Research On Risk And Regulation Of P2P Network Lending In China

In 2007,China's first P2 P network lending platform PaiPaiDai was established.As an important innovation in the field of Internet financial mode,P2 P network lending industry developed quickly in China,business types of P2 P platform are continuously enriched and innovated.The disadvantage of a long time for traditional commercial bank loans review,high qualifications for borrowers,dependence on mortgage and guarantees was changed,small and micro enterprises and individual consumers is easier to obtain a loan than before,which improve the efficiency of the financial market.At the same time,P2 P network lending as a new investment was welcomed by the majority of investors and broaden the investment channels,because of the flexibility and convenience,high income,low investment threshold.However,with the rapid development of P2 P industry,the risk faced by the industry itself is gradually exposed.Because of P2 P industry's low barriers to entry,risk control is not in place,credit system is not perfect,lack of supervision and management,P2 P platform frequently occurs funding strand breaks,illegal fund-raising,collapse,fraud.Therefore,how to effectively control the risk factors and regulation of P2 P industry is primary for P2 P.The writer combined risks theory with the specific risks of P2 P industry event and analyzed the risk of P2 P industry in China and gives an analysis Mode called the "three-dimensional and one-point" Risk management refers to "Enterprise Risk Management-Integrated Framework" from the COSO.At the same time,the write analyzed the HONGLING Capital with the "three-dimensional and one-point" Risk management.The writer suggests that on the basis of commercial bank capital hosted and credit classification data,P2 P platform adopt risk-sharing business model which contains insurance companies,P2 P platform,lenders in the future.On the regulatory side,based on the "Information Network lending agency operational activities Interim Measures(draft)" promulgated in the end of 2015,and combined regulation theory and statistical data,the writer advises that we should take appropriate conduct regulatory and dynamic joint and classification supervision,then establish certain barriers to entry in order to protect the interests of investors as the core in the future.The writer hopes to give some new ideas for "Information Network lending agency operational activities Interim Measures(draft)".