Analysis And Evaluation On The Financial Risk Of Yirendai Peer-to-peer Lending Platform

As an important part of internet finance,peer-to-peer lending has attracted much attention since it entered the domestic market.In the early stage of development of the P2 P industry,due to the incompleteness of the strong supervision and strict industry self-regulation system,While the amount of P2 P lending platform has a sharp increase,problem platforms have also been frequently exposed.The existence of problem platform not only hurts the legitimate rights and interests of investors,but also is not conducive to the healthy operation of China's financial market.How to prevent and control the financial risks of the P2 P platform is particularly important for investors and the platform itself.Therefore,this paper uses Yirendai as a research case,using the index analysis method and comparative research method to study the financial risks faced by China's P2 P network lending platform.Based on this,establish a rating system to reflect the platform's risk level in a more intuitive way.As the first listed P2 P platform in China,Yirendai is a leader in risk control and compliance management,it's parent company Yixin's 10 years of experience in risk control also gave Yirendai technical support.Therefore,this paper selects Yirendai as a research case,which not only gives certain inspiration to investors who use P2 P online loan as a financial management method,but also has implications for the improvement of the risk management system for P2 P industry.This paper found that the financial risks faced by the P2 P industry include capital risk,liquidity risk,asset quality risk and profitability risk.Establish a financial risk rating system based on the CAMEL rating method,and incorporate management level risks into the evaluation indicators,finally,a comprehensive evaluation method is used to obtain the financial risk rating of the platform.enables the rating system to reflect the financial risks of the P2 P platform more comprehensively.Through the analysis of the case of Yirendai,this paper believes that P2 P lending platform not only requires the platform itself to improve risk control awareness,the regulatory level must also introduce relevant policies to promote the standardized development of the P2P industry.