Study On Risk Management Problems And Countermeasures Of Renrendai

With the vigorous development of Internet technology,P2 P online lending platform came into being.This platform has developed rapidly with its own advantages of convenience,efficiency and high yield.In 2007,the establishment of China's first P2 P lending platform,Paipaidai,marked the formal entry of the P2 P online lending platform into the Chinese market.The emergence of online lending platforms has filled the gap in financing for small and medium-sized enterprises to a certain extent,and has met the needs of some people.However,the continuous occurrence of the online lending platform events represented by "ezubao" indicates that this platform still has great risks.Taking Renrendai as an example,this paper analyzes the status of risk management of the platform,discusses the existing problems and reasons of risk management of Renrendai through data,and proposes corresponding countermeasures and suggestions.The first part of this paper introduces the research background and significance of P2 P online lending platform risk management,domestic and foreign literature review,research content and methods.The second part expounds relevant concepts of P2 P lending platform and describes the development status of P2 P online lending platform in China.It analyzes the unique risks of this platform compared with commercial banks in terms of credit risk,financing channels,risk control capabilities and so on.The third part analyzes the case of Renrendai,introduces the general situation,business model,products and performance of Renrendai,expounds the current risk management guarantee system from the aspects of credit evaluation mechanism,transaction security,due diligence of offline risk control team and cooperation with third-party organizations,and summarizes the successful experience of risk management.The fourth part,based on the objective data,analyzes the credit management risk of Renrendai from the aspects of credit risk,excess credit limit,operational risk and internal rating defects,and illustrates the corresponding reasons from the aspects of its cooperation with credit agencies,peer competition performance pressure,business process standardization,and the scientificity of credit rating model.The fifth part of this paper proposes corresponding countermeasures and suggestions for the existing problems from improving the credit system,standardizing business processes,optimizing the credit scoring.