As a result, a large number of online lending platforms mushroomed during this period, and online lending began to enter a period of rapid development. 2065438+September 2003, P2P online lending ushered in explosive growth, with an average of three or four platforms online every day. By the first half of 20 14, there were 84 national P2P online lending platforms1/kloc-0, with a transaction volume of 818.37 million yuan, a balance of 47610 million yuan, an average comprehensive interest rate of 20. 17% and an average term.
However, investors have to face high risks while facing the temptation of high returns. As a financial industry, P2P online lending still lacks the supervision of national financial institutions. Because of this, P2P has developed rapidly under the barbaric growth, but in China, a country that generally lacks a good faith foundation, it is accompanied by frequent industry risks. Also in 20 13, many P2P platforms closed down and ran away, causing incalculable losses to investors.
P2P online lending in China, the most important thing is the integrity of the platform. Then, in the most economically developed United States, what is the development of P2P online lending?
The main reason is that the United States does not regard P2P online lending as financial innovation, but defines it as quasi-finance and embeds it into the original financial system. At the same time, realize the marketization of interest rates on a sound credit system. The core reason is that P2P online lending is charity-oriented in the United States, and it embodies commercial interests in China.
The comparative analysis of P2P online lending platforms between China and the United States is as follows.
credit system
In China, there is a general lack of honesty between people and between people and enterprises. For China, the P2P online lending platform is in an emerging stage, and the credit system is not perfect. There are many mixed things, such as fraud, running away and bankruptcy, which largely lead to investors' distrust of the whole industry.
In the domestic online lending platform, to emphasize the authenticity and reliability of its platform, it is necessary to apply for the certification of various authoritative organizations and enhance the trust of investors in various ways. And almost all P2P companies have a capital preservation mechanism, otherwise it will be difficult to attract investors.
Monitoring management
In China, P2P online lending industry has no access threshold, no industry standards and no legal norms, that is, anyone can get a piece of it. There is no rigid constraint on the registered capital of P2P online loans, and the qualifications of employees are not recognized. Even its network software platform can spend thousands of dollars to buy templates. It is conceivable how low the entry threshold of domestic P2P online lending industry is and how complicated the employees engaged in this industry are.
The threshold of P2P online lending in the United States is very high. The SEC requires a deposit of $4 million. The high registration cost keeps most potential entrants out of the market, which makes the P2P online lending market in the United States more concentrated and effectively supervises P2P online lending enterprises.
In addition, the US Securities Regulatory Commission requires that every loan on the P2P online lending platform should disclose all its information completely, transparently and correctly through securities registration, that is, the loan information disclosure of P2P online lending in the United States is open and transparent, with high entry threshold and strict supervision.
market development
After a long period of development, the financial market in the United States has matured and the products and services are complete. However, due to the perfect market, the development of the Internet finance industry in the United States is relatively limited, and it can only develop in new areas beyond the reach of limited traditional large-scale financial enterprises, and the development space and scale are far less than that of China.
However, China's financial market is protected by foreign policies and monopolized by domestic industries, which makes ordinary people have to accept the double squeeze of high fees and low-quality services. Internet finance in China, with its unique characteristics of inclusiveness, convenience and rapidity, has ignited the huge demand for innovative financial services that people have been suppressing for many years, thus suddenly exploding with great development potential and scale.
Personal idea
Americans basically live a moonlight family life, and even borrow money to live. People generally have no habit of saving and investing, let alone having any spare money to invest in P2P online lending platform. This is mainly because Americans have advanced consumption concepts and perfect social security medical education system for the elderly, but have no idea of saving money for the elderly.
In China, people are more willing to save money for old-age care, children's education and medical expenses. This is inseparable from China's imperfect social security and geriatric medical education system and the relative conservatism of individuals in consumption. Therefore, the deposits of Chinese people are very large, which has a very broad market prospect for Internet finance in China, and also meets the urgent capital needs of the public.
To sum up, although the system and supervision of P2P online lending in the United States are more perfect than that in China, from the perspective of market prospects, China's internet finance market has a larger and wider space, and only in this unique environment and era can such a dynamic internet finance industry be produced.