Study On The Credit Rating Of P2P Lending Platform In China

P2P lending is a new type of folk lending with the Internet technology. It not only overcomes the defects of traditional borrowing costs, but also relieves the pressure of the financing difficulties of individuals and even small and micro businesses. But with the continuous development of P2 P lending, the P2 P platforms which are considered as important medium run away and fraud frequently. More and more people have been questioning the safety of P2 P lending. The credit of P2 P platform has apparently affected the overall development of the industry. Therefore, the objective evaluation of P2 P platform in China and the research on the existing problems in domestic credit are conducive to the development of P2 P lending. And they are also helpful to promote the stability of the financial system in china.It discusses the credit of P2 P platform in China, basing on the theory of credit rating, combined with the knowledge of economics, management science and statistics. Firstly, based on a review of existing literature, it summarizes the meaning and characteristics of credit evaluation of P2 P platform. Secondly, by drawing on the related research of credit evaluation index, it establishes the credit evaluation index system of P2 P platform which conforms to the development of the industry. Thirdly, it selects 11 P2 P platforms as the research sample according to certain principles. At the same time, using factor analysis and cluster analysis method, it analyzes the data of sample from 2012 to 2014. Finally, according to the results of empirical analysis, it summarizes the main problems existent in the P2 P platform of our country and attempts to offer some countermeasures and suggestions.Through the research, it gets seven main factors which affect the credit of P2 P platform in China, such as sustainable operation, popularity and liquidity etc. And with the comprehensive factor score, it divides the11 P2 P platforms into four categories according to their credit. In addition, according to the judgments of the advantages and disadvantages of different credit classification platforms, it analyzes problems which affect the credit of P2 P platforms in China. It can provide some references for the evaluation and promotion of the credit of P2 P platform in later research.