Financial Legal Issues Research On P2P Network Platform Lending In China

With the rapid development of information technology, a platform named P2 P network lending(person-to-person or peer-to-peer lending) which combines private lending with Internet technology developed quickly. Because of the very significant advantages in meeting the borrowing demand of microfinance borrowers and the investment demand of small investors it has, P2 P network lending platform becomes quickly spread all around the world as soon as it appeared. The emergence of the P2 P lending makes up for the deficiency of the traditional credit market, what is more important is that it provides a more efficient and convenient investment channel for Both sides of the credit.After the world’s first P2 P network lending platform called Zopa is established in 2005, the idea of P2 P network lending has appeared in many countries and got rapid development. The lending platform had been brought in our country in 2007,driving by the development of Internet financial in recent two years, the development and the innovation of the P2 P lending platform are very quickly. However, under the rapid development background, a series of problems also comes along simultaneously. “The problems such as its identity ambiguity、 the vacancy of legal and supervision and the internal manage problems, which leave a huge risk potentially. As a kind of financial innovation, it seems very urgent that the related supervisions and laws shall follow up in time”. Therefore, the problems such as what kind of supervision measures should be adopted、who to supervise and how to supervise effectively are becoming research hotspots. In the face of the preliminary development stage of the emerging market, both the controlling of the risk and the problems it has and the protection of the innovation vitality of P2 P lending market should be taken into account when supervision measures were exerted on it. However, the formulation of such supervision measures is a very difficult problem in practice.The paper is divided into five parts: the first part is mainly about the definition and advantage analysis of P2 P lending platform; the second part mainly elaborates the emergence basis and the development prospects of the platform;basing on the analysis of the status quo the network lending platform, the third part then summarizes the development deficiencies of P2 P lending platform in our country at present; mainly basing on Outlining the related contents of the network lending platform in both Britain and America whose P2 P lending platform developed more mature, the fourth part then summarizes the beneficial references that our country can learn from them; on the basis of the reference to the European and American experience and the combination with the current conditions in our country, the fifth part which is also the final part of the paper puts forward countermeasures for further improvement of our country’s finance law of P2 P network lending platform.