Peer-to-peer financial management refers to the lending between individuals, and refers to the platform as an intermediary to connect these borrowers and lenders to realize their respective lending needs. The borrower can be an unsecured loan or a secured loan. Investors invest in borrowers through platforms, and intermediaries are generally a new financial management model that collects fees from both parties or unilaterally or earns a certain interest margin for profit.

Private equity industry, mostly private equity funds, is different from P2P, which has the legal status of raising funds. In order to obtain the status of legally raising funds, institutions need to obtain the qualification of private placement license issued by the management department. However, private equity funds have specific requirements and restrictions on the object of private placement, that is, investors. These objects are called "qualified investors".