Its social value is mainly reflected in three aspects: meeting personal capital demand, developing personal credit system and improving the utilization rate of social idle funds. Internet credit companies (third-party companies and websites) are used as intermediary platforms, and the Internet and mobile Internet technologies are used to provide a network platform for information release and transaction realization, connecting borrowers and borrowers to realize their respective lending needs.
The borrower publishes the loan target on the platform, the investor bids to lend to the borrower, and both borrowers and borrowers bid freely, and the platform closes the transaction. In the process of lending, information, funds, contracts and procedures are all realized through the network. It is a new financial model developed with the development of internet and the rise of private lending, and it is also the development trend of financial services in the future.
Extended data
Twelve forbidden behaviors of P2P.
(1) Using the Internet platform of the institution to finance itself or its affiliated borrowers;
(2) directly or indirectly accepting and collecting the lender's funds;
(3) Providing a guarantee to the lender or promising to protect the principal and interest;
(four) to publicize or recommend financing projects to unregistered users of the real-name registration system;
(5) Granting loans, except as otherwise provided by laws and regulations;
(6) Time limit for splitting financing projects;
(seven) sales of bank wealth management, brokerage asset management, funds, insurance or trust products;
(eight) in addition to peer-to-peer lending as stipulated by laws, regulations and relevant regulatory provisions, any form of mixing, bundling, investment agency, sales agency, promotion and brokerage business with other institutions;
(9) Deliberately fabricating and exaggerating the authenticity and income prospects of financing projects, concealing the defects and risks of financing projects, making false one-sided propaganda or promotion by vague language or other deceptive means, fabricating and disseminating false or incomplete information, damaging the commercial reputation of others and misleading lenders or borrowers;
(ten) to provide information intermediary services for financing investment in the securities market;
(eleven) engaged in equity crowdfunding, in-kind crowdfunding and other businesses;
(twelve) other activities prohibited by laws and regulations and regulatory provisions related to peer-to-peer lending.
Baidu Encyclopedia -p2p