TITLE:
Discussion of the Risks and Risk Control of P2P in China
AUTHORS:
Xue Lei
KEYWORDS:
P2P, Risk Control
JOURNAL NAME:
Modern Economy,
Vol.7 No.4,
April
20,
2016
ABSTRACT: As a kind of finance
innovation for direct lending between individuals, P2P develops rapidly in
recent ten years. However, while it is promoting China’s economic development,
various problems related to P2P network credit and loan are appearing
gradually. If P2P wants to develop continuously, the core is to strengthen the
risk management. Based on the analysis of the concept, model and positive
significance of P2P network credit and loan, this paper mainly expounds the
credit risks, information risks, operational risk, regulatory and legal risks
and liquidity risk that P2P network credit and
loan faces, and comes up with the solutions to these problems, for example,
setting up the credit system, perfecting internal control as well as
strengthening supervision and industrial self-regulation, combining big data
technology. These present some new ideas of performing risks management for
P2P.