Research On P2P Online Lending Risk

In 2007,China established the first P2 P online lending platform-paipaidai in Shanghai,with its convenient,low-cost and low-threshold,the P2 P lending attracted a large number of small and medium-sized enterprise and low-income people's attention,P2 P lending got very fast development in our country.The platform number increased to 5879 in 2016,and the number of participant had rapidly expanding.At the same time,due to lacking regulation and improper internal control system,since2011 the P2 P industry has come in many collapses,withdrawal difficult problems.The whole industry presents abrutal state of development,realize the standardization of the industry development is imminent.The <Network information intermediary business lending institutions management interim measures> released on August17,2016,it put forward 13 regulatory red line to P2 P platform,so the P2 P industry will go into a period of renovation and shuffle,the risk issues worthy of more attention.This thesis firstly analyze the overall overview of P2 P lending,including its concept,characteristic,function,emergence,operation mechanism and development present situation in our country;Secondly,analyze the theoretical basis of P2 P lending risk,including information asymmetry,reputation management and risk management theory,reveal the main risk existing in the P2 P industry,and a detail analysis of risk forming mechanism,and compare the common and characteristic risk under different models;Again,build the risk evaluation index system,using AHP-entropy method to determine the weight of each index,to classify the comprehensive risk measurement and risk level,then according to the 30 typical P2 P lending data for empirical research,analyze the risk situation of this industry,the results show that sample platform overall risk condition is good,but there are still a part of comprehensive risk score are low,the number of platforms with a risk rating of A+ is 0,and the risk lever for B platform account for the highest number of industry,risk profile is still worthy of attention,especially against the borrower's credit risk and liquidity risk caused by the illegal operation of the platform itself;Finally,refer to the empirical results,this thesisput forward some effective risk prevention countermeasure from the internal and external two aspects,the platform should build a credit sharing mechanism,strengthen the cooperation with third party service organization,improve the technical level and so on;from the point of view of external supervision,actively implement the regulatory rules,improve the social credit system,strengthen information disclosure requirements,improve market access and exit mechanism and strengthen self-discipline are necessary,in order to achieve the P2 P industry healthy and orderly development in our country.