| In 2016,China further deepened reform of the supply front,which has made the direction of economic restructuring clearer and the new innovation-oriented normal economic model have more specific requirements to inclusive financial policy.As a social organization relying on online lending behavior,P2 P lending platforms are convenient for small and medium enterprises and individual loans,enriching China's financial market,and meeting development needs of China's economic.Not only the platforms have been welcomed since the beginning by the majority of investors,also the national policy has given strong support.However,as the development of P2 P platforms,the drawbacks gradually exposed.When the investors want to collect funds,the platforms face repayment difficulties,capital operation disruption,bankruptcy and other crises.The industry's reputation is seriously questioned by investors which cause the breaking of credit crisis.Due to the high risk of financial instruments and simple platform management,online lending platforms have a large financial risk.The empirical results show that the more companies the P2 P lending platforms cooperate with,the less financial risks exit.Adopting project matching,Platform will increase instead financial risk level.The higher of the financial leverage,the lower of the financial risks.Platform risk reserve amount has nothing to do with financial risk evaluation scores.Setting up perfect loan audit system can only marginally improve financial risk evaluation scores.Eventually,according to the platform operation flow three dimensions approaches,the paper put forward to establish a financial risk early warning system,strengthen the internal audit opinions,establish a shared financial database to strengthen the security system,explore a suitable industrial chain for the development of the platforms,and promote the steady development of the platform from two aspects of improve profitability and strengthen internal management. |
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