Loan companies provide online platforms for investors and lenders, and provide "person-to-person" and "person-to-enterprise" loan services. This method is convenient for both investors and lenders, but it requires high security of the platform.
P2P finance is in the initial stage in China, but there is no clear legislation. Microfinance in China is mainly hosted by China Microfinance Association. The legal basis for reference is mainly "the first case of national online loan dispute or the result of Ali Small Loan winning". With the development of network and social progress, the regularity and legitimacy of this financial service will be gradually strengthened, and the advantages of network technology will be brought into play under effective supervision to realize the ideal of inclusive finance.
Extended data
P2P is a private micro-lending model, which gathers small amounts of funds and lends them to people who need them. P2P also has a broader concept, which refers to Internet finance, online credit platform with the help of Internet and mobile Internet technology, and related financial management behaviors and financial services.
Peer-to-peer finance refers to small loan transactions between individuals. Generally, it is necessary to use the e-commerce professional network platform to help borrowers and borrowers establish loan relationships and complete relevant transaction procedures. Borrowers can publish loan information by themselves, including the amount, interest, repayment method, time, etc., to realize self-help loans; According to the information released by the borrower, the lender decides the loan amount by itself to realize self-help lending.
? Baidu encyclopedia -P2P finance