||A Research on the Model of Network Lending Platform in China
Li, YingKobayashi, Mamoru
17 , 2017-01-10 , 専修大学商学研究所
In 1974, Professor Yunus has built microfinance institutions to alleviate poverty in Bangladesh, soon the microcredit model has gradually expanded around the world. In recent years, with the continuous innovation and development of the Internet and Mobile Internet, a variety of online platforms are growing rapidly and widely, As the economic and the continuous progresses on network technology have developed rapidly, Internet technology has quickly melt into the financial industry, Internet network finance has raised as a combination of traditional financial and Internet.P2P lending is one of the most important models of Internet banking, and it is getting more and more people's attention and recognition. "P2P" originated in the IT technology, referred to the Internet transmission protocol. In this Internet transmission agreement, both data download sides and data provider sides are individuals, the more number of downloads and more download points available, the download speed is also quicker. In the field of microfinance, "P2P" is a short for "peer-to-peer" lending. In the ideal Internet financial environment, The main information of transaction is transparent, P2P lending platforms can use Internet to spread information faster. In addition, P2P lending also has the features of flexibly, short-term of loaning, small amount of lending and borrowing. In a word, P2P lending has improved the utilization of idle funds. Compared with traditional bank loans, it can reduce the financing costs and facilitate personal financing.In 2005, the world's first P2P lending platform Zopa was born in the UK, then Lending Club, Kiva and other P2P platforms establish quickly. China's first P2P online lending platform Pat Pat loan (拍拍贷 built) in Shanghai on 2007. P2P online lending platforms in different countries face different problems on development and growth. It cannot be denied that the development of P2P platforms has produced a larger society benefit, but also brought some problems. To prevent P2P lending risk, the government should clear who to regulate this industry and to build up the regulatory system. P2P lending platforms themselves should not only improve the network technology to reduce technology risk, but also clear financial responsibilities to strengthen control of the operational process.The goal of this research are: (1) to summarize the typical P2P platforms and their operating models, and (2) to solve the financing difficulties of SMEs and giving practical suggestions to financial Innovation of P2P platforms in China.