Research On Risk Control Of P2P Network Loan Platform In China

In June 2018,with the explosion of Tang Xiaoseng's P2P online lending platform,China's P2P industry has produced a domino effect,followed by the explosion of P2P online lending platform,once again leading the P2P industry to the forefront of the wind,facing hundreds of P2P online lending platforms running,shutdown and transformation,risk control research on China's P2P online lending platform It has also become one of the most popular financial research topics.This paper takes the P2P network lending platform of HY Company as a case study.Under the guidance of information asymmetry theory,financial disintermediation theory,financial repression theory and risk management theory,firstly,it expounds the development status of P2P network lending platform in China,the classification of P2P network lending platform and the characteristics of P2P network lending model;secondly,it expounds the characteristics of P2P network lending model in China.The operation mode,main risks,risk management and control status and deficiencies of P2P network lending platform are presented,and puts forward specific solutions.thirdly,it describes the general situation of HY Company's P2P network loan platform and introduces its risk control status,from which the deficiencies of information disclosure and "Good Intelligence Investment" in risk control are analyzed.There are four risk factors in the mode of "Good Intelligence Investment" debt conversion:hidden danger,defect of risk control system and lack of transition strategy to deal with industry risks.Four suggestions are put forward,including improving information disclosure mechanism,slow withdrawal of "wisdom investment" tools,strengthening the construction of risk control system and formulating transformation strategy of HY company.Finally,through the case analysis of HY company's P2P network loan platform,three suggestions for risk control of our country's P2P network lending platform are summarized,which are to increase the effectiveness of platform information disclosure,improve risk management level and quality of wind control,adjust business model and reduce policy risk.It is hoped that the research results of this paper can play a reference role in the risk control of our country's P2P online lending platform.