A Case Study Of The Default Of Tang Xiaoseng P2P Online Lending Platform

Internet finance has spawned many new things in its development process.The most typical representative should be the P2P online loan platform.PZP network lending is the use of the Internet for personal lending activities between individuals and individuals.The P2P platform uses its own technological advantages and information advantages to bring convenience to investors and borrowers.However,the P2P online lending platform has also exposed many problems while bringing convenience to people.Since the P2P online lending platform has only been in development for more than ten years in China,its development model and system are still immature.At present,there is a lack of sound laws and regulations in China to regulate it,which has caused many problems.Among these issues,the concern of everyone is the default of the P2P platform.This article takes Tang Xiaoseng’s financial default case as an example.Tang Xiaoseng’s financial management was one of the four high-return platforms.At the same time,he also promoted his own "eentral enterprise" background and has a high reputation.Therefore,Tang Xiaoseng’s breach of contract case is a typical failure case in the P2P online lending platform,which has aroused the attention and discussion of all sectors of society,and has a strong vigilance effect on the existing P2P platform in China.The paper mainly includes the following parts:The first part introduces the research background and significance of this paper.It introduces the definition,origin and development status of P2P,and introduces the development of P2P industry in China.Secondly,the research ideas and methods of this paper draw a research idea map to facilitate a clearer understanding of the overall structure of the article.Finally,the innovations and shortcomings of this article;The second part introduces the case of Tang Xiaoseng’s P2P online lending platform default,including the introduction of Tang Xiaoseng’s basic information and business,the main person in charge of the platform,the operation mode of the platform and the background of the default event,and then elaborated on the process of Tang Xiaoseng’s platform default incident;The third part analyzes the case of Tang Xiaoseng’s P2P online loan platform default,and analyzes it from two aspects:internal influence factors and external influence factors.Internal factors include non-standard operating modes,broken cash flow under Ponzi schemes,and prominent information asymmetry.The external factors are mainly the investor’s risk tolerance and product mismatch,the credit system is imperfect,and the industry self-discipline is lacking.Then sulmarize the impact of Tang Xiaoseng’s platform default;The fourth part summarizes the enlightenment brought by Tang Xiaoseng’s breach of contract case,and puts forward corresponding suggestions for the platform problem,and proposes from two aspects based on P2P platform and other related parties,such as enhancing platform information disclosure,improving fund custody mechanism,strengthening construction credit information system,matching investor risk appetite and product risk.