Research On The Risk Measurement And Regulation Of The P2P Lending Industry In China

With the development of Internet technology, electronic commerce and traditional industry fusion has intensified. P2P network lending platform is the combination of Internet technology and traditional financial mode. While lending time is short and without collateral, P2P network lending platform is of great importance to solve the small and micro businesses financing difficulties, but also to the small and medium-sized investors, who are offered good investment opportunities. So P2P network lending industry has obtained the widespread development in our country.Although the P2P network lending industry develops like raging fire, but the corresponding supervision system is not issued yet. Due to the lack of legal norms, the P2P network lending platform industry also has appeared a variety of problems:some P2P network lending platforms has collapsed or run away. What’s worse, some P2P network lending platforms are borrowing well-known for illegal fund-raising in reality. Faced with this situation, clearing the regulatory body, measuring the risk of the P2P platforms and building a scientific, reasonable, strict and effective supervision system regulation are the priority of our government. On the one hand, this paper introduces the P2P network lending industry history, the supervision mechanism and the regulatory measures, then it uses data from the relevant websites to formulize Logistic regression prediction model to establish P2P network lending platform in China. On the other hand, this paper explores the regulatory policy of the P2P lending industry. Finally, this paper runs together to reduce the P2P network lending platform in China business risk effect.This paper firstly introduces the P2P lending risk control research background, research significance, and the development situation of P2P lending industry abroad. Then the paper introduces the development of domestic lending to P2P network evolution, the main operating mode and the current regulatory environment. Secondly, this paper mainly introduces the risk of lending to P2P network industry in China. And this paper has built the risk measurement system. Finally, this paper establishes a risk measurement model based on the Logistic regression model for investors, and then gives some supervision suggestions about the regulation principles, the regulation contents and the regulatory measures.Through this topic research, this paper can get the following conclusions:Firstly, this paper finds that the risk of the P2P lending industry in our country mainly has the legal risk, the management risk, the liquidity risk and the underlying credit risk.Secondly, the P2P risk derives from various factors. By the Logistic regression risk measurement model, the operator of the P2P platform can measure the platform risk and strengthen the risk prevention, and the investor can estimate the default risk probability and get the risk early warning, then make the right investment decisions.Thirdly, according to these risks, the regulators must follow the tolerance, the behavior regulation, the principle of consistency regulation and the consumer protection when they make the regulation strategies, In addition, the supervision is not only from external regulated industry, but also from the industry self-discipline mechanism, and then the P2P industry will be supervised mutually.