我国P2P网贷平台的本土异化及其治理

Analysis of the Local Alienation of P2P Lending Platform and Its' Governance

P2P网贷平台有效地降低了借贷交易成本,提高了资金配置的效率,是对银行等传统金融机构的"扬弃"。目前,国外成熟P2P平台交易模式可以分为以Zopa为代表的纯信息中介模式和以Lending club为代表的类资产证券化模式。相比之下,我国P2P平台在功能、经营形态、资金用途和借款标种等方面已发生"异化",并成为我国P2P网贷平台风险频发的重要诱因。为促进我国网贷行业健康发展,政府应加快金融市场进程,逐步缓解金融抑制问题,同时尽快完善征信体系,强化P2P平台监管,将投资者利益保护放在首位。

The P2P lending platform effectively lowers the transaction cost of credit, partly plays the financial intermediaries function and thus improves the efficiency of funds allocation which can be considered as the abandon and renew of commercial bank. Nowadays the trading pattern of foreign P2P lending platform can be divided into two categories whieh are the pure information intermediary mode represented by Zopa and the asset securitization mode represented by Lending Club. In comparison, the transaction modes of domestic P2P lending platform have been alienated in four aspects： the function, operation forms, purpose of use of loans and kinds of bids which have been the key inducement for default risk of P2P platform. In order to promote development of internet lending industry, the government should fasten the process of financial marketization, ease financial repression, perfect credit system as soon as possible , strengthen the reb, ulatory and put the investors＇ interests on the first place.