Abstract:

By using regression analysis of P2P yield, interest margins and monetary liquidity, it is shown that under the condition of interest rate liberalization, P2P yield was affected by the interest margins and monetary liquidity significantly And the liberalization of interest rate can promote the competition and development of P2P and commercial banks Finally it is concluded that the interest rate liberalization will make part of the P2P platform shocked or even go bankruptcy, but for the long-term development of the whole industry, an improved financial market can help P2P platform to find problems faster, solve problems and achieve better development

Key words:  P2P, interest rate liberalization, interest margins, monetary liquidity, commercial bank