Research On Credit Enhancement Mechanism Of P2P Lending In China

P2P lending,because of its efficient and convenient Internet characteristics,meets different levels of investment and financing needs and promotes the prosperity of the financial market.In order to attract investors,a variety of business models and credit enhancement mechanisms appeared in P2 P industry.On one hand,the adoption of the credit enhancement mechanism has solved the worries of investors and promoted the development of the industry;on the other hand,it has led to the platform suspected of self-financing,illegal fund-raising,fund pool operation,and other problems,and may form a "Ponzi scheme." Since 2016,China's regulators have issued a series of regulatory policies on P2 P lending.Among them,the regulatory requirements for the "de-guarantee" of P2 P platforms have been controversial in the industry.This paper takes the business model and credit enhancement mechanism of the main domestic P2 P lending platform as the research object,takes the guarantee system,the insurance system and other general principles as the basic theory foundation,through several P2 P platforms examples,analyzes the problems of P2 P lending credit enhancement mechanism in the aspects of operation mode,law application,supervision policy,risk control,practical operation and so on.This paper analyzes the various credit enhancement modes of P2 P lending in China,and demonstrates in detail the inevitability and practical significance of the credit enhancement mechanism in China's P2 P platform at the present stage.This paper discusses the advantages and disadvantages of all kinds of credit enhancement models.This paper also constructs a multi-level,Omni-directional P2 P lending credit enhancement system from a wide range of credit enhancement angles,and puts forward some reasonable suggestions on the specific standards of various credit enhancement modes and the improvement of relevant supporting mechanisms.