Research On The Operation Mode And Risk Control System Of P2P Lending Platform

With the rapid development of information and communication technology, the mobile payment, social networks, big data and cloud computing, modern information technology appeared on the Internet has produced a fundamental impact on the mode of financial, the combination of the Internet and financial produced a new financial model,that is Internet Banking. Internet banking is different from the indirect financing of commercial banks, and also is different from the direct financing of the capital market. Internet banking is a new financial model. The Internet financial industry has achieved a rapid development from its beginning which we can see form the fact that the scale of China's Internet financial market has exceeded 10 trillion RMB as early as the end of 2014.Among the many models of Internet finance, the development of P2P network lending model is the most striking. The microfinance concept can be traced back to the 1970s when Yunus who has wined Nobel Prize create the microcredit concept in order to solve the problem of farmers in poor areas of Bangladesh's borrowing needs. With the rapid development of information and communication technologies and the Internet, the concept of microcredit and the Internet started fusion and then P2P lending model appearing. the nature of P2P network lending is microfinance based on Internet. In 2005, the first P2P network lending platform Zopa established in the United Kingdom and then this model was quickly introduced by many countries in the world.2006, the establishment of China's first P2P network lending platform which is paipai lending in Shanghai is meaningful. After four years, the entire industry achieved a rapid development. By the end of December 2015, the cumulative number of network lending platform has reached 3858 and cumulative repayment amount reached 4394.61 billion RMB, the number of investors covering the 298.02 million people, at the same time to meet the financing needs of 784900. But at the same time, more than 1400 of P2P lending platform has get in trouble. Therefore, the in-depth study of P2P network lending platform operation mode and risk control means have a very important significance not only to investors, but also to regulators.In this paper, we stand on the perspective of investors and regulators to do in-depth analysis of the P2P network lending industry. In the first chapter of this paper, we describe a rapid development of the P2P network lending industry and also a frequency occurrence of bankrupt and even financial fraud and other related issues. Through the study of the mode of operation and risk control of P2P network lending platform investors can better identify a liar platform and the platform risks associated regulators can do a more effective assessment. The biggest deficiency of this study is that, due to limited personal energy, so the related literature review and information gathering are certain imperfections. At the same time, because of lacking of laws, so I cannot have a professional judgment that whether the platform is walking on the edge of the law or not. In the second chapter, through the analysis of major events known to the public in the Internet financial sector, so that the reader can have a gradual change in the impression of Internet banking. At the same time, we made a detailed analysis on the development status of P2P network lending at home and abroad, so that readers can understand the general development of P2P network lending has a three-dimensional.In the third chapter, we obey the order of time form the beginning of the concept of P2P networking lending introduced in China. In the typical model of P2P networking lending such as Zopa?Prosper and paipai lending, network lending platform just only play the role of the information intermediary in the credit business. Thereafter, for Chinese personal credit system development started late and scattered data integration of difficult problem, P2P network lending platform in order to dispel the doubts of personal loans in the hearts of the individual lenders the principal and interest of the guarantee, since the formation of the P2P network lending rigid payment industry environment. Then, for Chinese medium and small micro enterprise financing difficult problem, P 2P network lending were the second innovation, which appeared in the person of enterprise network lending model, so P2P network lending become small and micro enterprises with financing channels. Finally, the P2P network lending platform with the leasing of commercial factoring companies, even with the company's capital operation and innovation for the third time, is also the kind of asset securitization model. After this time, innovation, P2P network lending the borrower's actual borrower into an asset. For example, the letter of credit transfer mode.In the fifth chapter, through the analysis of Pat credit product platform system obtained loans pat platform mode of operation and risk control system, thus forming a conclusion of this paper, namely P2P network lending industry current development trend has deviated from the essence of the concept of P2P network lending. P2P network lending platform should adhere to do pure online and pure information intermediary, the fundamental power of P2P network lending industry should come from the progress of Internet technology innovation. The core competitiveness of P2P network lending as a mode of Internet banking compared with the traditional financial mode should be reflected in the use of the Internet and innovative technology, such as big data and cloud computing solving information asymmetry in the credit business. In the last chapter, this paper argues that although due to China's history of the Internet is not long and the data of users precipitation is not sufficient, the lending network compared with bank lending patterns exist more serious information asymmetry problem at now and in a future period of time, but through further innovation and development of the Internet technology, reduce the problem of asymmetric information in the network lending is the basic orientation of the development of P2P network lending industry. Finally, we appeal that government should lead the integration of large financial institutions and large Internet companies and other relevant departments of the relevant data to achieve a more open, more perfect personal credit system. A reliable personal credit system has not only r the P2P network lending industry of great significance, but also for the entire financial system and even the national economy having important significance.