The Credit Rating System And Empirical Research Of P2P Network Loan Platform In China

In recent years,the P2P network loan industry has developed rapidly in China.On the one hand,it has met needs of some borrowers and investors in the market and made positive contributions to the inclusive finance.On the other hand,the platform credit level is different.Some default platforms not only damage the interests of investors seriously,but also affect the reputation and development of P2P network loan industry.At present,the credit rating index system of P2P network loan platform is not perfect in our country.The existing credit rating system of financial institutions and foreign P2P network loan platform can not reflect the characteristics of the credit rating of P2P platform in China.In addition,if only using a single weight from subjective or objective method,the reliability of the evaluation results is also reduced because the subjective weight is too arbitrary and the objective weight is not entirely reasonable.Therefore,it is very significant to improve the credit rating index system and method system of the Chinese P2P platform,strengthen the industry supervision,and protect the interests of investors.Firstly,this paper constructs the credit rating index system of P2P network loan platform in China.Based on the credit rating index system of banks and small enterprises and the classical Five C evaluation principle,the criterion layers are constructed.Then taking into account the available principle of the index,and combining with the recent research on the impact of the platform credit level indicators,the index system of credit rating of P2P network loan platform is proposed,which can reflect the characteristics of credit rating of the Chinese P2P network loan platforms more comprehensively.Then,the method system of credit rating of P2P network loan platform is established.Based on subjective and objective index weight methods,the optimization model of index combination weights is constructed by maximizing the total score gap.The combination weights can distinguish the credit level of each platform more significantly.Then according to the combination weights,the calculation method for the credit score of each platform is derived,and the credit level is divided.Finally,based on the TOPSIS,the method to evaluate the development of criterion layer is given.Finally,empirical study is carried out.According to the calculation results of combination weights,the key factors affecting the development of P2P platform are found,and the key indexes to improve the platform's credit level are determined.Furthermore,according to the credit score,the credit level of each platform is given,and the investment and speculation level platform are divided,which can provide the reference for investors to make investment choice according to their risk preference,and help supervision agency to locate the risk platform.By calculating the distance between each criterion layer and the ideal state,the relatively weak development criteria can be found,which can provide the direction of improvement for the development of the platform.