Research On The Problems Existing In P2P Network Lending And Performance Guarantee Insurance Cooperation In China

With the high-speed development of Internet finance,P2P network lending has generated and burgeoned.But the risk of P2P network lending have emerged because the short development time of P2P online lending in China,as well as domestic legal system and economic factors.The P2P network lending has cooperated with Performance guarantee insurance in order to control the platform risk and improve the competitiveness of lending project.Although cooperation has made certain achievement,but because Chinese P2P network lending and Performance guarantee insurance cooperation are still in the running-in stage,there remain many substantive questions to be solved,such as external environment problems,difficulty in credit risk management,unreasonable pricing of insurance products,lack of professional talents and so on.The cooperation between P2P network lending and Performance guarantee insurance is a beneficial attempt in the financial market.A new financial model has emerged to further meet the needs of the financial market and make up for the shortcomings of the financial market.With the emergence of new financial products,risks and problems are inevitable,which does not hinder the further exploration and development of the cooperation between the P2P network lending and Performance guarantee insurance.In the face of the risks and problems in cooperation,we should not evade but find solutions to problems and put it into effect.This paper analyze P2P network lending and Performance guarantee insurance,based on the Information Asymmetry Theory,Credit Theory,Expected Benefit Theory,Game Theory and other related theory.It mainly introduces the income distribution principle and distribution mechanism of the participants,and analyzes the game model of the two cooperation modes according to the actual situation.Relevant strategic recommendations to promote stable and sustainable cooperation.By constructing a game model for the cooperative participants and analyzing,it is concluded that the cooperation between P2P network lending and Performance guarantee insurance can be developed healthily and continuously,mainly depending on whether the self-interest of each participant can be guaranteed.The article puts forward some strategic suggestions from the external environment and inside the industry,in order to ensure the interests of all parties and promote the in-depth and healthy development of the cooperation between the two parties.For example,in the external environment,relevant laws and regulations should be improved,the government's supervision should be strengthened,and the credit information system should be improved;In the internal aspects of the industry,it is necessary to strengthen credit risk management capabilities,ensure the reasonable pricing of insurance products,and cultivate professional talents.