Research On Risk Control Of P2P Network Lending Platform In China

The year 2015 is of profound significance with the Internet finance industry flourishing.This year,the Internet financ e developed from the edge to the center,the Internet credit,mobile payment and other infrastructure construction quickly spread.With its absolute advantage of low cost and large scale,the Internet is greatly reducing people’s financial costs;we are now coming into a new financial age.At the same time,Internet finance is included in the "13th Five Year Plan ",the national leaders repeatedly express their support for Internet financial development.The little spark of Internet finance now makes a great fire,sweeps across all walks of life and makes a major change in social economy.As one of the Internet financial innovation models,P2 P network lending is developing with an amazing speed in recent years.However,we have to admit that after several years of brutal growth,the 2015 P2 P network lending platform burst out lots of the risks.Based on the theory of risk control,this paper uses the case analysis method,the literature research method,the experience reference method and the field research method to explore the risk of the current P2 P network lending platform,pointing out its existing risks.Based on the theory of information asymmetry and risk control,through the analysis of the operation mode of Ezubao,the paper expounds the basic thinking and countermeasure of P2 P platform risk control,and on the P2 P industry Risk control.In this paper,we find that Ezubao set up a funds pool,but the platform is not well managed,and the quality of information disclosure is low;there are related transactions and suspect of self-financing in the course of the operation.This paper further analyzes the causes of the risk of P2 P industry,which can be summed up as four points: the lack of legal supervision,the imperfect system of credit system,the lack of industry self-discipline awareness and the lack of access threshold industry confusion.In this paper,we propose our recommendations of risk control.In order to operate smoothly and orderly,P2 P industry not only needs to improve the mode of capital custody,but also needs to introduce of third-party audit information disclosure;on the other hand,we must strengthen the legal supervision for the P2 P industry,such as setting a reasonable threshold;At the same time,investor interests,investment philosophy should be strengthened,so as to create a good environment for the development of network lending.It is hoped that this typical case can be use ful and revealing to the development of other P2 P network lending platform,and help the industry to avoid risks and make progress in the course of operation.