The Research On Financial Risks And Supervision Countermeasures Of P2P Lending In China

China's first P2P lending platform named PaiPaiDai established in 2007,which marks a new way of borrowing came into being.P2P lending is based on mass information and technology in the Internet which can direct connect the borrower and the lender.But supervision mechanism of P2P lending in China is not mature,the problems of the difficult withdraw,the leader holding the investor's money to escape and the illegal financing behavior of the P2P lending platform made the development of P2P lending industry not optimistic.The high self-fiinancing risk and fund regulatory risk exposed can suffer investors a lot,even have an impact on financial stability.How to classify the financial risk of P2P lending platform?How to deal with the financial risk of China's P2P lending industry by legal regulation?Based on the laws and regulations in China,how can the regulators monitor P2P lending industry effectively in the future?The above three aspects of the question to explore,and put forward the solution to the above problems.Based on the data of P2P lending platforms such as borrowing rates,the registered capital and capital custody by using 3247 P2P lending platform's record data published by wangdaizhijia,we find that the problem P2P lending platforms have the following characteristics:more funded by private capital,short investment project borrowing period and the high interest rate,low registered capital,fake investment project and unstandardized capital deposit and so on.In order to prevent the financial risk and strengthen the provision of the legal supervision system for P2P lending industry,takes the financial risk of P2P lending industry as the breakthrough point,and puts forward the legal supervision suggestions from the aspects of external supervision and internal control of P2P lending industry:the external supervision mainly focuses on the introduction of the legal supervision system of P2P lending industry qualification access rules,registered capital access rules and the establishment of network lending rate restrictions;the internal control discuss the three aspects including establishment the P2P lending industry risk assessment mechanism,establishment a stable platform system and establishment of reputation constraints mechanism.