net loan volume reached 982.3 billion Yuan,the volume of net loan industry investment has reached 5.86 million.Meanwhile,the number of domestic illegal platform was 1263.In response to this industry chaos,the relevant state agencies are actively introducing regulatory policy in 2014 and 2015,till the introduction of the "Network Information lending agency operational activities Interim Management Policy(Draft)" at the end of 2015,giving the P2P platforms 18-month rectification period.Expected,with the official launch of rules and regulations,P2P online lending industry will keep standardized development after competition and selection,from the chaos growth state of the industry.By tracking latest situation of P2P industry,the writer tried to describe and analysis the current situation of the domestic P2P industry,statistical analysis of the reasons and the types of 1263 issues behind the problem of platforms,combined with the constant introduction of national regulatory policies,sort out the policies and analyze the impact of the major policies.In addition,the writer selected Yirendai,the first listed P2P platform in NYSE,to do case analysis.The writer compared Yirendai with Credit Ease,Lending Club,LU.com and Dianrong.com.All these platforms are representatives of P2P industry,by analyzing their current business model,to lead other companies through the standardization of corrective measures,to figure out the current level of the industry standardization.Based on the financial report of Yirendai,the writer did profitability and business analysis to provide advising meaning for the future development of the industry.Finally,the writer made a prospect of the future trend of P2P industry,and provided advices to the government,the platforms as well as the majority of investors.