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本篇paper代写- Report about P2P Industry in China讨论中国的P2P行业。P2P是一个帮助人们从互联网金融服务平台获得投资和贷款的行业。受美国和英国互联网金融模式的启发，中国也发展了自己的P2P行业商业模式。根据数据统计，中国P2P行业规模已达到3.36万亿人民币，近2000个互联网金融平台运行平稳。由于P2P在中国的目标是使客户更容易从银行获得贷款，所以受到了人们的拥护。本篇paper代写由51due代写平台整理，供大家参考阅读。

P2P is an industry that helps people to get investments and loans from an internet financial service platform. Being inspired by the mode of American and English internet finance like Prosper and Zopa, China developed its own business mode of P2P industry. According to Mi and Zhu (2017), the size of P2P industry in China has reached a scale of 3.36 trillion RMB with nearly 2000 internet financial platform operating smoothly in the industry. Because of the fact that the goal of P2Pin China is to make it easier for customers to get loans for their business operation than from bank, P2P platform is quite welcomed and popular in China from 2012-2015. According to Chen and Ye (2016), the year of 2015 is the booming year of P2P platform with thousands of platforms established in a single year. At that time, the rate of return on investment by investing money on projects introduced by P2P platform could be an annual rate of 24%, nearly 4 times of the investment rate in bank, which is amazingly abnormal and irrational. However, due to multiple natural risks of P2P platforms, many small-sized platforms went bankruptcy in the next year of 2016. After the widespread P2P industry reshuffle, only 2000 platforms survived in the industry. Up to now, the P2P industry has reached a stable and rational state with investors more rationally making investment decisions and loaners more responsible for the loans the get from the P2P platform.

The popularity and existence of the industry of P2P in China have many environmental factors, including social, technological, regulatory, competitive and economic (Kotler and Armstrong, 2016).

Social factors: The introduction of P2P mode in China is in a time when the whole society is looking for investment chances, which cannot be fully satisfied by traditional financial institution (Yang et al, 2016). Businessmen are looking for money to expand their business, while others are looking for good and safe opportunity to aggregate their fortune. It is at this time, P2P platform successfully satisfied the needs of both sides.

Technical factors: The development of P2P platform is in a time when both computer and internet techniques are quite mature. The technical requirements for P2P platform are not quite hard. For example, to satisfy the need for information exchange, the application of Internet technology is needed. To satisfy the need to keep information, the safeguard technology for customers’ account is necessary.

Regulatory factors: In China, the regulations for traditional financial institutions are quite strict, in order to guarantee the healthy development of financial market and the stability of society. However, as for P2P industry, an industry that can be cataloged into either information brokerage or a financial service provider, it is not easy for Chinese government to carry out a specific regulation that would regulate P2P business behaviors as both an information intermediary and a financial service provider (Xieand Sun, 2016). Despite the fact that the lack of regulation provides opportunity for P2P industry, it also brings many risks for the industry as well, that the carrying out of specific regulations for P2P industry may cause a dramatic reduction the volume and efficiency of certain tasks of P2P, causing a break in P2P platform cash flow and the bankruptcy of platforms. Things may be even worse for some platforms with concentrations in some field of industry, like the P2P platform with a concentration in campus financial service. The carrying out of regulations may force company to stop this kind of task and directly cause the bankruptcy of the P2P platform (Huang et al, 2014).

Competitive factors: As a supplementary to traditional financial institution like bank and insurance company, the competitive factors of P2P platform are its efficiency and convenience for both investors and borrowers. As for a single P2P platform, the key success factors for a P2P platform is its mastery of ability to control financial risks and the ability to create efficiency at the same time.

Economic factors: The economic factors for the successful introduction of P2P platform are that China is developing in a fast speed with a high level of inflation. It is risky for fortune to shrink if no proper investment methods are found. It is in the situation that people are afraid of fortune depreciation that the P2P industry begins to develop.

According to Huang et al (2014)，the most significant factor of P2P platform industry in China is the regulatory factors. As mentioned above, the successful introduction and existence of P2P platform is mainly because of the lack of regulation in the field of internet financial service, which can also bring risks and opportunities for P2P industry. In my mind, the factor can bring both benefits and obstacles for P2P industry. As for the positive side, the regulatory factor can reduce businessmen’s profit-hunting nature and help to make a more healthy financial market and a more stable society. As for the negative side, the regulatory factor would likely to block the development of P2P platform industry by reducing the efficiency and innovation of P2P industry, making it less energetic and less helpful. Therefore, it is really hard to judge the effect of regulatory factors for P2P industry. A well-designed regulation would likely to bring more positive effect for the industry while a less-carefully-designed regulation would do harms to the industry.

Reference

Chen, X., & Ye, D. (2016) An Empirical Research on China’s P2P Lending Interest Rate Volability. Studites of International Finance, 12(1), 56 .

Huang, Z., Deng, J., Xiong, M., Ren, Y., &Qiao, Y. (2014) Comparisons of P2P Regulatory Systems Between USA, UK and China’s P2P Regulatory Policies. Financial Regulation Research, 23(1), 123-145.

Kotler, P., & and Armstrong, G. (2016) Marketing, an introduction. Person: London.

Mi, J., & Zhu, H. (2017) Can Funding Platforms’ self-initiated Financial Innovation Improve Credit Availability? Evidence from China’s P2P market.Applied Economics Letters, 5(2), 1-3.

Xie, Y., & Sun, Y. (2016) On P2P Online Loan Platforms in China.Journal of Jilin Teachers Institute of Engineering, 23(1), 47.

Yang, L., &Meng-Jiao, Y. (2016) Analysis on the Current Situation and Dilemma of China’ s Banking P2P. Scientific & Technological Management of Land.45(2), 12.

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