Study On Administrative Regulation Mode Of China's P2P Platform

In recent years, China's P2P platform obtained rapid development with a huge surge in number, which has become a critical way for small and medium-sized enterprise to finance. However, not consistent with the rapid development of China's Internet financial status, the government's and enterprise's management experience are relatively inadequate and insufficient. Meanwhile, owing to the P2P lending participants' lack of risk consciousness and the ability to resist risks, financial risk problems often happen and platform operators run off in secret with money at times.Among the pros and cons of the game, the Chinese government and the Internet financial departments also made a series of reaction. In 2015, the China Banking Regulatory Commission(CBRC) set up a special department dealing with Internet financial supervision; In August of 2016,led by the CBRC, the four ministries and commissions issued a series of normative management measures, which played a positive role and at the same time also reflected a series of problems. For example, the functions and regulatory content of supervision department are not clear, making some P2P platforms escape from necessary regulation; Banking regulatory commission (CBRC) is the competent department of finance,which did badly in the professional platform supervision, making regulation just a mere formality; The credit information system is not sound, the disclosure of information is not comprehensive and not in time,the industry self-discipline is not complete, the emergency protection mechanism is not sufficient, and so on. All in all, there are a series of supplementary measures which remain to be further strengthened. Aiming at these problems, from the perspective of administrative supervision, this paper begins the study from the regulatory model and makes introduction of the core concept of "administrative regulation" and the "regulation mode" at first, indicating the writing directions and entry point. The starting point of regulation of Internet platform for loans is to regulate its existing risks. To this end, this paper retrieves the number of 10 P2P platforms in 2016 by retrieving the data of "net loan home", using AHP,using yaahp v7.5 software for risk assessment, determines the nature of the platforms by different classifications, establishes the distinct classification regulation mode in market access, on-going business as well as market exit, and carries on a comprehensive discussion about the legal system, information disclosure mechanism, the credit system,industry self-discipline mechanism, emergency protection, consumer protection and so on to support the regulation mode operation.