Analysis On The Legal Issues Of Person To Person Lending In China

In recent years, with the development and popularization of Internet technology, anew kind of natural person credit financing——online lending became popular. The maincharacteristic of it is small loans without mortgages. Person to person lending as a newfinancing way,the flourish of it injects new vitality into Chinese credit market, it isbeneficial to ease the difficulties for personal loan. However this seems to be convenientand efficient online lending model contains many financial risks at the same time. Thisarticle mainly aimed at the problems existing in the person to person online lending mode,such as caused by lack of relevant legal norms in accordance with the phenomenon inChina, unsecured loan default risk from the unsound personal credit system, unsound riskcontrol system of the platform, lack of corresponding supervision basis,and so on. Thearticle give the corresponding legislative proposals and solutions,including formulate lawsand regulations,perfect the credit system,perfect risk control mechanism,clear and definitethe supervision system,etc., in the hope that this model has been developed healthy andrapid.