Introduced to China in 2007, Zopa, the first P2P peer-to-peer lending platform in the real sense, was born in Britain and was established in London in March 2005.
(1) initial stage and exploration stage (2007-20 1 1 year)
The online auction loan in 2007 marked the beginning of P2P online loan business in China. During this period, the platforms were mainly distributed in Shanghai, Shenzhen and other regions. By the end of 20 1 1, there were about 20 online lending platforms with a monthly turnover of about 500 million and effective investors of about 1 10,000.
In the early days of P2P, it mainly copied foreign models, and basically did not run away.
(2) Expansion period (20 1 1 year -20 12 years)
At this stage, some people with offline lending experience began to pay attention to the network and tried to open a P2P online lending platform, while some software development companies began to develop network platform templates. At this time, the number of domestic P2P lending platforms has rapidly increased from about 20 to about 240. By 20 12, the monthly turnover was about 3 billion, and the number of effective investors was between 25,000 and 40,000.
Due to the extensive management of individual platform bosses and lack of risk control, the platform closed down.
(3) Coexistence period of expansion and risk outbreak (20 13-20 14)
At the beginning of 20 13, CCTV reported P2P online lending many times, which indicated that the mainstream media began to regard online lending as an industry. During this period, the number of online lending platforms soared from about 240 to about 600. By the end of 20 13, the monthly turnover was about 1 10 billion, and the number of effective investors was between 90-130,000.
At present, with the rapid increase of the number of platforms, P2P competition is becoming increasingly fierce, and related risks are also accumulating. In 20 13 years, there were as many as 74 cases of operational difficulties, closure or running away, which made P2P risk become the focus of public opinion.
(d) Policy adjustment period focusing on normative supervision (20 14 to present)
After a period of development, P2P online lending has accumulated a considerable customer base. P2P online lending enterprises hope to change the status quo of the industry through supervision and promote the healthy development of the industry. Similarly, investors also hope that the government will manage this industry and protect their legitimate rights and interests.
At this stage, the state supports P2P peer-to-peer lending platform in policy and encourages Internet financial innovation. Enterprises and financial giants concerned about P2P peer-to-peer lending platform and afraid of risks began to try to enter the field of Internet finance and set up their own P2P peer-to-peer lending platform. By the end of 20 14, the number of platforms has reached about 1600, with a monthly turnover of about 30 billion and effective investors of about 500,000.
After more than seven years of exploration and intense development, various domestic P2P online lending platforms are competing to develop and are currently in the growth stage. Due to the rigid demand of P2P on the borrowing side, P2P has great development space in China.
——————— Long-term loan will answer for you.