P2P网贷风险控制的实证研究.docVIP

PAGE PAGE 19 P2P网贷风险控制的实证研究——基于60家P2P平台的财务分析 摘要：由于P2P行业自诞生以来，一直处于野蛮生长的状态，以致行业鱼龙混杂，跑路倒闭事件频发。直至去年年底，政府出台《网络借贷信息中介机构业务活动管理暂行办法(征求意见稿)》（以下称“意见稿”），弥补了P2P的监管的空白。因此，本文以《意见稿》为主要依据，选取了一系列指标，通过对市场上60家P2P平台的调查统计，以对整个P2P行业的合规状况进行一个实证分析，一来为了检验历来监管措施的有效性，二来对当前P2P行业的合规状况做一个评判。通过分析，本文得到当前P2P网贷平台针对监管新政的合规状况并不理想，资金存管、风险控制以及信息披露方面均存在较大的风险，网站建设和运营模式没有统一的规范；其次，监管新政中尚存在许多不明确的地方，有待完善和考究。最后本文就以上结论提出了对P2P监管的几点建议，以促进行业的健康发展。 关键词：P2P网贷风险财务分析 An empirical study on the effectiveness of P2P regulation—Statistical analysis based on 60 P2P platforms Abstract: Since P2P lending was born, it has been in a state of barbaric growth resulting in industry was mixed, frequent collapse. Until the end of last year, the government issued the Interim Measures for the management of Internet lending information intermediary business activities (Draft) (hereinafter referred to as the draft), to make up for the P2P regulatory gaps.T herefore, based on thedraft, this paper select the a series of indicators, make an empirical analysis of the compliance for the whole P2P industry, by the survey of 60 P2P platforms. Doing this can test the effectiveness of financial supervision and also to make a judgment on the current state of compliance in P2P industry. Through analysis, we get the compliance situation of the current P2P lending platform is not ideal. There are great risks in the fund storage, risk control and information disclosure,and no uniform standard for website construction and operation . Secondly, there are still many areas of uncertainty in the regulation of the new deal, to be perfect and elegant. This paper gives some suggestions on the regulation of P2P in order to promote the healthy development of the industry. Keywords: P2p lending 一、引言 P2P网贷起源于英国，2005年世界上第一家P2P网络借贷平台——ZOPA在英国诞生。紧接着在美国成立的PROSPER也取得了巨大的成功，成为世界上最大的P2P借贷平台。随着互联网技术的普及，P2P平台逐渐在世界范围内被广泛应用。P2P在欧美国家的成功实践为其在我国的发展奠定了基础。 我国于2007年在上海成立了国内首家网贷平台，此后便拉开了P2P野蛮生长的序幕。不可否认，P2P的快速发展激发了我国金融市场的活力，开辟了一个新型小额贷款市场，提高了社会资本的利用率和流通率。但由于P2P行业发展年限短，各种机制体制并不