The Risk Management And Supervision Research Of P2P Lending

P2P lending is that the two sides in the lending match the amount of money on the Internet platform.The platform,which is to achieve a matching of the mutual funds,is called P2P lending platform.The P2P industry in China has developed rapidly since the first P2P lending platform(PPDAI)was founded in 2007.As of December 31,2015,there were 3844 P2P lending platforms in China,and the transactions had reached more than CNY1.0021 trillion.However,the P2P industry accumulated a large number of risks and exposed a lot of problems after a few years of explosive development.For example,some platforms had difficulty in withdraw deposit,some platforms were closed down.According to the statistical data from WDZJ,there were 1266 problem platforms as of December 31,2015 and there were 896 problem platforms only in 2015,including some large platforms.For example,EZUBO involved in problem funds of more than CNY70 billion.The credit crisis appeared and the risk problems existed in the P2P lending platforms.Therefore,it is necessary to study how to control the risk and strengthen the external supervision of the P2P lending platform.In the paper,it introduces some operation modes and some risk points from the relevant concepts of P2P lending.By contrastive analysis of the top 20 P2P lending platforms in China,it summarizes that the P2P lending platform has credit risk,liquidity risk,operational risk,legal risk,and associated risk.It analyzes the prominent risks of different P2P lending modes.By investing HONGLING CAPITAL,we know its business development,product characteristics,and risk control measures.By a deep analysis of HONGLING CAPITAL,it proposes that the risk factors include incomplete legal system,unsound credit system,defective organization structure,and unsure IT system.In view of these risk factors,it puts forward some suggestions about risk control,such as introducing the third party guarantee and insurance mechanism,establishing the risk reserve system,building the user credit rating mechanism,and strengthening the construction of network security.In addition,it also puts forward some supervision suggestions about regulation subject,attributes of P2P lending platform,legal status,entry threshold,information disclosure,industry self-discipline,and credit system construction,by combining the present situation of P2P lending supervision in China and advanced experiences of foreign countries...