P2G mode is born out of P2P mode, but it is obviously different from other ordinary P2P modes and P2C modes, and it is an important branch and component of P2P field.
From the perspective of enterprise positioning, the ordinary P2P platform (the borrower is a natural person or an individual entrepreneur) embodies the spirit of inclusive finance, which was born to solve the financing problem of small and medium-sized micro-economies, and its financing method is mainly credit loans. From the perspective of risk control practice, high risks are usually covered by raising rates; P2C platform (the borrower is an enterprise) focuses on the mortgage and pledge (or other risk control mode) loan business of small and medium-sized enterprises, and controls risks through strict entry threshold and risk control measures. Whether it is P2P or P2C, its risks are digested by market-oriented means such as risk transfer and risk dispersion.
P2G platform, on the other hand, mainly focuses on government projects, mainly serving direct government investment projects, projects for which the government undertakes repurchase responsibility, factoring projects of state-owned enterprises (central enterprises), projects for which state-owned small loans or guarantee companies undertake debt repurchase, and other projects involving government credit, so as to hedge risks through more stable government credit.
From the compliance point of view, in order to gain the trust of investors, ordinary P2P platforms and P2C platforms have more or less assumed certain credit intermediary functions, and there are certain implicit guarantees. P2G platform has got rid of the trust dilemma because of the intervention of government credit, and does not provide any form of guarantee and implicit guarantee, which is more in line with the "information intermediary" positioning of the online lending platform by the regulatory authorities.