Research On Risk Control Mechanism Of P2P Platform In China

In 2007,China's first P2 P online lending platform was established in Shanghai.This lending model spread rapidly across the country with the development of network technology,marking the rise of China's Internet finance.With its low threshold,high convenience and wide range of radiation,the P2 P platform is highly efficient in collecting social idle funds,solving the needs of small lenders,and effectively allocating resources.The rapid development of the P2 P platform is an effective supplement to the traditional lending method,which is of great significance to the development of China's economy.However,in the recent rapid development of the P2 P platform,the phenomenon of "explosive thunder" on the platform is not uncommon.In the middle of 2018,there are many platforms with problems such as suspension of business,transformation,and running of the boss.The industry is frequently chaotic.According to the above social phenomena,this paper raises the thinking on the risk control of China's P2 P platform.Based on the theory of information asymmetry,taking inclusive financial system as the starting point.The comparative analysis and case analysis are used to study the risk control mechanism of P2 P platform in China.Firstly,it analyzes the development overview,operation mode and risk control of China's overall P2 P platform and two successful foreign platforms.Secondly,take the domestic well-known P2 P platform Lujinfu as a case,and use the system risk management process in ISO31000 "Risk Management Guide" to analyze the risk control mechanism of Lujinfu.And evaluate the integrity and effectiveness of its risk control mechanism,finding its advantages and disadvantages.Finally,based on the analysis of Lujinfu,combined with the background of China's P2 P platform industry and advanced practices at home and abroad,the enlightenment of establishing a risk control mechanism for China's P2 P platform is obtained.From the promotion of the regulatory authorities,the construction of the platform itself,and the guidance to investors and borrowing,propose high feasibility,reasonable and effective recommendations for the platform.The research and analysis done in this paper are intended to help the development of the P2 P platform,and thus promote the stable and healthy growth of the Chinese P2 P industry and contribute to the construction of the global inclusive financial system.