2014By the end of the year, the number of P2P lending platforms in mainland China had reached more than 2,300，In comparison，Hong Kong’s P2P lending market develops relatively slowly，The number of platforms can be described as rare。Peer-to-Peer Lending Platform (peer-to-peer online lending platform) refers to the behavior of direct lending between individuals through an online intermediary platform.，The borrower issues loan bids on the platform，Investors lend money to borrowers。
in，The intermediary platform is called a P2P online lending platform，Generally, it is a financial service website that combines P2P lending and the Internet.。"Peer" means "individual"，But in fact, both borrowers and lenders in peer-to-peer lending can be individuals or institutions.。Online lending refers to the funds in the lending process、material、Exchanges such as contracts are all realized through the Internet。
Hong Kong as of August 2015，There are 3 platforms in Hong Kong’s Internet lending market，WeLend respectively、GoLend (BuBu Liandai)，and Bestlend, a subsidiary of Haitong Securities。WeLend was first established (2013)，Its Series A financing amount reaches US$14 million，Participated by Sequoia Capital and Li Ka-shing’s TOM Group。GoLend is Hong Kong’s first P2P platform with property mortgage。
Bestlend is wholly owned by Haitong International Finance Co., Ltd.，The latter is a wholly-owned subsidiary of Haitong Securities。Among the above three platforms，WeLend and Bestlend are not typical P2P lending platforms。
WeLend only provides loan services，No investment entrance is provided，Its funding sources include the company’s own funds and funds raised from non-public channels.；Bestlend’s co-investors all hold money lender licenses，The application and holding costs of this license are too high for ordinary individual investors。In comparison，GoLend is closest to the definition of a traditional P2P lending platform，It provides services to both borrowers and lenders。
According to data from the "2014 China P2P Online Lending Annual Report"，2014By the end of the year, the number of P2P lending platforms in mainland China had reached more than 2,300，In comparison，Hong Kong’s P2P lending market develops relatively slowly，The number of platforms can be described as rare。One of the reasons for the slow development of Hong Kong’s P2P lending market is the strict local legal supervision.。
According to Hong Kong law，Any institution or individual who wants to engage in fund lending business must submit application materials to relevant judicial and government agencies and pay
cost
，To apply for a money lender’s license，It usually takes 3 to 4 months，and is only valid for 12 months，Expiration requires re-application。
At present, there are no strict standards to define whether it is "intending to engage in fund lending business"，But if an organization or individual takes desperate measures，Lending money without a license，You may face more than just fines。Within the existing legal regulatory framework，The GoLend model has reference significance for the development of Hong Kong’s P2P lending market。
Each investment project on the platform is backed by a property registered with the Hong Kong government.，The loan funds for these projects will be released to the borrowers after the projects pass the risk control assessment on the GoLend platform.，The platform then signs a "Shareholder Subscription Agreement" and a "Shareholder Loan Agreement" with investors.，Investors invest in different projects，At the same time, the ultimate beneficial rights of the collateral belong to the investor.。
Such an investment model runs counter to the "decentralization" characteristics of true P2P lending.，But it is the most feasible business model within the constraints of existing Hong Kong laws.。Prosperous Hong Kong Another possible reason for the slower development of Hong Kong’s P2P lending market is the regional restrictions on the P2P industry.。Although Hong Kong is an international financial center，Has a huge offshore RMB capital pool。
But for the P2P industry，Its typical service targets are local residents and small, medium and micro enterprises。in the mainland，These two groups of people are huge in number，The radiation scope of the mainland P2P market is the entire mainland of China：A small business owner in Tianjin who needs funds can raise funds from several lenders in Shenzhen through the P2P lending platform。
However，For Hong Kong, which has a total population of less than 8 million,，Fund demand side is limited to Hong Kong，Small radiation range，Total loan demand is low，It is difficult to develop as prosperously as the mainland P2P market。also，Such as Alibaba、Mainland Internet giants like Tencent have rapidly cultivated users’ habits of online payment and borrowing in recent years.，Mainland investors are impressed，Gradually developed the investment habit of P2P financial management on the Internet platform。
In comparison，Hong Kong lacks influential local Internet companies，The investment habit of managing money on the Internet platform has not yet been developed.，This is a challenge to the development of Hong Kong’s P2P lending market，It is also a potential growth point。
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