Research On The Risk Early Warning Of P2P Network Lending Platforms

In 2007,the first P2 P network lending platform in China was established in Shanghai.Then the mode has quickly gained a foothold in the Internet financial market due to its low barriers to entry,high returns,flexible operation,and loose regulations.It has alleviated the difficulty of financing small and medium-sized enterprises and individuals.It has been an important part of inclusive finance.With the rapidly increasing in the number of platforms,the competition in the industry has become increasingly fierce.Arious risks have also been continuously exposed and accumulated.Negative incidents such as business violations,malicious runs,and fund-raising frauds have frequently occurred,which has hindered the healthy development of the industry to a certain extent.Investors have suffered huge economic losses.In response to industry chaos,the relevant regulatory authorities have successively issued regulations on supervision subjects,platform positioning,fund depository,filing management,information disclosure,etc.So far,China has built a”1+3”system framework of industry regulatory,which makes the industry supervision legally compliant and has rules to follow and has effectively suppressed the occurrence of malicious withdrawal of the platforms.However,with the tightening of supervision,the uncertainties in the development of the industry are also increasing.Many platforms face problems such as high operating costs and tight liquidity.The problem platform is still emerging.Investors have appeared to lose confidence of the platforms,even the entire industry,to a certain extent.Therefore,the risk management and control of the P2 P online lending platform has a long way to go.The article takes the risk of P2 P online lending platform as the research object.It uses literature research method,inductive analysis method and comparative analysis method,and combines theory and empirical to describe the mode of platform operation,the theory of problem platform type and risk identification in detail.On the basis,combined with the relevant research at home and abroad,the risk evaluation index system of some third-party rating agencies and the integrity and availability of the data of the online loan platform,the system of risk early warning indicator has been established.It takes Beijing,Shanghai,Guangzhou and Shenzhen as the research samples,which are the four first-tier cities.It uses the principal component analysis and information contribution rate method to determine the risk early warning index.The entropy weight method is used to determine the index weight and correct the platform comprehensive risk score.The validity of the risk evaluation results has been verified.It uses the improved KLR method to determine the risk warning situation of the platforms.It combines with the actual operation of the platform in July 2018,which has verified the ccuracy of the early warning results once again and indicated the reference value of the risk warning model.It puts forward suggestions for platform participants for the risk warning results and the current problems in the development of the industry,which is of important significance for promoting the healthy and stable development of the industry.