Research On Risks And Regulations Of P2P Network Lending Industry

P2P is one of the new forms of Internet finance.Since the first appearance of the British Zopa P2P lending platform in March 2005,the Prosper and Lending Club network lending platform in the United States has gradually developed.The first P2P network lending platform in China was "PaiPai Dai",which was first established in August 2007.With the popularization of Internet finance,P2P network lending platforms has been flourishing in China,which has a great impact on the national economy and people's daily life.The number of P2P network lending platforms is increasing,while the shutdown and problem platforms is also increasing.At the end of November 2017,the number of P2P network lending platform in China which still in the normal operation is up to 1954,while the number of problem platforms reached 4008.The shutdown and bankruptcy of the platform have brought great losses and harm to the investors,which has caused the high attention of the various regulatory departments of China.Based on the research of the features and functions of P2P network lending industry,this paper analyzes the characteristics and functions of the P2P network lending industry.Based on the typical cases of all kinds of problem platforms that have erupted in recent years,the risk status of P2P network lending industry is discussed.It also analyzes the regulatory policies and regulations of the regulatory departments in China,and the impact of the regulatory system on the P2P network lending industry.On the macro side,we should clarify the main responsibilities of industry regulators,establish industry access and exit mechanism,improve personal credit information system,strengthen industry self-regulation,and strengthen public education and publicity.The micro level,we should put forward the perfect company management structure and risk control mechanism,strictly enforce the depository of funds and information disclosure,set up the product model of liquidity risk scientifically,strengthen the platform construction of information system,improve the management level,in order to promote the healthy development of the P2P network lending industry.