Author| Mo Yu Fengxiang data support| Pythagorean big data (

Stumbled and fell into the dust after all. Since then, there is really no P2P in China.

On November 27, Liu Fushou, the chief lawyer of the China Banking and Insurance Regulatory Commission, revealed that Internet financial risks have fallen sharply. P2P online lending institutions actually operating across the country have gradually reduced from about 5,000 during the peak period to mid-November this year. zero.

With a statement, the well-known P2P has come to a bleak curtain call.


In June 2007, China’s first online lending platform, Paipaidai, was announced to be established. It has learned from overseas P2P companies and is engaged in the business of providing matching between borrowers and lenders.

For many years, such innovative models and businesses did not cause any waves in China. Because few people know what P2P is at all, and few people are willing to come up with real money in exchange for rewards.

After budding, many people discovered the “business opportunity”.

Tang Ning is one of them. She once worked on Wall Street and joined several overseas returnees to officially launch the online loan function of Yirendai in March 2012. But unlike Paipaidai, which is purely a matchmaking business, it is a quasi-shadow bank that takes the money of multiple borrowers, packs them, and distributes products, and finally sells them to investors.

The imported P2P has played a variant in China, from information intermediary to credit intermediary, opening a new benchmark in the online loan industry.


The number of platforms that are operating normally has fallen sharply, the number of investors has also fallen sharply, and the turnover has also fallen sharply. Before June 2018, the monthly transaction volume was around 300 billion yuan, and the big rout caused by Tang Xiaoseng’s thunder explosion has dropped to around 100 billion yuan. Monthly transactions have dropped by 60%, and the industry’s overall cake has shrunk sharply.

On January 21, 2019, a red-headed document was circulated in the mutual gold circle. It roughly means that, except for the strictly compliant platform, other institutions must be able to retreat and retreat.

Back then, well-known big platforms also burst into thunder and accidents. On March 28, 2019, the Dongguan Public Security Bureau officially notified that Tang Jun and Zhang Lin, the actual controllers of, had surrendered and the police filed a case for suspected illegal absorption of public deposits. is the absolute leader in P2P, with a total of more than 130 billion yuan in transactions. Its explosive thunder completely defeated the lender’s lack of investment beliefs.

Next, the local government made an emergency move, determined to destroy P2P.

In September, Ningxia completed the P2P network lending business of 6 institutions within its jurisdiction (the second batchw/1000/format/png/interlace/1/q/85″ data-w=”540″ data-h=”370″>

In the mine formation, less than 40% of the people survived the disaster and retreated all over the body, and most people inevitably became victims. Let’s continue to look at a set of data:

Between 10,000 and 50,000 yuan, accounting for more than 19.14%;

between 50,000 and 100,000 yuan, accounting for 11.99%;

For those between 100,000 and 500,000 yuan, the ratio is 17.03%;

More than 1 million yuan, the proportion is as high as 3.76%.

The amount of stepping on thunder is more than 1 million yuan. It is not a fool. In the end, a certain percentage of people were harvested. It is really impossible to describe in words how tragic the harvest of P2P is. P2P is not only aimed at the small and middle class, but even the rich can’t escape.

The industry is dying, and many investors have moved their money back to the banking system. Some people are lucky, and some people may be an abyss that is never recovered, and money will never come back! Some people say that the P2P industry is here to cut leeks, which is simply a history of blood and tears of lenders. This is quite right.

Of course, the losers of this game, there are also shareholders who invest in P2P companies.

China’s first P2P, Paipaidai, changed its name to “Xinye Technology” at the end of 2019, but it still did not prevent the capital market from violently falling. After three years of listing, the stock price has fallen by 81% and it has become a wealth harvester like PetroChina.

In addition, Xinerfu plummeted 97%, and credit plummeted 93%, and plummeted 81%. In short, the listing of many platforms is the peak, and there is no return.

But the vast majority of P2P companies do not know what profit is, and they will face the embarrassment of delisting and transformation. What’s interesting is that the Dianniu financial project was overdue and was filed for investigation. P2P is no longer engaged, and the name has been changed to bit numbers. Recently, it has risen.

The downturn in stock prices and the shrinking market value are behind the difficulties and decline of the P2P industry. With such a bad market performance, how many stock investors do you think this wave will reap!

Of course, the founders of many P2P online lending platforms are also losers. Some are in the cage, and some are burdened with infamy and huge debts. In addition, the venture capital institutions that wanted to make money in the early stage were basically wiped out, and the investors’ money was still in the water.

Also, the information platform that serves the P2P industry, Wangdaizhijia, has also become a loser. The industry is dead, what hope is there for the future?

P2P is all losers.


In the past, Lei Jun had a famous saying: Standing on the vent, pigs can fly. This sentence