Research On Credit Risk Management Of P2P Network Loan Platform

Since 2013,the Internet financial innovative businesses such as crowdsourcing,mobile payment,Europa and Renren Loan have flourished in China.They not only promote the reform of financial service mode and accelerate the marketization of pricing,but also have a positive impact on breaking financial repression and accelerating financial disintermediation.However,behind the prosperity and development,Internet finance further aggravates the instability of financial markets.At present,there are two ways to generate and operate virtual financial services provided by internet financial institutions: one is to extend the business of traditional financial institutions to the internet,that is,the stage of electronic finance and network finance;the other is to create pure online financial services,that is,the stage of big data finance and artificial intelligence finance.These stages are gradual transition,integration and interaction,and there is no clear demarcation between them.According to the core principles of effective supervision of Basel banks,financial risks are systematically classified into liquidity risk,market risk,credit risk,operational risk and legal risk according to their causes.These risks are not only available in Internet finance,but also in traditional finance due to the incorporation of some characteristics of Internet.Compared with the risk,the risk is different in inducing factors,manifestations and degree of harm.Internet finance also has market risk,credit risk and liquidity risk.Market risk refers to the market value of basic financial variables is uncertain due to changes,resulting in fluctuations in market prices,which will cause Internet financial enterprises to suffer losses because of different balance sheet positions.Credit risk refers to the risk that the credit rating of Internet financial enterprises will be lowered and the loss of Internet financial asset holders will be uncertain due to the default of the counterpart in the transaction.Liquidity risk refers to the uncertainty that Internet financial enterprises sell assets at a reasonable price or borrow funds to meet the liquidity supply.Of course,Internet finance also has risks that traditional finance does not have,such as technology risk,data risk,systemic risk and so on.Based on the existing research methods,this paper uses the traditional financial risk identification and control theory to study the characteristics of Internet financial risk,and does the following research work:(1)Based on the theory of information asymmetry,this paper studies the impact of key factors such as loan amount,interest rate,penalty for breach of contract and information sharing for breach of contract on Internet financial credit risk.This paper analyses the credit risk factors of both borrowers and lenders,and takes Company A as an example to discuss the credit risk problems existing under the multi-factors.(2)According to the establishment of orderly multi-classification logistic model,the corresponding data of A company are extracted to carry out regression analysis and verification of the existing credit risk factors,and implemented by R language.(3)Introducing the social network mechanism to explore the effectiveness and feasibility of slowing down credit risk from the three stages of pre-event,in-event and post-event of P2 P platform lending.