Research On P2P Risk Management Under New Regulation Policy

The combination of Internet technology and non-government finance has promoted the emergence of a new type of financial industry,network lending(“net lending”),and has played a significant role in addressing the issue of the main financing of small and medium-sized enterprises in China.In 2007,it was the “first year of development” of domestic online loan industry.Since the establishment of Shanghai Pat Loan,with the increasing demand for loan funds,online loan institutions have mushroomed throughout the country.In 2014,Premier Li Keqiang stated in his government work report that it is necessary to steadily promote the establishment of small and medium-sized banks and other financial institutions initiated by private capital to promote the healthy development of Internet finance.Since then,Internet finance has entered a rapid expansion stage,but at the same time it has created many problems,such as platform fraud,illegal fund-raising and other financial frauds,which have seriously hampered the healthy development of China's Internet finance and weakened the lender's investment enthusiasm.In order to regulate the healthy development of Internet finance and clarify regulatory responsibilities,ten departments such as the People's Bank of China,the Ministry of Industry and Information Technology jointly issued the “Guidance Opinions on Promoting the Healthy Development of Internet Finance”(Yinfa [2015] No.221,hereinafter referred to as “Guidance” ”)became the beginning of legal supervision of the online loan industry.The development of the P2 P industry has been gradually standardized.In 2016,it was called the “standardized development first year” of the online loan industry.On December 13,2017,the Office of Leading Group for P2 P Online Loan Risk Special Remedy delivered the “Notice on Doing a Good Job in the Correction and Acceptance of Special P2 P Network Loan Risk Management”(Registration of Network Loan [2017] No.57,hereinafter referred to as “ The "Notice")has specified specific rectification and filing schedules,and has made online loan institutions enter a state of intense rectificationVarious online loan platforms have completed the period of rectification for safety,completed timely filing,strengthened risk management,and actively adjusted related issues.In order to analyze in detail the problems that arise in the process of risk management and the rectification measures taken by the online loan platform,this paper selects the Renren Credit Platform as the representative,and adopts the case analysis method,literature research method,and quantitative analysis method to perform risk management on the Renren Loan platform.Analysis.The article is divided into six parts:The first part,introduction.Including the research background and the significance of the research,then introduced the domestic and foreign experts and scholars to the theoretical study of the network lending institutions,a brief description of the research content and research methods of the article,and finally put forward the innovation and deficiencies of the article.The second part is an overview of risk management.It mainly introduces the characteristics of P2 P platform and carries out risk analysis.It proposes risk management objectives and risk management methods,and lays a theoretical foundation for the following.The third part introduces the background of the case.It mainly introduces the profile,business model,operation model and risk control model of the Renren Loan platform,which lays the foundation for the analysis of the issues in the following text and interprets the latest regulatory policies.The fourth part analyzes the existing problems and causes of risk management for Renren.Based on the content of the first three parts,the author analyzes the problems and causes of the loan in the risk management process.The fifth part,case inspiration and suggestions.Aiming at the problems existing in the loan for people,we have given corresponding measures,including the internal measures of the platform and external support measures.The sixth part,conclusions and industry outlook.Explain the conclusions of this paper and look forward to the future development of the industry.