Ten Principles For P2P Industry Regulation

First, P2P supervision should follow the essence of P2P business. The essence of the so-called business is that the project should correspond to each other. P2P institutions can not hold the funds of investors, and can not set up pools of funds. China's P2P is not a financial institution operating capital.

The two is to implement the principle of real name system. Investors and financiers must register in real name, and the capital flow should be clear and avoid money laundering.

The three is to make sure that the P2P agency is not a credit intermediary, nor a trading platform, but an information intermediary. It is an institution that provides information services for both sides. It should clarify its business boundaries and distinguish it from other statutory chartered financial services.

The four is that P2P should have certain industry threshold and should have certain registered capital requirements for its employees. There should be certain requirements for senior executives' professional background and length of service and organizational structure. At the same time, there should be certain qualification requirements for risk control, IT equipment and fund trusteeship.

Five, investors should have third party funds.

We should not substitute deposits for trusteeship and introduce formal auditing mechanisms as far as possible.

Six, P2P institutions must not provide guarantees to investors themselves, nor commit themselves to the principal or income of loans, or undertake systematic risks.

Risks shall not be engaged in loans and entrusted investment businesses, nor shall they be self insured and self financing.

Seven, P2P institutions should follow the road of sustainable development and do not blindly pursue high interest rate financing projects.

Eight, the P2P industry should fully disclose information, fully improve the degree of information disclosure, and reveal risks.

Nine, P2P institutions should promote the formulation and implementation of industry rules and strengthen the role of industry self-regulation.

Ten, P2P institutions must adhere to the principle of small scale, supporting the development of individuals and small and micro enterprises, and the principle of one-to-one correspondence.

Since last year,

Showing explosive growth.

According to the data released by the net loan home, there are 1184 P2P net loan platforms in the first half of this year, and the number of P2P platforms is expected to reach 1500 by the end of this year.

However, the service level of these P2P platforms is uneven, and there is no lack of malicious money.

This year, there are already many platforms such as Wangwang loan and so on, and investors lose even up to one million.

The industry has also been calling for the implementation of the threshold access system on the P2P platform. It can not absorb a website freely, so as to prevent the occurrence of malicious money.