Probe Into The Solution Models Of P2P Network Lending Promoting To Inclusive Finance

P2P online lending is a lending mode in which individuals with funds and investment ideas directly lend funds to people with loaning demands through information intermediary platforms in the form of credit loans.It reduces the information asymmetry,breaks through the limitation of time and space,and increases the range of trading possibilities of financial units,which can meet the borrowing needs of vulnerable groups ignored by traditional financial institutions.As the P2 P online lending industry enters the stage of stock growth,problematic platforms erupted centrally,leading to large-scale platform failures and managers’ withdrawal of investors’ funds.Based on such industry development background,it is of great practical significance to explore how to make P2 P industry return to the network credit model that is truly oriented to vulnerable groups and has high availability and low cost,so as to promote the realization of inclusive finance goals.Firstly,this paper systematically reviews the research results of P2 P and inclusive finance at home and abroad from three aspects: the operation mode of P2 P,the realization mode of inclusive finance and the relationship between P2 P and inclusive finance.On this basis,it analyzes the development status of China’s P2 P industry and inclusive finance.Secondly,the paper discusses the mechanism of P2P’s promotion to inclusive finance: This paper theoretically analyses that the development of P2 P is conducive to the realization of inclusive finance.From thepractical level,it analyzes the prominent problems existing in P2 P industry,such as high cost,financial exclusion,and high risks in the industry,and it probes into the realistic financial model of P2P’s promotion to inclusive finance.Thirdly,detailed analysis is carried out on the 51 credit card case.Firstly,the paper analyses the financial model of51 credit card using scenario finance to improve the availability of credit services for vulnerable groups,the financial model of reducing the cost of P2 P financing by using financial technology to cover the whole process of credit.The purpose is to explore how to make P2 P network lending popularize credit services.Then,on the basis of information asymmetry theory and transaction cost theory,taking customer data of 51 ren pin credit product as samples.The paper uses the method of empirical regression analysis,establishing multiple regression model and logisitic model to explore whether the vulnerable groups have the problems of high borrowing cost and low borrowing availability in P2 P platform financing and their influencing factors,which verifies the effectiveness of the 51 credit card inclusive finance model.The study finds that the vulnerable groups have lower availability of loans and more expensive financing cost compared with non-vulnerable groups on the 51 credit card lending platform.However,51 credit card has increased the access of vulnerable groups to credit and financial services and reduced the actual financing costs to a certain extent through the use of financial technology,such as self-built financial scenarios and big data.Based on the consideration of risk control,it is also reasonable that the availability of loans is slightly lower for vulnerable groups and they will have a certain credit spread in financing costs compared with non-vulnerable groups.On another way,vulnerable groups can effectively reduce financing costs and improve the availability of loans by accumulating reputation on the platform to make up for the difference caused by insufficient effective information.The solution models of 51 credit cards in the practice of inclusive finance has certain practical feasibility.Finally,drawing lessons from the solution models,also the experience of inadequacies,targeted to different market participants to put forward countermeasures and suggestions,so that P2 P network credit trulypromotes inclusive finance.