Risk Research On P2P Lending Platform

With the development of the internet finance in full swing in our country, P2 P lending gradually attract people’s attention in a pattern of internet finance. Since 2007, P2 P network credit platform has experienced rapid development in China from zero growth to more than one thousand and five hundred platforms. However after the fast development network lending have many risks that could erupt at any time point. Since many P2 P network platforms collapsed in nearly two years, the loan run events can be seen in the problem. In the financial field innovation always happens before regulation, only if risk perceived and then the supervision and management kept up with, could the operating of the network lending platform regulated. This article is based on the idea above,and take "Jin Rong Yun Tong" platform failures August 2014, in Hangzhou as an example, this paper analyze P2 P network credit risk management problems that exist in the platform, and give some management advice.This article firstly classifies risk behaviors of participation in P2 P lending platform which includes the borrower, the lender, security companies and platforms. During the P2 P network lending, risk may occur in any party and ultimately affect the operation of the platform and even the whole industry. After analyzing the risk behind the collapse of the "Jin Rong Yun Tong" platform as well as the in-depth problems reflected by the collapse, this article discuss the related revelation from the case. Case studies mainly employs related graphics information and financial data to illustrate the whole case whilst analyzes the cause of the collapse combining with Weiner’s theory. The study shows that the high operation risk and high short-term interest rates which increased the administrative burden of "Jin Rong Yun Tong" platform, in the end the operation of the entire platform was heavily affected by the borrower default leading to capital chain rupture.Based on the above analysis, this dissertation design risk regulation of P2 P lending platform which should mainly supplement the appropriate and detailed regulatory rules to regulate the development of net loan industry. Finally, based on the framework of external supervision suggestions on the P2 P network management mechanism are put forward. the target is mainly to build risk control system inside the prime platform, the suggestion also stresses the importance the union of industry self-regulation, investor behaviors and personal credit system. Through theoretical analysis based on real cases, the external supervision and internal risk control platform design are given to drive through the standard operation on net loan platform as well as the entire net loan industry.