# Space-for-time: P2P typology and fragmentation By [WalshEartha](https://paragraph.com/@walsheartha) · 2023-06-14 --- Columnist of the documentary/new wave financial opinion (Bkopleader) How can this be done to cut off arms, starting with operational data from the front platform, in order to provide an overview of the current situation in the P2P sector and in the stipulations? How can we break down? According to web-based lending data, in the third quarter of 2018, the value of Internet-based lending transactions stood at 37.48 billion yuan renminbi, a 29.48 per cent drop in the ring ratio and a 49.24 per cent decrease. The volume of contributions has continued to contract since October, when it amounted to $102.3 billion, a 7.65 per cent drop in the ring. Unexploited eggs under the so-called throw, with low industrial data backed by a single platform, are operating under a single platform. How can this be done to cut off arms, starting with operational data from the front platform, in order to provide an overview of the current situation in the P2P sector and in the stipulations? How can we break down? Development Distress Bureau in the P2P sector, viewing the first platform In ranking the remaining balance by the end of October 2018, this paper selects 10 platforms (hereinafter referred to as “the top 10 platforms”), such as land uniforms, swaps, lender loans, money-for-money, photos, micro-credit networks, your loans, credit networks and 51 items as headlines, for the following analysis. First, in the current industrial environment, the market position of the first platform is increasing. In June-October 2018, the remaining balance of the industry was reduced from $10.92 billion to $82.3 billion, a decrease of 19.14 per cent; the top 10 platforms achieved the basic stability of the remaining balance, with a modest increase of $2.2 billion, market concentration from 34.33 per cent to 42.72 per cent, and an increase of 8.39 per cent over four months. However, although the first platform can maintain a small growth in the remaining balance, households have been slowed down by pressure from potential capital outflows. Data show that, with the exception of land-based uniforms, the monthly lending value of several front-line platforms has declined since June, with an exception in September, and that lending data are showing signs of heating, with the monthly lending of micro-credit networks increasing from 4.1 billion yuan renminbi to 21.5 billion yuan renminbi in October, but with the return of credit lines to a downward trend. In October 2018, the top 10 platforms issued a combined loan of $38.6 billion, a fall of $20 billion over the balance, a decrease of $11.2 billion from June. This is the case for the first platform, and industry data need not be said. In June-October 2018, monthly borrowers and borrowers in the P2P sector decreased by 39.57 per cent and 44.32 per cent, respectively. The rapid decline in the number of borrowers is not the result of external factors, but rather of the initiative of the P2P platform, which is that women are embarrassed. As an information broker, the size of the borrower determines the size of the lending funds of the P2P platform, and the continued decline in the number of borrowers in the P2P platform is not comparable to the poster’s salary, which continues to erode the development base of the platform. The first is a decline in lending capacity and a contraction in core operations. The decline in the number of borrowers directly results in a net outflow of funds, at a time when limited funds are often prioritized for debt swap projects to ensure the smooth exit of borrowers and ease the fear of borrowers. The new priority needs of borrowers are delayed and unmet, necessarily moving to institutions such as consumer finance companies, small lending firms, etc. As a result, P2P’s participation and influence in the consumer finance industry will continue to decline. The second is the weakening of the foundations of development, with a major damage in the platform. The foundations are not strong and the mountains cradle. The decline in lending capacity, the borrower’s dressing parents on the P2P platform, has directly contributed to a reduction in the yield capacity, and, in order to survive, the platform tends to de-escalate costs, lower salaries, redundancy, etc., accompanied by the loss of core talent, which has shaken the foundations of development. Even if the platform can be slowed down and eventually put on record, it has already dampened. The third is the decline in the capacity of the platform to receive it, which in turn will further erode the confidence of borrowers, leading to the accelerated flight of borrowers and creating a vicious circle. There are indications that many P2P platforms in the market are already trapped in the vicious circle described above, with declining operations, brain drain, and borrowers fleeing … Space-for-time: export of assets and arm self-saving What is it? The first priority is to cooperate actively with the filing of the record in order to effectively retrieve borrower confidence and disrupt the chain of the entire vicious cycle. The problem is that time may not be enough. In accordance with the relevant requirements of the Circular on the Conduct of Compliance Inspections at P2P Net Loan Agencies, issued by the National P2P Loan Service in August 2018, the filing process is divided into three steps: The first is three rounds of self-examination, self-regulatory inspection and administrative verification, with a deadline of end-December 2018; The second is that eligible platforms are allowed access to information disclosure and product registration systems, which operate for a period of time and are not known; Thirdly, mature institutions apply for filing as required. The most optimistic estimates suggest that these steps will be completed at least half a year. As far as the platform is concerned, it is necessary and time to try to keep the basic face of the continued operation of the platform before filing, i.e. borrower, borrower base and relatively stable workforce. The loss of borrowers is an objective trend that must be accepted, which can be slow but difficult to reverse. In the current industrial environment, the cost of attracting new users has increased significantly, the relative ease of retaining older users has become a priority. According to the Microcredit Network in its notebook, in the first half of 2018, the borrower contributed 95 per cent of the lending funds, to some extent indicating the difficulties of new users. In the second half of 2018, access to new users became more difficult and the contribution of older users is expected to increase further. The stability of the workforce depends on the stability of the camps, which are financed by borrowers. In the absence of sufficient funds to meet the borrower’s needs, the platform could emulate the Financial Science and Technology Open Platform, co-locating borrowers to well-funded institutions, the B-end funds. In the case of small-scale win-win science and technology, equity statements disclosed that, as at 30 June 2018, corporate investors and institutional financing partners had contributed 15.8 per cent of the funds. The problem is that, since June 2018, funds at the B end have been far from being available. --- *Originally published on [WalshEartha](https://paragraph.com/@walsheartha/space-for-time-p2p-typology-and-fragmentation)*