多重监管下我国P2P网络借贷的发展与风险防控

Development and Risk Prevention and Control of China's P2P Network Lending under Multiple Supervision

随着国内P2P行业的野蛮生长和风险的不断暴露,监管当局对行业的态度也由重发展向重监管的方向转变,从2015年第一部互联网金融监管法规的出台,到互联网金融风险专项整治行动,再到限额管理、信息披露、银行存管等监管法规的不断落地,行业正在经历一个深度调整期。业务量结束野蛮增长进入理性增长,整体收益率下滑,行业结束零门槛进入高门槛阶段,运营成本大幅攀升,大量平台陷入倒闭潮,平台面临合规转型与破产退出的艰难选择。今后,监管当局应当关注平台的可持续经营风险和资金安全,关注停业平台的市场退出工作,多种手段合理配置监管资源,实现在监管框架下的良性发展。

With the barbaric growth changed their attitude towards the of domestic P2P industry and the risk industry from development-orientation promulgation of the first Internet financial supervision constantly exposed, regulators have to regulation-orientation. From the regulations in 2015 to the special rectification action in response to Internet financial risk, then to supervision laws and regulations continuing to be public such as limit management, information disclosure, bank custody, etc. , the industry is experiencing a deep adjustment period. The volume of business ends its barbaric growth with a step into the rational growth ; the overall yields decline ; the zero industry entry benchmark stage ends with a step into high entry threshold, and the operating costs rise sharply; a large number of platforms closes, and the platforms are facing with the difficult choices of compliance or bankruptcy. In future, it＇ s necessary for the regulatory authorities to pay attention to the sustainable operation risk and fund security for the platforms, focus on market exit of failure platforms, rationally allocate regulatory resources with various means, so as to realize the benign development in the P2P industry regulatory framework.