Risk Management Of P2P Car Loan Platforms

With the continuous improvement of Internet technology,the global financial structure is also changing,and the way people conduct financial transactions gradually shifts from offline to online.In 2012,with the launch of Yu’e Bao,it marked the arrival of the Internet financial era.Traditional private lending has also been upgraded and replaced through the Internet,becoming P2P network lending.Its emergence has more conveniently solved the financing difficulties of many small and micro enterprises and individuals.With the rise of Internet finance,auto finance has also begun to enter the Internet era.According to the forecast data of China Automotive Industry Association,the capacity of China’s auto finance market will reach 2 trillion yuan in 2020,with huge development space for the industry.In the online loan business,vehicle mortgage loan,as an important part of the online loan industry,has attracted more and more attention from investors.P2P car loan industry has developed very rapidly in recent years,but under the brutal growth of car loan business in recent years,irregular and illegal phenomena have occurred from time to time.In addition,there are also many loopholes in the risk management of the car loan platform itself.After the P2P platform Internet supervision tends to be strict,a large number of car loan platforms are wound up,transformed or even run away,causing great damage to the interests of investors.In the Internet finance industry,the number of P2P car loan platforms is numerous and complicated.Most P2P car loan platforms have neither a perfect risk control system nor experience in the financial industry,and the internal risks are gradually emerging.The core of wind control in traditional car loan business lies in the price evaluation and vehicle supervision of mortgaged vehicle loans.Most private car loan companies believe that as long as vehicles are controllable,it is not necessary for platform car loans to invest too much energy in pre-loan credit review and add additional wind control costs.Therefore,even if the current P2P car loan platform has a pre-loan credit review link,its review process is too simplistic,the rating system is less professional,and it does not effectively reflect risk control.To sum up,after experiencing the explosive development from 2012 to 2017,Internet finance has gradually exposed various problems existing in the industry in the environment where the current regulatory system is lacking.Due to the lack of clear operational supervision rules and the lack of self-discipline in the industry,P2P platforms often have illegal phenomena such as illegal fund-raising,running away,and third-party payment theft.Therefore,it is urgent to construct and perfect the Internet financial supervision system.This thesis takes the micro-credit network,the largest platform in the car loan industry,as a typical case,and takes the mainstream core car loan business in the existing P2P market as the research object.Through introducing the business and operation process of the micro-credit network model,this thesis analyzes the main risk factors of P2P car loan,and referring to the risk evaluation methods of P2P loan industry and related businesses,analyzes how to reduce the risk of micro-credit network under the new regulatory policy and new economic situation,and puts forward reasonable suggestions.Specifically,it includes the following seven parts:The first part,introduction,first introduces the background of this thesis,the significance of this topic and the research of domestic and foreign experts and scholars on the network car loan platform,then summarizes the research content and research methods of this thesis,and finally leads to the innovation points of this thesis.In the second part,the relevant theories and concepts of P2P lending are elaborated.Firstly,relevant concepts of P2P and risk management are defined.Then,information asymmetry theory,inclusive finance theory and risk management integration framework are introduced respectively to provide theoretical basis for this thesis.The third part introduces the related situation of micro-credit network.Firstly,the development history,main business processes and related data statistics of micro-credit network are introduced in detail.Then it analyses the existing risks of micro-credit network from three aspects:legal compliance risk,market risk and operation risk.The fourth part introduces the current situation of risk management of micro-credit network from three aspects:risk management process,risk management concept and technology,and risk management system construction.The fifth part makes a comprehensive analysis of the problems in the risk management process of the micro-credit network and the causes of the problems.The sixth part,in view of the micro loan network risk management problems and reasons,the micro loan network risk management put forward corresponding Suggestions.The seventh part summarizes the research conclusions of the thesis,reflects on the shortcomings of the thesis,and forecasts the future development of P2P car loan platform under the new regulatory system and big data environment.In addition,the thesis has the following innovations:1.Innovation of research object.The research object of this thesis belongs to the emerging market subject and mode.Based on the relevant research results,this research has collected a large number of latest data and relevant laws and regulations,and has adopted a variety of empirical methods for analysis.2.Innovation of countermeasures and suggestions.This thesis analyzes and suggests the future development of P2P car loan platform by studying the risk management of the first listed micro-loan network in the car loan industry,and discusses the feasibility of the future development of micro-loan network and P2P car loan platform,which is the first of its kind.