Study On Risk Control Of P2P Online Lending Platform

In recent years,with the development of internet technology,numerous companies can involve in financial industry,which has formed the combination of industries and finance.The P2P lending platform has emerged.P2P,short for peer-to-peer,is a financial service platform for individual to individual and point to point.Namely,it achieves information exchange and direct investment and financing of capital supply and demand through network platform.Building a convenient,efficient and safe financial products sales and trading platform,regarding the financial products of financial institutions or qualified financial products of similar financial institutions as the goal,and achieving the P2P investment and financing in the form of financial products transactions not only are conducive to help small and medium-sized enterprises solve the financing difficulties,but also revitalize the private capital stock and optimize capital allocation efficiency,which greatly enhances the financial viability and generalized preference,increases the proportion of direct financing and lays a solid foundation for interest rate liberalization.However,P2P industry in China is still a new thing.Given the enormous complexity of the local financial system,coupled with internal and external regulatory policies delay,the legal risk,credit risk,fund custody risk,operational risk and a series of risks will inevitably break out,then the incidents of bankruptcy or vicious running away of P2P lending companies due to payment crisis take place frequently,thus the research on risk control theories of P2P lending is particularly necessary.Case analysis is adopted in this paper,which analyses the overdue loan of Hongling Capital Anhui 9th Project(target amount 110 million)in-depth.The paper has three parts.The first part introduces the business situation of Hongling Capital and the cause and effect of the overdue loan case of Anhui 9th Project;the second part combines the overdue loan case of Anhui 9th Project to regard the blind spot of main risk control as policy risk,credit risk,operational risk and funds trusteeship risk,and does in-depth analysis for the borrowers' credit risk,operational risk of Hongling Capital,the risk of large business irregularities and the legal risk that might be caused by high borrowing rates combining with the main source of risks.During the analysis,the author compares the successful experience of some P2P lending platforms in conjunction with bank credit management theory.Secondly,this paper analyses the risk management measures of Hongling Capital and points out that it has problems like the loopholes in borrowing process,the limited amount of loan loss provision,and collateral-based loans improving the thresholds,and it needs to continue to strengthen the management of use of funds as ear-marked for investors in the process of management;the third part,based on the analysis of the former two parts,makes proposals of perfecting the online and offline risk identification and measurement,raising the management level of P2P lending platform risk,establishing self-discipline association,strengthening the information disclosure,and improving the exterior supervision system for P2P lending platform.