Comparison of Consumer Loans and P2P Lending in China

Abstract

In recent years, China's economic development is sound, promoting the arrival of the era of financial technology. The progress and innovation of financial technology have brought great impact and challenge to China's banking industry. Consumer credit, the main source of revenue for commercial Banks, has been hardest hit. With its technical advantages, Internet finance can accurately analyze and predict customers' risk appetite and potential financial needs. P2P lending is an indispensable part of Internet finance. The rapid development of P2P lending in China has also had a negative impact on bank lending. At present, there is a competitive relationship between P2P lending and commercial bank lending. Studying the long-term stability of this relationship is conducive to the stable and healthy development of China's financial market. The purpose of this paper is to make a comprehensive comparison between bank consumer loans and P2P lending in China. Several different Chinese Banks and P2P lending platforms are selected for detailed comparison. Based on the multi-criteria decision analysis method, we found the best choice of customer loan. There are many big Banks in China, and P2P lending is also developing rapidly in China, so it is necessary for consumers to make more favorable choices. This paper is divided into five chapters. The first part is the introduction of the paper. The second part is the introduction of the characteristics of China's banking industry. The third chapter is the characteristics of financial technology and banking products. The fourth chapter will use the multi-criteria analysis method to compare China's bank consumer loans and P2P lending. The last chapter is the conclusion of this paper.

In recent years, China's economic development is sound, promoting the arrival of the era of financial technology. The progress and innovation of financial technology have brought great impact and challenge to China's banking industry. Consumer credit, the main source of revenue for commercial Banks, has been hardest hit. With its technical advantages, Internet finance can accurately analyze and predict customers' risk appetite and potential financial needs. P2P lending is an indispensable part of Internet finance. The rapid development of P2P lending in China has also had a negative impact on bank lending. At present, there is a competitive relationship between P2P lending and commercial bank lending. Studying the long-term stability of this relationship is conducive to the stable and healthy development of China's financial market. The purpose of this paper is to make a comprehensive comparison between bank consumer loans and P2P lending in China. Several different Chinese Banks and P2P lending platforms are selected for detailed comparison. Based on the multi-criteria decision analysis method, we found the best choice of customer loan. There are many big Banks in China, and P2P lending is also developing rapidly in China, so it is necessary for consumers to make more favorable choices. This paper is divided into five chapters. The first part is the introduction of the paper. The second part is the introduction of the characteristics of China's banking industry. The third chapter is the characteristics of financial technology and banking products. The fourth chapter will use the multi-criteria analysis method to compare China's bank consumer loans and P2P lending. The last chapter is the conclusion of this paper.