Research On The Value Evaluation Of Listed P2P Companies

On November 27,2020,Liu Fushou,chief lawyer of China Banking and Insurance Regulatory Commission,said in the "annual meeting 2021 of Finance and Economics: prediction and strategy" that the number of P2 P online lending institutions in actual operation in China has gradually dropped from about 5000 in the peak period to zero in mid November.So far,China's P2 P network lending has completely withdrawn from the historical stage,the special rectification of mutual fund has basically ended,and substantial progress has been made in the battle to prevent and resolve major risks.On the one hand,as a representative of the financial technology field,is the share price of listed P2 P companies overvalued? Can it accurately reflect its value? Is it necessary for individual investors to invest in this field? Is the relatively low-risk listed P2 P platform worth investing? How to identify P2 P platforms with real investment value and choose investment projects with low risk and high return? On the other hand,in the context of global P2 P industry development blocked,facing the transformation and exit,the listed P2 P platform is bound to usher in a wave of mergers and acquisitions,which will produce the corresponding evaluation demand for the value of the involved P2 P enterprises.However,the current asset evaluation industry still lacks the grasp of the value of P2 P enterprises,and the existing evaluation theory is difficult to effectively support the evaluation practice.Therefore,this paper focuses on P2 P online lending enterprises,analyzes their role in the development of Inclusive Finance and financial innovation environment,in order to explore their future development prospects in the current value performance.This paper focuses on the evaluation of the intrinsic value of P2 P companies in Shanghai.First of all,through reading the relevant literature at home and abroad,the current research situation is preliminarily understood and summarized.Then the related concepts and theoretical basis are elaborated.Then,through the analysis of the development situation and characteristics of listed P2 P industry,the particularity of the value of listed P2 P companies is explored.On this basis,the evaluation method is determined and the evaluation model is established.Then select the representative and research value of the listed P2 P company lending Club as the evaluation object,and apply the established value evaluation model.Finally,the following conclusions are drawn: In the aspect of enterprise value,the value particularity of listed P2 P companies is reflected in that the value is greatly affected by the degree of marketization,the particularity of market positioning and profit model,and the uncertainty of value influencing factors.In terms of evaluation methods,real option method is suitable for P2 P company value evaluation.At the level of practical significance,the evaluation results have certain practical guiding significance for stabilizing investor sentiment and standardizing industrial behavior.According to the conclusions,policy suggestions are put forward: seeking the balance between financial supervision and innovation;Actively explore business model,accelerate the transformation process;We will maintain investment enthusiasm and revive market confidence.