Domestic common P2P "runaway": the United States does not know why-P2P, Internet banking, net loans-IT information
"The road is going a bit far, did is go to the Scriptures? "P2P platform announcement of Wang to see their investment back said with a wry smile. In early February, called for the "Golden venture" P2P platform, posted on its official website the references of the legal person was cremated, the cause of death a column labeled "cardiac arrest".
▲ Miracle several P2P platforms to run announcements
Referring to the P2P platform "run", before the people's reaction is no longer questioned, shock, anger, but became commonplace. Grown in United States loan of P2P networks, seems to have no "money and run," said United States P2P net lending market although not internally hot, but basically was running smoothly.
United States why there is no volume and run P2P platform?
And market environment built retaining walls
In the United States, P2P networks and loan industry by the United States Securities and Exchange Commission (SEC) is heavily regulated, transparent disclosure of its complex procedures, high security registration costs, cumbersome processes, huge ... ... Is the P2P industry an insurmountable barrier.
Second, access to higher prohibitive
United States Securities and Exchange Commission (SEC) registration requirements to establish a very high threshold for market access, new entrants must conform to these standards in order to legally enter the P2P market. After you accept the SEC regulatory, P2P online lending platform required reports to the SEC at least once every day.
Three, a legal framework without an opportunity
United States on P2P complexity beyond the imagination of the regulatory framework, according to the white paper on Chapman&Cutler LLP in April 2014 incomplete statistics, this regulatory framework covering the United States dozens of laws, bills, regulations,! (The end of important laws, bills, regulations)
Four, continuous information disclosure mechanism
First, the SEC requires lending platform for P2P network for the distribution of income documents and corresponding loan information for full disclosure, disclosure and changes need to be dynamic, thus forming a kind of "continuous information disclosure mechanism."
Second, the United States Securities and Exchange Commission on the P2P network platform offering circular and related materials for review and to protect investors have access to decision-making information. If Internet lending platform offering circular omissions, errors, and misleading such loss as a result of investors can be accountable.
Finally, higher regulators requested the information authenticity, while seeking a trade has to be fair.
Five social credit system is the core
United States social credit system is based on a personal credit system, with perfect registration of personal credit record system, the standard credit-scoring mechanisms, strict personal credit risk early warning system and management methods, and a sound legal system.
In the United States, P2P lending platform in the entire transaction only exists as an information intermediary in the process, investors are mainly based on the borrower's FICO credit score for credit assessment for investors, platform does not guarantee for investment activities.
Why Chinese P2P set off "go" frenzy?
▲ Credit platform by the end of 2015, P2P network-related data
Data display: 2015 national online lending industry there have been 896 issues platform, and in 2014, this data was 275, 2013 is 76. Too low a threshold, were spread by P2P platform trend, dramatic cost increases, but no large profits, wind drop refused the money, company revenue, do not go broke
Compared to the earlier United States market, the domestic situation is very different. Domestic loan market is built on popular P2P network without barriers, without industry standards and policy supervision of "three noes" environment, and almost no financial background of enterprises can help in credit markets Internet P2P networks Gets a piece of the action.
This one other than the relevant laws and regulation is not perfect, the crux of the problem is the absence of personal credit system in China, which is a cause of, the vast majority of platforms cannot accurately determine the borrower's identity online authenticity and repayment ability, only under the line gets the borrower.
It can be seen that due to factors such as financial market and policy environment between China and different causes the same to be P2P, but manifests a distinct development in the China market. Also reflects the domestic factors, such as financial market low, social credit system is far from perfect, policy uncertainty, and so on.
Professional practitioners say P2P in the two countries the gap is so big, the main causes are:P2P NET loans in the United States guided by the charity, reflects business interests in China .
国内司空见惯的P2P“跑路” ：美国不知为何物 - P2P,互联网金融,网贷 - IT资讯
“这路跑得有点远，是去西天取经了吗？”王杰看到自己投资的P2P平台发布的公告后苦笑地说。2月初，这家名为“同鑫创投”的P2P平台，在其官网上贴出法人被火化的相关证明，死亡原因一栏标注为“心跳骤停”。
▲几大奇葩P2P平台的跑路公告
提到国内P2P平台“跑路”，人们的反应不再是之前的质疑、震惊、愤怒，而是变得司空见惯。发展壮大于美国的P2P网贷，似乎根本没有“卷款跑路”这一说，美国P2P网贷市场虽没国内火爆，但基本上一直都是平稳发展。
美国P2P平台为何没有卷款跑路？
一、市场环境筑起护城墙
在美国，P2P网贷行业受到美国证券交易委员会（SEC）的严厉监管，其复杂的透明化披露手续、高额的保障金、巨额的注册成本、繁琐的流程……都是P2P行业难以逾越的屏障。
二、高准入让人望而却步
美国证券交易委员会（SEC）的注册要求设立了很高的市场准入门槛，新参与者必须符合这些标准才能合法地进入P2P市场。在接受SEC监管之后，P2P网贷平台每天需向SEC至少提交一次报告。
三、法律架构无可乘之机
美国关于P2P监管架构的复杂程度超乎想象，根据Chapman&Cutler LLP 2014年4月份的《白皮书》的不完全统计，这一监管架构涵盖了美国的几十项法律、法案、法规！（文末附重要的相关法律、法案、法规）
四、持续的信息披露机制
第一，SEC要求P2P网贷平台对所发行的收益权凭证和对应的借款信息做全面的披露，并且信息变更需要进行动态披露，从而形成一种“持续的信息公开披露机制”。
第二，美国证券交易委员会对P2P网络平台的发行说明书及相关材料进行审核，以保障投资者能够获得决策的信息。如果网络借贷平台发行说明书的遗漏、错误、误导等引致的损失，投资者可以对其进行追责。
最后，监管部门要求借款人的信息真实性要高，同时，要求交易必须公平。
五、社会信用体系是核心
美国的社会信用体系是以个人信用制度为基础，具有完善的个人信用档案登记制度、规范的个人信用评分机制、严密的个人信用风险预警系统和管理办法，以及健全的信用法律体系。
在美国，P2P网贷平台在整个交易流程中仅作为一个信息中介而存在，投资者主要依据借款方的FICO信用评级分数对投资者进行信用评估，平台对投资活动不进行担保。
中国P2P为何掀起“跑路”狂潮？
▲截至2015年末P2P网贷平台相关数据
数据资料显示：2015年全国网贷行业出现了896家问题平台，而在2014年，这一数据是275家，2013年是76家。过低的门槛，已让P2P平台成泛滥趋势，成本大幅提高，但业务并无大幅盈利，风投拒绝投钱，公司没收入，不跑路也破产了
相比较于上文美国市场的情形，国内的情况就有很大不同。国内火爆的P2P网贷市场目前建立在一个无准入门槛、无行业标准、无政策监管的“三无”环境中，甚至几乎没有任何金融背景的企业都能借助于互联网P2P网贷市场分得一杯羹。
这其中除了相关法律监管不完善之外，最核心的问题还是国内个人信用体系的严重缺失，这样导致的问题就是，绝大多数平台在线上无法准确判断借款人的身份真伪以及还款能力，只能到线下获取借款人。
可以看出，由于中美之间金融市场化程度以及政策环境等因素的不同，导致同样是P2P，但却在中美市场上呈现出截然不同的发展态势。同时可以折射出国内存在诸多不利因素，如金融市场化程度低、社会征信体系极不完善、政策不明朗等问题。
专业从业人员称，P2P之所以在两个国家差距如此之大，其重要原因是：P2P网贷在美国以慈善为导向，在中国体现的是商业利益。