Research On Financial Risk Control Of P2P Network Loan Platform

With the rapid development of Internet technology,Internet finance has also been rapidly developed in our daily life,among which P2P online lending platform is widely prevalent.At present,China's online lending platforms are experiencing a rapid development stage,with the cumulative transaction volume of platform amount and the number of borrowers constantly breaking new records.However,behind the rapid development,there are still many problems in risk prevention and control of lending platforms,such as platform runaway,borrower's credit risk,platform violation risk,financial risk and so on.Once the platform fails to establish a good risk prevention and control system,it will inevitably be knocked down by these risk factors.Therefore,this paper will analyze various financial management factors of P2P online lending platform from a micro perspective,evaluate its financial risks,and put forward improvement strategies according to relevant risk factors involved in the empirical research results,so as to ensure the healthy and stable development of P2P platform.This paper first introduced the background and current situation of P2P lending platforms and their financial risks in China,then defined the relevant concepts of P2P lending platforms,described platform economics,information asymmetry theory and herd effect theory,and explained in detail the rationality of P2P lending platforms and the mechanism of risk formation.Secondly,this paper summarizes the financial risks of P2P online lending platforms from the four aspects of capital risk,liquidity risk,asset quality risk and profit model risk,and makes a comparative analysis of the main profit models of P2P online lending platforms.Based on the research of P2P platform,this paper explores the possible financial risk prevention and control problems,and conducts empirical research through the statistical data obtained from the third-party platforms such as wangdaizhijia and wangdaitianyan.In this paper,we choose the P2P operating ability,guarantee methods and management level of the three aspects as the main explanatory variables,including platform operating time,the registered capital,type of comprehensive income,borrowing mark,its own funds,risk preparation,third-party guarantees,market recognition,platform management background,escrow and 11 variables,such as information disclosure to platform operating state is as explained variable,select set up time before December 31,2016 the effective sample,Logist regression analysis,in an attempt to quantify evaluation of F2P network platform of the financial risk of loan.The empirical results show that the operating capacity of the platform can reduce the financial risk of the platform.If the P2P platform has an acceptable guarantee or is subject to good external supervision,the possibility of financial risks on the platform will decrease.The way of fund custody and the degree of information disclosure of P2P platform are relevant to the operation of P2P platform.The last part is the Suggestions on financial risk prevention and control measures.In this chapter,the conclusion of the whole paper is summarized.At the same time,relevant opinions and Suggestions are put forward for the financial risk prevention and control of the entire Internet loan industry in China,in order to help realize the standardization and long-term development of the Internet loan industry.