212 and 213 were the periods of P2P expansion, and 215 was the period of its crazy expansion. In 217, the peak loan balance exceeded 1 million yuan. In 218, the industry was rectified and the whole industry was cleared to zero. After all, P2P ended in the historical stage. In this process, many financial technology platforms listed in the United States, such as repaying the online lending platforms within their jurisdiction, auctioning loans, lending to you and me, and so on, have successively disclosed that the online lending business has been cleared, and more and more platforms have also been transformed into loan-assisting businesses through output technology. First, the number of P2P actually operated in China has completely gone to zero.

On November 27th, Liu Fushou, the chief lawyer of China Banking and Insurance Regulatory Commission, said in an open forum: Internet financial risks have dropped significantly, and the number of P2P online lending institutions actually operating in China has gradually dropped from about 5, in the peak period, and it has completely dropped to zero by mid-November this year. ? Liu Fushou introduced the great achievements made in the tough battle to prevent and resolve financial risks at the regular briefing of the State Council policy. Among them, the number of P2P online lending institutions actually operating in the country has dropped from about 5, in the peak period to three; The scale of lending and the number of participants declined for 28 consecutive months. Second, supervision? Clear signal? It has become increasingly clear.

In addition to strengthening P2P retirement, more provinces are also accelerating the retirement of online lending platforms within their jurisdiction. The Office of the Leading Group for Preventing and Resolving Industry Risks in peer-to-peer lending announced that the seventh batch of two online lending platforms in the province had voluntarily withdrawn and declared that the online lending business had been settled. However, only 1% of the platforms have cleared the online loan business and successfully completed the transformation. After all, it depends on the strong strength of shareholders to survive. Third, early transformation can successfully survive.

In the face of this situation, many P2P companies can only transform into loan-assisting business and loan-assisting business in three modes: diversion mode, financing guarantee mode and joint belt mode. In any case, online lending companies can only be left behind by the market if they successfully transform, and they can have room to survive.