Research On Risk Management Of P2P Loan

The P2 P network lending platform has been in full swing in recent years and has provided simple,fast,and convenient loan services for small and micro enterprises and individuals.It is undeniable that the development of the P2 P network lending platform has effectively solved the financing difficulties of small and micro enterprises.However,in the past two years,due to the short development time of China's P2 P network lending platform and the low degree of risk control,the P2 P network lending platform has been frequently ran.Therefore,research on the identification,evaluation and control of P2 P network lending platform risks has important theoretical and practical significance for improving the platform risk management level and promoting the healthy,sound and sustainable development of P2 P network lending platform.Based on the review of domestic and foreign related research,this paper comprehensively uses the theories and methods of risk management theory,analytic hierarchy process and fuzzy comprehensive evaluation methods to study the risk management of P2 P network lending platform.The main research work and conclusions as follows:(1)Analyzed the business model and characteristics of the P2 P network lending platform and focused on the analysis of the operation of five online lending platforms such as P2 P Renren and P2 P Yixin in China,and three online lending platforms such as the foreign Zopa platform and Prosper.Modes and features.(2)Identify and analyze the risks faced by the P2 P network lending platform.Through the identification and analysis,the risk of P2 P network lending platform has two major categories: one is the conventional risk that is consistent with traditional finance.Of course,these conventional risks will also undergo new changes under the Internet platform,mainly including laws and regulations.Risk,market risk,credit risk,operational risk,liquidity risk,etc.;the other is the unique risk of the P2 P network lending platform,including technical risk,information security risk.(3)Constructed a P2 P network lending platform risk assessment model and applied it.Based on the risk identification and analysis results in(2),a P2 P risk assessment index system including seven first-level indicators and 23 second-level indicators was established;the weight values of these indicators were determined using the analytic hierarchy process;based on this,based on The fuzzy comprehensive evaluation method establishes the risk assessment model for the P2 P network lending platform.The Renren Credit Network lending platform is used as an example to apply the model and satisfactory results are obtained.(4)From the aspects of improving basic risk control,establishing a specific risk management system,and strengthening comprehensive risk management,a risk management and control strategy for the P2 P network lending platform was proposed.The above research results have great guiding significance for the risk assessment and control of China's P2 P network lending platform,and it also has certain significance for similar risk management of online financial companies.