Research On ERM System Building Of China’s P2P Lending Company

P2P lending, as a great innovation in micro finance, is booming all around the world. P2P lending is short for peer-to-peer lending. It is a financial model that allows individuals to lend to or borrow from each other on an Internet-based platform operated by an electronic business company.According to statistics from wangdaizhijia.com,there were 1575 P2P lending companies in China until december 2014 and the turnover reached 282.90 billion in the year 2014. With increasing number of platforms and turnover is growing numbers of platforms for bankruptcy.Risk management plays a vital importance in the development of P2P lending. P2P lending company first comes out in China in 2006, began to appear in succession and rapid development from 2012, in Explosive growth at the same time, P2P lending risk also gradually revealed, how to deal with the accumulation of risks in this low-risk management situations in the low level of risk management and establish a scientific and effective risk management approach to P2P companies is imminent,how to strengthen the risk management become the inevitable choice. This article through studies P2P risk management mechanism at home and abroad, combined with domestic actual situation optimization and improvement, build P2P lending Enterprise Risk Management system in our country.This article used the literature analysis, case analysis, theoretical study and comparative analysis, in-depth analysis of P2P lending enterprise Risk Management system in our country.This article first introduced the research background, purpose and significance, research content and method. Then lists the three theories:Information asymmetry Theory, Internet Finance Theory, Enterprise Risk Management Theory as research P2P lending risk management theoretical basis. By domestic and foreign scholars study of P2P lending risk management were analyzed and summarized the results of the study. The development of P2P lending from abroad and domestic to introduce foreign P2P mode, of which the Lending Club and Creditease as examples, analyzes the trading process and risk management. Then from the process of P2P lending transactions, the risk of the parties according to the business link content classification, and analysis of the specific risks of the P2P lending business in our country, starts with the basic risk of specific risk and build risk management system respectively, and summarize the establishment of Enterprisee Risk Management system. As it continues to develop, there will be more external regulatory, this paper analyzes the impact of the internal environment as well as the external market environment, self-regulation and external regulatory for P2P lending companies on Enterprise.The innovation research of this article is try to create the top-level design of overall risk management system, the current specification development of P2P industry has important theoretical significance and practical significance.