Study On The Withdraw Mechanism Of Network Lending Industry

Since the advent of the Internet financial concept,Internet payment,Network lending,network public financing,cash loan,and block chain based digital currency have entered the public view in turn.Among them,network lending has developed rapidly because of its early development and low entry threshold,and has supplemented the vacancy of China's financial market.On the one hand,the rapid development of network lending has provided the convenience for the users,improved the efficiency of the financial market,and on the other hand,because of the lag of supervision,it has become the hotbed of the network financial fraud.With the promulgation and implementation of the regulatory policy,the threshold of the online lending industry has increased,and there has been an upsurge in the network lending platform withdraw.It is good to be thankful that the platform,which is different from the past network lending platforms,ends with the loss of the couplet.Since 2015,the platform has been issued,and the platform for the normal clearing of the borrower's funds has increased substantially.This kind of behavior is called a benign withdrawal of the network lending platform,and the proportion of benign withdrawal is more than in 2016 and 2017.The proportion of vicious withdrawal has changed public perception of the network lending industry to a certain extent.In view of the withdrawal of the network lending platform,through the research method of literature analysis,investigation,qualitative and quantitative analysis,it is realized that the withdrawal process of the network borrower is more important than the general enterprise bankruptcy liquidation.Loss,expansion of the social harm that can be avoided.The withdraw of network lending platform is not only the core of public concern,but also the central point of the contradictions among participants.After studying the current situation of the industry,the status of withdrawal and the case,this paper puts forward that in the way of network lending and lending,besides the malignant withdrawal and benign withdrawal,the neutral withdrawal caused by the inability to operate and bankruptcy should be clearly divided.It is found that the emergence of the upsurge is mainly influenced by regulatory policy,business environment,risk management and other factors,and the different ways of withdrawal will be transformed by subjective and objective reasons.Through the analysis,we found the problems of the withdrawal mechanism of network lending in China.Until now,the withdrawal of the network lending platform still lacks the serious lack of laws and regulations,the action of the supervision subject is not obvious,the process is unobstructed,and the official way is not guaranteed,and it lacks the relief for the difficult network loan platform and the participants.Finally,according to the results of the analysis and the problems found,this paper summarizes the suggestions of the borrowers,borrowers,network lending platforms,regulatory agencies and other participants,and recommends that the regulatory agencies provide effective supervision,takeover,insurance and relief measures to ensure the smooth progress of the benign withdraw,and prevent the platform from being neutral to malignant.To protect the legitimate rights and interests of all the participants in the network loan,to ensure the orderly development of the financial market in China,and to provide reference for more financial innovation supervision in the future according to the experience of the supervision of the network lending industry.