Research On Risk And Control Of Peer-to-peer Lending Network Platform

The establishment Shanghai Ppdai network lending platform in July 2007 marked that the peer-to-peer network lending model was introduced into China from abroad.Over the next few years,the peer-to-peer network lending platform sprang up as a carrier of network lending.And the market of network lending expanded rapidly.But the development of peer-to-peer industry in China has just started.It lacks the regulations restraint of relevant regulatory authorities and the legal laws.And these platforms have many differences,such as operational scale,qualification and profitability.So the phenomenon of collapse of network lending platform and make off with money happened frequently.In the peer-to-peer network lending model,the direct communication between investors and borrowers,the construction of the open public platform and lacking of transparency of the cash flow has brought a certain degree of risk to the development of peer-to-peer network lending platform.In practice,the P2P lending model also produced a series of problems involving law or social morality.Under this circumstances,It is urgent to research the overview,risk and regulation and other problems about the peer-to-peer network lending industry.In April 2014,the relevant departments of our country put forward the four red lines about P2P network lending platform business.In September 2014,related departments put forward ten principles of peer-to-peer network lending platform.In January 2015 relevant departments proposed supervision eight suggestion about e-banking.In July 18,2015 China promulgated the "guidance on promoting the healthy development of e-banking." Which is knowned as the basic law of Internet finance.It is not difficult to find that China's relevant departments' policy of the risk of peer-to-peer network lending platform is more and more clear,more and more rich in details.In order to make a little contribution to research the control the risk of peer-to-peer network lending platform in China,the author selected Ppdai which is the chinese mainstream platform to analysis and research the risk of it.First of all,this article start from the domestic and foreign research present situation.And briefly introduces the risk warning of China financial supervision department and industry self-regulation of peer-to-peer network lending.The introduction contains lower yields,the imbalance of regional development,questionable platform grows frequently and several other features of the peer-to-peer industry.And put forward The necessity of risk prevention,supervision and control of network lending platforms.Then in order to better illustrate the peer-to-peer industry in our country,this paper selects Ppdai which is the mainstream lending platform to analysis.And use it as the specific case to anlyse its detail information from its seven aspects:economic environment,technical support,market risk,financial risk,risk management strategy,operation risk,management risk,legal risks to evaluation and analysis Ppdai's risk.Then the paper introduces the development of foreign lending network and the main operational mode.And devide Chinese peer-to-peer network lending platform into 5 kinds:state owned assets system,the banking system,listed company system,venture capital system and the private system.The author selected several platforms which can represente the its system from this five kind of network lending platform,analyzes the successful experience of it and make suggestions for the perfection of Ppdai risk management model.At the end of this paper,according to the management experience of the domestic and international platform above,author will put forward some suggestions for the risk control of Ppdai Network lending platform.Suggestions is five aspects:the establishment of perfect credit investigation system,improving the payment system,improving the open degree of platform,established appropriate trust funds and guarantee mechanism,and cultivate potential customer,keep away from the asset shortage.