The Study On Risk Management Of P2P Lending Platform In China

With the rapid development of Internet technology and the private capital becoming increasingly active, a new financial service mode on network-P2 P lending has emerged. P2 P lending is aimed to providing investment and financing services for small and micro enterprises and individuals, which has played a positive role in alleviating the problem of financing small and micro enterprises and developing a personal investment channels to a certain extent. In recent years, with the rapid development of P2 P industry and increasing competition, on the one hand, the number of P2 P network platform and loan presents explosive growth, on the other hand, the risk and platform issues continue to emerge.This paper firstly introduces the P2 P industry development present situation in our country, and presents the fast development and the characteristics of the problem a lot coexist, laid a solid platform of P2 P loans risk management research background and significance. Secondly, combining the risk management process, this paper takes the “Lufax” of PingAn for an example which is the China’s largest P2 P lending platform. From three aspects on the pre-loan review, credit supervision and post-loan management, this paper decribes the operation mode and lending mechanisms of Lufax in detail, which aimed at analysing the risk problems, including mainly credit risk produced in the information asymmetry between investors and borrowers, the risks of correlation caused by guaranteeing, operating risk triggered by low transparency of the platform and policy risk. Finally, according to the P2 P industry policy orientation, this paper proposes specific risk management measures by improving risk control system, abolishing of guarantee, implementing the escrow fund, strengthening information disclosure and so on. And in order to promote the healthy development of P2 P industry, the relevant government should issue relevant laws and regulations and accelerate the construction of credit system of policy recommendations.