Study on P2P E-Finance Platform System: A Case in China

The term online peer-to-peer E-finance (P2P) describes the finance origination process between private individuals on online platforms were financial institutions operate only as intermediates required by law. Initialized by groups in online social networks, a commercial online P2P E-finance Platform has been designed in Guangzhou, China. Thus online P2P E-finance Platform is a relatively young research field. P2P network lending platform is a business model, which combines the internet and financing together, pooling the small amount of funds to lend to who needs them. The lending process can achieve through the platform, such as the information and funds, contracts, procedures. Firstly, this paper describes the overview of P2P E-finance Platform from the aspects of its definition, characteristics, classification, and emerge causes. Then, the paper gives a brief overview of design of the peer-to-peer E-finance Platform, structures, outlines of the framework for platform modules and determinants of P2P E-finance. The study gives insights on how the platform and its determinants affect the successful funding of P2P E-finance Platform, as well as the security of the P2P finance systems.