Research On The Financing Problrm Of High-Tech Small And Micro Enterprises Based On Online P2P Lending

High-tech small and micro enterprises(SMEs) have strong ability to to innavate, and plays an important role in promoting employment and technological innovation. However, as "vulnerable groups", the financing problem of high-tech SMEs has not been properly solved. With the rapid development of Internet technology, online P2P lending, one of the representative model of internet finance, has made development spurt. Online P2P lending, as a form of new finance, can cover many areas which cannot be covered by traditional finance system, so that it has become a good complement to our traditional financial system. At the same time, the financing problem of high-tech SMEs has long existed and it is difficult to solve the financing problem by traditional commercial banks. Online P2P lending as an implementation of inclusive finance, provides a new possibility for high-tech SMEs to solve their financing problem. In this context, this paper takes a research on financing problem solution of high-tech SMES based on online P2P lending.Firstly, this paper summarizes the existing research on online P2P lending model, high-tech small and micro enterprise financing and combination of them, and find that literature focused on online P2P lending applying to financing problem is limited. Then, the paper introduces the definition of online P2P lending, typical patterns and development status, and also introduces the status of financing of high-tech SMEs, then through game theory, this paper studies the behavior of parties involved and dig out the risk factors.Given possible problems and risks with the combination of several parties, the paper then uses tree search method to separately recognize risks from the main body including high-tech SMEs, investors, online P2P platform and external legal environment. Then, by means of fuzzy AHP risk index, this paper constructs hierarchical model to assess the risk factor.Finally, combining theoretical risk assessment models, countermeasures and suggestions from the participants of the three aspects and legal environment are put forward. From the high-tech SMEs side, suggestions mainly include enhancing operational management ability and creating synergies capital exit mechanism. From the investors side, suggestions mainly include establishment of mechanisms for investor education, building investor risk assessment and source of funds audit system. From the online P2P platform side, suggestions mainly include strengthening credit risk control and inspection, information disclosure, funds managed by banks, and strengthening the network of information technology. From the legal environment side, suggestions mainly include clearing regulatory body, intellectual property protection and building online P2P platform exit mechanism.