Reserch On Risk Management Of Company A's P2P Network Lending

With the continuous development of the Chinese economy and Internet technology,the Internet finance industry has grown rapidly.Along with the emergence and development of P2P network lending,the time and space constraints of traditional loan platforms have been broken,a new investment and financing way has been opened up for the Chinese financial industry.P2P network lending has a short development history in China and is still immature.The "cheating" and "bankruptcy" problems have become frequent in the P2P network lending industry in recent years,which did great harm to the development of the P2P network lending industry.It is necessary to study the risk management of P2P network lending platforms,which can improve the ability of enterprises to resist risks and reduce the emergence of "problem"platforms.It is of great significance for the healthy development of the Chinese P2P network lending industry.According to the basic steps of risk management,this paper conducts risk management research on Company A's P2P network lending.First identify the risks of company A's P2P network lending.The risk evaluation index system structure is constructed,including the six standard-level indexes of market risk,legal compliance risk,credit risk,liquidity risk,operational risk and information technology risk.On this basis,these standard-level indexes are subdivided into twenty-two factor-level indexes.The judgment matrix is established through the analytic hierarchy process firstly in the process of evaluating the P2P network lending risks of the company.The single rank and the total rank are calculated by Matlab to obtain the order of the weights of standard-level and factor-level risks.Furthermore,the factor set and the risk evaluation set are established in the fuzzy comprehensive evaluation method.The single factor evaluation of the fuzzy comprehensive evaluation is carried out on the basis of the weight vector obtained by analytic hierarchy process.The risk order of the standard-level indexes of the P2P network lending of the company is calculated:credit risk?legal compliance risk?operational risk?liquidity risk>information technology risk?market risk.Finally,through the comprehensive evaluation of the fuzzy comprehensive evaluation,the overall risk level is ?,which means that the overall risk level is high.On this basis,some risk control suggestions are made mainly from the perspectives of the enterprise and the government in the paper.The suggestions on the enterprise are as follows:(1)Improve the internal control system,such as perfecting the authorization and accountability system,and improving the post-loan tracking mechanism;(2)Improve the credit audit system of the company by strengthening the credit audit of borrowers and strengthening the construction on the credit investigation system;(3)Improve the management level of the company,including the establishment of a professional talent team,the improvement of the comprehensive quality of the management layer and so on;(4)Strengthen the control of information transparency,such as the disclosure of relevant financial data,indicating the risk of investment.The suggestions on the government are as follows:(1)Assist in the improvement on the construction on the industry credit system;(2)Strengthen the supervision on the P2P network lending industry;(3)Improve the industry information disclosure system.