Risk Management Research Of Chinese P2P Lending Platform

The appearance of P2P platform due to the rapidly development of global Internet technology. P2P platform show the combination of lending financial disintermediation and Internet in the personal side of the enormous energy is a major innovation of financial concepts and methods. P2P platform shows enormous energy on personal side, by combination of Internet and financial disintermediation, is a major innovation of financial concepts and methods. Since the construction of the first P2P Platform "Paipaidai" in our country, P2P industry showed explosive growth. On March,2015, the number of working platforms is 1728, the trading balance is over 15 billion yuan, the accumulated turnover is 50 billion yuan above, the P2P trading scale of our country is now taking the first place in the world. The rapid development of P2P industry in China may caused by the financing need of small companies and person, which depressed by the finance environment in our country. and cannot be satisfied.Because of the delayed of regulatory supervision on platform, P2P industry still in a situation of" no barriers to entry, no industry standard and no supervision department", resulting the presence of many problems on P2P industry, such as lack of legal regulatory, the reality of account managing and safety doubts, credit transaction difficulties, normal situations of misappropriation on funds, inadequate disclosure of information and so on. Legal risk, credit risk, moral risk and also operational risk become more and more severe. According to the statistical result of "Wangdaizhijia", since 2011, the problem platforms reaches 557, which 275 platforms burst out problems in 2014, the newly problems platform in 2015 has 183. Fund cannot be paid, run away companies and close down problems, puzzling the P2P industry deeply.Focusing on various types of financial risk and exposure for the development of the P2P industry problems, this article suggests that we should strengthen internal risk control from three dimensions, legislation to regulate the regulators, P2P industry self-regulation, P2P platform risk prevention and control, based on the study of Britain and American experience. To clear the main regulatory framework, the establishment of entry exit system, strengthen financial supervision of custody and clearing, development of credit system, improve the P2P platform business model, build a clear risk control department functions and risk control systems, as well as adhere to the principle of small dispersed with data analysis methods to establish risk control models and decision engine.