Research On P2P Network Lending Risks And Control System In China

Online Peer to Peer Network Lending(short for P2 P Network Lending) is occurred as the outcome of the combination between informal finance and Internet technology under the new background, which has broken the limit of regional relationship and interpersonal relationship of informal finance, and realized the funds exchange among people on a larger scope. As a new financing method, P2 P Network Leading has a variety of incomparable advantages that traditional finance does not have, such as low application threshold, short review process, and wide funding sources. The Zopa network lending platform has appeared since 2005 in Britain for the first time, with its rapid development has greatly changed the traditional financial lending model. P2 P Network Leading platform in China is occurred in 2007. By the end of 2013, the number of P2 P network Credit Company has reached 523 and it has increased by 253.4%. P2 P Network Leading market is booming in our country. However, at the same time, the net credit risk has occurred frequently. The phenomenon of company bankruptcies, failures, and bank runs reminds people to pay more attention to credit potential risks when enjoying the convenience brought by P2 P Network Leading. A reasonable risk control system is needed by considering the characteristics of P2 P Network Leading and potential causes behind the risk, to ensure the healthy development of the whole P2 P Network Leading market.This paper intends to research on P2 P Network Leading risk causes and provide a proper risk control system. By reviewing the past research and using the theoretical analysis, this paper analyzes the transaction mode of PPdai, as the representative of P2 P Network Leading platform in China, and the root causes of risk in this transaction mode. A reasonable risk control system is also provided for P2 P Network Leading market in our country at the present stage. The main contents include the following six parts: the first chapter is the introduction, mainly introduced the research background, research significance, research content, research methods, and research review at home and abroad. The second chapter is the development review and theoretical basis of P2 P Network Leading. This chapter reviews the origin and development of P2 P Network Leading at home and aboard, and discusses the theoretical basis for P2 P Network Leading appearance and risk. The third chapter is the analysis on transaction mode of P2 P Network Leading in our country, taking the PPdai as an example. This chapter provides a deep research on lending mode of PPdai, which is the typical representative of P2 P Network Leading mode in China, and a discussion of potential risks in this mode. The fourth chapter is the risk types and causes of P2 P Network Leading. This chapter discusses the potential risks in P2 P Network Leading industry of our country at the present stage. The analysis discusses from three levels: the micro, meso and macro. The fifth chapter is the risk control system construction for P2 P Network Leading. This chapter provides a design of risk control system for P2 P Network Leading from micro, meso and macro levels. In detail, to form a set of effective system, the risk control system is created considering from four aspects: macro-management mechanism, risk reserve fund mechanism, network credit insurance mechanism and financing credit rating mechanism. The sixth chapter is the conclusion and prospect. This chapter concludes the P2 P Network Leading development and risks, and puts forward a prospect for P2 P Network Leading industry.