Research On The Risk Of China's P2P Network Credit Platform Based On "e Zubao" Event

With the rapid development of Internet finance,the traditional financial business has been a huge impact,and P2 P network loan platform is one of the representatives.Compared with the traditional commercial bank credit business,P2 P network loan platform provides a more convenient virtual platform for those who are difficult to obtain loans from traditional financial institutions,small and medium enterprises and individuals to provide a good financing channels,but also for investment Provides a more profitable way of investing.However,the development of P2 P network loan platform has been controversial,due to the lack of adequate legal basis and the relevant departments of the regulation,China's large number of P2 P network loan platform in the daily operation of a large number of problems,a large number of platforms due to their own management and risk of internal control The mechanism is not complete,can not guarantee the safety of investors.In addition,due to the chaos of the access system,a large number of enterprises do not have the Internet financial business qualification to enter the P2 P network loan platform,money laundering and illegal financing and other criminal acts,to the community caused by the turbulence,but also very detrimental to the future development of P2 P network loan platform TheBased on the famous case of the collapse of e zubao platform,the author analyzes the whole process of how the e zubao platform is from the establishment to the collapse.First of all,this paper explains the types of risk hidden by China's illegal P2 P network loan platform,which is based on internal and external risks.It also introduces the basic procedures of risk management,mainly from risk identification,measurement,evaluation and control.Secondly,this paper analyzes the whole process of the creation,development and collapse of e zubao treasure,and thinks that e zubao has the characteristics of illegal fund raising,commitment trap and self-financing,and explores the characteristics of operational risk,credit risk,operational risk,market risk and legal and reputational risk.Thirdly,this paper mainly analyzes the internal and external causes of the risk of e zubao.The internal reasons include the establishment of impure motives.The existence of information asymmetry and information false phenomenon,the internal risk management system is imperfect and business decision-making there are four aspects of errors;external reasons,includingthe industry regulatory mechanism is not perfect,the industry risk management system is imperfect,lack of market interest rate adjustment mechanism three aspects.Finally,according to the research results of e zubao event,this paper designs the system of risk management of P2 P network loan platform in China from three aspects:macro,medium and micro,hope for China's future P2 P network loan platform to provide a certain The reference.