On P2P Network Lending Platform’s Risk Prevention Mechanism and Early-warning System

③信用中介化具体类型的定义详见《P2P

网络借贷平台相关法律法规及案例》。④拍拍贷互联网金融数据训练营网址：https：//www.kesci.

com/apps/home/dataset/58c614aab84b2c48165a262d/files。⑤拍拍贷网址：https：//help.ppdai.com/Home/List/7。

⑥C4.5 CART http：//blog.sina.com.

算法步骤和 算法简述详见cn/s/blog_7399ad1f01014oic.html。⑦详见人民网，http：//money.people.com.cn/n1/2018/1111/c4

2877-30393475.html。⑧详见人民网，http：//politics.people.com.cn/n1/2017/0714/c1

001-29404027.html。

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责任编辑：林英泽

Research Group

（Zhejiang Gongshang University，Hangzhou，Zhejiang310018，China）

Abstract：The authors mainly discuss the risk prevention and control mechanism and early-warning system of P2P network lending platform from the perspective of credit intermediation and liquidity risk. Firstly，the authors theoretically analyze the optimization of the structural model of the network lending behavior when considering the factors of credit intermediation and liquidity risk deteriorating circle mechanism. Secondly，they empirically analyze the effect of the borrowing strategy caused by the borrowing information variables with the OLS model，Logit model and Probit model，and simulate the risk alerting process through the variables selected by the big data decision tree algorithm. The empirical results show a significant relationship between the systemic effect of the financing risk market and the credit intermediary of the P2P network lending platform. The third-party big data risk monitoring and early warning is conducive to regulating the transmission of the main financial risk from the P2P network lending platform of credit intermediary services. Finally，the authors put out some suggestions to enhance the third party’s capability for risk control and early warning，we should implement the platform's policy of positioning the information intermediary business，severely punish the online lending platform of credit intermediary services，promote the share of industrial data，perfect the construction of credit reference system，lay the solid foundation for the orderly development of credit market，strengthen the education of financial risk，perfect the mechanism of market access and dynamic supervision and early-warning of platforms，and establish the sound and orderly online credit market.

Key words：P2P network lending；credit intermediation；liquidity risk；information intermediation

On P2P Network Lending Platform’s Risk Prevention Mechanism

and Early-warning System

——Based on the Perspective of Credit Intermediation and Liquidity Risk