Financial Risk Research Of Yirendai P2P Lending Platform

With the rapid development of Internet finance,the P2 P network lending industry has gradually opened up a new world.Since 2013,China's P2 P network lending industry has entered a spurt-type growth stage,and the number of participants in the volume and lending business has increased.In 2016,the China Internet Finance Association was established,and various regulatory policies,laws and regulations were introduced one after another,which marked the beginning of the development of China's P2 P network lending industry.However,in the context of the rapid development of China's P2 P network lending industry and strict regulation,the negative news of P2 P network lending platform is still exposed from time to time,such as running,intervening intervention.Solving the various problems faced by the P2 P network lending platform in the development process cannot be accomplished overnight,and it requires the joint efforts of the state,the community,and the platform itself.There are many factors that cause problems in the P2 P online lending platform.From a macro perspective,there are technical risks caused by the immature network technology and the compliance risks brought about by the continuous introduction of laws and regulations.From the microscopic point of view,the financial risks faced by the platform are also an important factor that affect its ongoing operations.By analyzing the indicators of the financial risk level of the platform,it is possible to measure the size of each financial risk and its impact on the platform,so as to take targeted measures to control the risk and ensure the normal operation of the platform.On the basis of reading a large number of related literatures,this paper finds the theory that fits the research content of this paper as the theoretical basis,and compares with other enterprises in the industry,deeply analyzes the financial risks faced by Yirendai,and combine theory with practice.Yirendai is the leading enterprise in China's P2 P online lending industry.The conclusions drawn from analyzing its financial risks are more representative.At the same time,it also opens a window to understand the general financial risks inherent in the industry,and finally proposes the financial risk optimization control strategy,which also has certain reference significance for other companies in the industry.The current financial risk control methods of Yirendai mainly include the fund bank depository system and the cooperation mode of thirdparty institutions.Through the analysis of multiple indicators,it is found that there are still different levels of capital risk,guarantee failure risk and profit model risk.It shows that the work done by the platform on the control of financial risks is still not in place.This paper further analyzes the causes of these financial risks and proposes corresponding control recommendations.For example,improving the financial risk management system of the platform from the three aspects of risk identification,risk assessment and risk control,enhancing the transparency of the platform and improving the management level of the company,these control measures can also provide reference for other enterprises in the industry to deal with financial risks.Yirendai should attach great importance to the negative impact of financial risks,timely adjust and solve various problems,promote the healthy and stable development of the platform,which also help the P2 P online lending industry to be viable and vital.