P2P网络借贷中出借人的投资策略

The Lender's Investment Strategy in P2P Lending

本文基于"人人贷"的数据,从出借人的视角来研究出借人获取高收益的投资策略。结果发现,按借款标的分类,出借人投资信用认证标收益最高,其次是实地认证标,最低的为担保认证标。这主要是因为信用认证标的信用风险较高,实地认证标增加了人人贷合作方对借款人实地情况的走访,风险有所降低,担保认证标由第三方机构对违约借款承担连带责任,风险进一步降低。按借款投资方式分类,出借人选择优选理财计划的收益率显著高于散标投资方式的收益率,原因在于优选理财投资方式节省了交易成本,提高了资金使用效率,进而提高了借款收益率。

Based on the data of Renrendai, this paper analyses lender's investment strategy to obtain high-earnings from lender's perspectives. It was found that, in the classification based on loan object, the earnings of lender's investment in credit certification object is the highest, followed by on-site certification object, and that of guarantee certification object is the lowest.The main reason is because the risks of credit certification object are high, but the on-site certification object includes Renrendai partner's on-site investigation which decreases risks, and the risks of guarantee certification object decreases risks further because the third party is liable for the joint responsibility for non-performing loans. In the classification based on the investment channels of loans, the earnings of preferred wealth management plan chosen by borrower are obviously higher than those of scattered object, because preferred the wealth management plan decreases transaction costs, improves the utilization of funds, thereby increases earnings of loans.