The Research On Government Regulation Of Shanghai P2P Internet Lending Risks

It has been 13 years since the P2 P internet lending platform was introduced into China in 2007.From very few in the initial stage,to vigorous prosperity later,then to disorder and craziness,and to continuous renovation,gradual transition and contraction,P2 P internet lending platform has experienced a big cycle.Due to the inducement of huge profits,the lack of formal financial products,the lack of investor risk education,the absence of P2 P industry supervision,China's P2 P internet lending platform has various risks.In this big cycle,the government regulation has obvious supervision defects,resulting in the distorted development of the P2 P industry and subsequent running,thundering and bankruptcy,which has brought great harm to the social stability and financial security,etc.Based on the theory of P2 P internet lending risks and the theory of the public administration,by the methods of literature analysis and case study,this paper expounds the development process of P2 P internet lending platform in China and Shanghai,and focuses on the analysis of the case of “ZD Company” in which the supervision of P2 P internet lending platforms failed.Through the analysis of the failure case,we can understand the deficiencies of government regulation in the aspects of mechanism,regulation and collaborative management.Since then,this paper uses nearly half of the space to focus on the deficient situations,reasons and policy suggestions of these three aspects,hoping to provide some opinions on the future regulation of P2 P internet lending industry,and even to improve the supervision of the similar industry.There are two innovations in this paper.First,it analyzes the success or failure of four supervision cases in Shanghai by the method of case study,and draws the conclusion of the deficiencies,causes and suggestions of current supervision;Second,based on the theory of collaborative public management,it gives suggestions to improve the collaborative supervision of P2 P internet lending platform,and provides supervision ideas for similar institutions in the future.