Research On The Impact Of Regulatory Policy On The Turnover Of P2P Platforms

Due to the dual advantages of Internet and financial lending,P2 P network platforms have largely solved the problem of capital chain of middle and low income groups and small and medium-sized enterprises,and has become an important part of Inclusive Finance in China.However,how to effectively supervise such new financial markets has become the first consideration for the platform participants and the regulatory authorities.At present,there are many researches in the field of P2 P lending and supervision,but the research on net loan regulation is not very systematic,or the research in this area focuses on theoretical explanation and lacks quantitative analysis.Based on the background of regulatory policy,combined with various factors that affect the lending platform,this paper puts forward a new comprehensive quantitative analysis to understand the actual change of platform in the regulatory cycle.This paper reviews the relevant research on the basis of the net loan market launched in recent years many regulatory events,from June 2015 to October 2017 and the daily transaction data platform,analyzes the market effect of the current regulation caused by distribution of net lending platform transaction data,in-depth analysis of the dynamic relationship and combination of the two.First of all,the regulatory policies in recent years were sorted out.Three policy events that had significant impact on the development of industry standardization were selected as the research objects.Based on the idea of event study,the volume changes of P2 P platform before and after the policy were compared and analyzed.At the same time,on the basis of the comparison of the platform according to the development model,the difference between the implementation of the supervision and the implementation of the platform on the development of the platform is judged.On this basis,it puts forward some suggestions on the effective expansion of the net loan market supervision policy.Of course,this event analysis methodis not strong enough for the time sequence of events.New empirical research methods should be introduced to solve variables omission and policy offset effects.Therefore,this paper on the basis of above mentioned,continue with the panel data and regression of these two kinds of empirical methods,effectively avoid the defect analysis,the current net loan platform turnover in volume changes in regulatory policy making analysis,a comprehensive study for the thorough understanding of regulatory policies and net lending platform trading relationship between the qualitative and quantitative combination method.