Application Of Credit Reporting To Credit Risk Management Of P2P Network

China’s P2P online lending platform first appeared in 2007.After the rapid development of the industry,it also accompanied the increasing risk.As of March 2019,the cumulative total number of P2P online lending platforms in China reached nearly 6,600,but currently only 1043 are operating normally.Therefore,the future development direction of P2P online lending platforms needs to be discussed.The purpose of this paper is to find out the main limiting factors in the development of China’s P2P online lending platform,and analyze and explain the main reasons for these restrictive factors.Finally,based on the identified reasons,it provides feasible for the widespread credit risk management of P2P platforms in China.Sexual treatment suggestions.The research method of this paper follows the practice to theory,and then returns to the logical framework of practice.Firstly,through the analysis and comparison method,we find out the reasons for the gap between China and foreign P2P industry credit risk management capabilities,and then seek theoretical solutions to solve the problem through theoretical analysis.Finally,the results are obtained through case analysis and empirical analysis.The case study object Lending club is the representative of the US advanced P2P company,the world’s first listed P2P platform.Lending club’s credit risk management system is based on a comprehensive risk management theory and is implemented using credit information.Therefore,this article first talks about the comprehensive risk management theory and its relationship with credit information,and theoretically analyzes the role of credit information in pre-loan,loan and post-loan credit risk management.Through the case analysis and empirical analysis of Lending club,this paper finds that the application of credit information in the credit risk management of the platform is very extensive,and the importance of credit information for the credit risk management of the platform is also quite significant.Finally,this paper introduces and analyzes the status quo and differences in the domestic and international credit information system,P2P industry legal supervision policy,social culture and technical environment,and concludes that the correct application of credit information is conducive to improving the credit risk management ability of China’s P2P industry.