Research On The Operation Mode And Supervision Of P2P Fraud

With the rapid development of Internet of finance,P2 P platform has received increasing attention.As P2 P platform rapidly burgeons,China has already possessed 5331 P2 P platforms,the monthly turnover of which exceeds 88.009 billion.However,along with its high-speed development,cases like fraud occur frequently caused by the nonstandard regulation.Among 5331 platforms,there are 2617 have emerged related issues.In “Report on the Work of the Government” in 2016,Premier Li Keqiang delivered a speech on related issues concerning the current situation of P2 P Internet of finance;on April 12,2016 and August 24,2016,China has published and adopted “Implementation Plan on the Regulation Scheme of Internet Finance Risks” and “Interim Procedures on Intermediary for Internet Loan” successively,providing effective guidance for the booming development of the industry.This paper firstly collects relevant documents of P2 P Internet of finance,thus finding out problems of historical problems on P2 P platform from the history of its Internet of financial development.And then starting with from “Ezubao”,10 representative problems are selected to sample for my research based on the type of platform problems.Next,with reference to the ranking method for the development index of Internet Loan,I select some root causes which includes leverage ratio,average interest rate,operating time,turnover,number of borrowers and investors as indicators of P2 P platform.Thereafter I process the data and analyze its principal components to choose two dominating ones that best reflecting the problem.Calculating the analysis results in the original platform data to have cluster analysis,comparing the results of the cluster and dominating components,the research results can be concluded to better reflect the universal rules of the platform.In addition,the essay brings excellent platforms and skeptical platforms into the model to verify the distinct results between excellent and skeptical ones;two dominating components of skeptical platform is quite similar to Hurbao.As a result,the essay summarizes that the research results have practical significance which can prognose if the platform would succeed or not.Last but not the least,combined with the model results,the paper analyzes the characteristics of its operational fraud and puts forward some suggestions on the supervision under the requirements of the relevant documents and the model results.