网络借贷风险缓释机制研究

Research on Risk Mitigation Mechanisms of Online Lending

互联网金融的发展,对于推动我国金融体系升级换代,促进数字普惠金融和经济可持续发展都具有重要意义,但近期风险频发影响金融稳定。本文首先全面梳理了互联网个体网络借贷的发展特征、理解角度、演变历程、存在风险等,提出缓释网络借贷风险刻不容缓。有鉴于此,文中对可用于分散网络借贷风险的六类方式进行了可行性分析:现有风险分担模式下平台迅速转型为信息中介具有较大困难,单独使用其中某一种符合信息中介定位的风险分散方式都不足以保障我国网络借贷市场风险的释放,需要多管齐下并探索新的风险分担模式。要结合中国实际,构建中国特色的网络借贷信息中介。短期内重点消化相关存量,长期注重防范风险,构建切实可行的网络借贷缓释机制。

The development of Internet finance plays a significant role in promoting the China’s financial system reform,the development of digital inclusive finance and the economy sustainability,though recently frequent debt risks have destabilized the financial system.This paper firstly sorts out the development characteristics,the perspectives of understanding,the evolution process and the risks of personal online lending,suggesting to mitigate the risks without delay.In this regard,the paper analyzes the feasibility of six different ways of risk mitigation in online lending,reaching the main conclusions as follows:Under the current risk mitigation mechanism,it is relatively difficult for lending platforms to transform to information intermediaries rapidly,which indicates it is not enough to guarantee the diversification of the risks in China’s online lending market by simply one risk mitigation method with the functions of information intermediary.In other words,a multi-pronged risk mitigation approach should be adopted and a new risk sharing mechanism should be explored.Therefore,it is necessary to build up an online lending information intermediary with Chinese characteristics in light of China’s reality.In order to construct a practical risk mitigation mechanism of online lending,we should focus on cleaning up the problem lending platforms in the short term and preventing risks in the long term.