| In 2005,the P2P network loan platform was born.With its low barriers and high efficiency,the "Internet Loan Platform" has brought great convenience in the financing of individuals and SMEs,which has caused a wave of investment in online loans worldwide.From the perspective of investors,the P2P platform provides a large investment channel for a large number of investors,and has a higher return on investment than the traditional investment method.From the perspective of the borrower,the P2P platform allows the borrower to have no mortgage.Under the conditions of guarantee,a small loan will be made to solve the problem of financing difficulties for SMEs or individuals.Therefore,after combining the advantages of various aspects,since the establishment of the first P2P company in China in 2007,the numerous P2P platforms have begun to take advantage of the rapid development of the Internet,and have appeared in various parts of the country.By the end of 2018,nearly 7,000 online loan platforms had been established.Both the size of the transaction and the number of users indicate the popularity of the P2P market.However,high returns are also accompanied by high risks.In recent years,the phenomenon of P2P platform closure and running has also been common.The rapid development of Internet finance in recent years has provided the original driving force for the Chinese economy,and it has also brought convenience to small and medium-sized investors to a large extent,but it has also increased the risk of borrowing and the difficulty of government supervision.In the "two sessions" of this year,Premier Li Keqiang further emphasized the need to strengthen the coordination of financial supervision,improve the supervision of shadow banking,Internet finance,financial holding companies,etc.,and further improve the financial supervision and other strategic guidelines.This is also an important step for the government to prevent financial risks and regulate market regulation.Also in this year,a new financial term "bombing" frequently appeared on major media and news platforms.In 2018,the P2P platform was also called "Thunder" by the media.In the 2018 year alone,there were 1,279 P2P platforms that closed down or ran.From the crazy growth of the P2P platform to the current "falling away",the problems of the P2P platform are endless.This paper collects relevant data and data,and analyzes the development and risk exposure of P2P nationwide.According to some P2P data docking websites(Zero data,online loans,etc.),the index data published by the platform is selected,and the logistic regression model is used to demonstrate and analyze whether the internal indicators of the platform will affect the default risk of the platform.This paper selects 246 "net loan" platforms and selects 9 data indicators.After substituting the regression model,it is concluded that the number of investors and borrowers may have an impact on whether the platform has default risk.The results show that if the number of investors or borrowers on the platform is relatively small,then the possibility of default on the platform is higher.At the end of this paper,combined with the results of the regression model and the existing literature,some suggestions and measures for government supervision are proposed. |
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