| Summary: | 碩士 === 國立中山大學 === 財務管理學系研究所 === 103 === With the rapid growth of China’s economy in recent years, China’s small and medium enterprises in order to quickly layout and development, there is a strong demand for funds; however, whether through banks or the stock market, bond market, are facing financing difficulties. Therefore, small and medium enterprises in China are a huge unmet demand for funds.
Rise of the Internet Finance has given the opportunity to finance such a huge demand for funds to meet. Currently, the industry still belongs to the early stage of development, including the P2P Internet Lending and E-commerce Finance. About P2P Lending part, the paper presents highlights platform on PPDAI, Yirendai, Renrendai and Lufax P2P Lending; and the part of E-commerce Finance, including Ants microfinance and Jingdong supply chain financing in two ways. Due to the nature of Internet Finance is finance, through the perspective of this study is to analyze credit risk of these Internet lending companies; I would like to know how it works.
In addition, in order to reduce credit risk, Internet Lending through the core of the Internet, that is using the big data to verify the borrowers. However, the reality is that P2P Internet Lending companies face credit problems and industry regulatory issues, developing the inferiority of nature; on the other hand, E-commerce Finance suppliers due to accumulated massive users of financial transaction data, so it can use it to develop its lending business. Therefore, P2P Internet Lending companies and E-commerce Finance suppliers in the Big data competition, whch is better, and which is inferior. It’s easy to judge.
Futhermore, E-commerce platform can be divided into: platform model and trading model, and these two develop into Ants microfinance models and Jingdong supply chain financing model separately. Due to the E-commerce Finance suppliers mainly lending to finance electricity supplier platform, my paper analyzes the operation of Ali E-commerce and Jingdong’s suppliers to determine the credit risk of these two models.
Besides, since the micro-credit companies have limits on the amount, based on the perspective of this paper also analyzes the credit risk of Ants microfinance asset securitization to increase lending approach.
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