The Study On The Credit Risk Of Peer-to-Peer (P2P) Platform Based On The Logistic Model In China

With the development of network technology,the traditional industries combined with the development trend of e-commerce online are more and more obvious.P2 P lending platform is a new model of the combination of traditional finance and online Internet.Because of its short lending time without collateral,P2 P lending platform can help get rid of the financing of the micro enterprises difficult predicament,on the other hand can provide some good investment opportunities for China's small and medium investors?So it has developed rapidly in C hina.Though the P2 P lending has developed very rapidly,the industry's risk is still very high without the laws and regulations.some P2 P lending platforms has collapsed or run away.What's worse,some P2 P lending platforms are borrowing well-known for illegal fund-raising in fact.Faced with this situation,regulatory authorities should public the introduction of legal policy as soon as possible.In this paper,firstly,summarizes the situation of the development of P2 P network loan industry.secondly,describes the development process of P2 P network lending industry in China and learns from the Western countries on the P2 P network credit industry regulatory measures experience.Thirdly,proposed regulatory measures.After reading t he related literature,this paper summarizes the P2 P platform is divided into the main risk of external risk and internal risk of two categories External risk is mainly the risk of laws and regulations and market risks.Internal risk is mainly business risk,credit risk and information disclosure risk and so on.In the section 5of this paper,we build the Logistic regression model based on the”Home of Internet loan”.We found that the average expected rate of return of the P2 P lending platform,the number of borrowers for the past 30 days,the quota of average investment and the net flow of funds for the past 30 days are effecting of default occurrence ratio platform.Based on the result of the logistic model,the result is very significant.In conclusion,the estab lishment of the P2 P lending industry regulatory policies and measures need to follow the "open","equality","cooperation" and "clear responsibility" and other principles.In addition,only the P2 P lending industry industry self-discipline,to achieve mutual cooperation within the industry,mutual supervision can it has Long-term development.