Financial Risk Analysis of P2P Industry-Taking “Yirendai” as an Example

DOI

10.2991/icmete-19.2019.12How to use a DOI?

Keywords

p2p industry; Yerendai; Financial risks; Risk management

Abstract

Nowadays, the risks of China's online lending platform mainly come from imperfect credit system, weak supervision of the network lending platform, and imperfect legal system. This paper takes the representative company in P2P network lending industry—the Yirendai as analysis object to analyze the company’s financial statements and to find out the financial risks in development. It also analyzes the future development tendency of P2P industry based on the actual situation in China and proposes countermeasures to other booming online lending companies. It is of great significance for promoting the development of China's Internet finance, stimulating economic growth, and regulating market order. This paper mainly uses the literature method, normative analysis method and data analysis method to draw useful conclusions of the network lending platform. The innovation of the full text lies in: first, we combine the situation of China’s financial system to explore the practical significance of the P2P network platform; second, according to the financial statement analysis of the Yirendai company, the potential risks and countermeasures of the current lending industry are given; finally, it is concluded that the P2P online lending method is feasible, but at the same time, the company should also improve the responding level to financial risks and promote the steady development of the whole industry.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Songqin Ye
AU  - Jin Huang
PY  - 2019/05
DA  - 2019/05
TI  - Financial Risk Analysis of P2P Industry-Taking “Yirendai” as an Example
BT  - Proceedings of the 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)
PB  - Atlantis Press
SP  - 49
EP  - 51
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmete-19.2019.12
DO  - 10.2991/icmete-19.2019.12
ID  - Ye2019/05
ER  -