Research In Default Risk Management Of P2P Online Lending Platforms

With the emergence of Yu'e Bao in June 2013,the domestic market officially opened the door to the P2P network lending platform.For ordinary investors,there is no need for professional investment and wealth management knowledge reserves.What is more,because the advantages of such a platform are simple proocedures for small and micro enterprises,the loan time is short,and the interest rate is moderate,which greatly satisfind the loan demand of small and micro enterprise.And the platform has low starting point and high return rate which fill the gaps in domestic wealth management products.Since then,the online lending platform has been out of control.Of course,behind the brutal growth is the emergence of a large number of P2P network lending platforms.Since China's Internet finance is still in the early stage of development supervision in this,area is almost in a blank.With the emergence of more and more P2P network lendimg platforms,the government has begun to pay attention to the supervision of Internet finance.In recent years,with the increasingly strict regulation of Internet finance,the financial industry has become more and more standardized,and the P2P network lending platform has gradually evolved toward standardization.However,although the regulatory layer is constantly overweight,there are still many platforms that have defaulted,so this article conducts in-depth research and analysis on this phenomenon.The main research content of this paper includes two aspects;Firstly,the aim is to enable ordinary investors to judge the default risk of the P2P network lending platform through easy-to-access reference-related risk factors and reduce investment risks.In this paper,when analyzing the platform default risk,the P2P network lending platform is divided into two types.First type,for the platform that regularly discloses financial statements,this paper uses qualitative analysis to analyze.The second one,for the platform that does not regularly disclose financial statements,this paper makes theoretical assumptions through quantitative analysis,builds models and draws conclusions.Secondly,by analyzing the causes of platform default risk,we can find a solution to allow the regulatory authorities to monitor the industry in a targeted manner,prevent industry risks,and maintain Internet financial stability.Finally,through the prospects of the industry,the future development direction of the P2 P network lending platform will be analyzed,so that investors and regulators will prepare for investment transformation and regulatory transformation in advance.