Research On The Influencing Factors Of Credit Risk And Preventive Measures Of P2P Network Lending In China

As a supplement to traditional credit system, P2P network lending can alleviate the financial difficulties of the small and medium-sized enterprises and the individuals, disperse financing risks,enhance the flexibility and stability of the financial system. It has a strong practical significance to the financial market development and economic growth. Since 2012, with the rapid development of P2P network lending in China, the number and size of P2P lending platform, the number of investors and the number of borrowers and transaction amount have greatly improved. Venture capital funds, bank capital and state-owned capital also entered P2P network lending industry in succession. But due to China's immature market environment, imperfect legal system,undefined regulatory organization, the imperfect credit system, P2P network lending also produced some problems as it brings higher yields to people; P2P network lending industry also faces high risk, including credit risk, liquidity risk, illegal financing risk and so on.This paper focuses on the status quo and the credit risk of online P2P network lending in china. Firstly, the research status of domestic and foreign P2P network lending were reviewed; then, emphaticallyintroduces the P2P network lending credit risk theory and related theory;then, deeply the introduced and researched China's P2P network lending situation from lending scale, mode, characteristics, the interest rate level and the problems; then, describes how to measure the lending credit risk of P2P network, expounds the reasons of why we chose these influencing factors and uses information gain method to screen influencing factors; then, by constructing a model to carry out the empirical analysis on the impact factors of the borrower to the credit risk,and draw the corresponding conclusions; finally, put forward targeted suggestions and countermeasures to control the credit risk of P2P network lending and the orderly development of the industry, in order to provide help to the development of P2P network lending in our country.