Research On The Legal Issues Of Chinese P2P Lending

With the rapid development of P2P lending in recent years, financial innovationhas always being a double-edged sword. A double–edged sword, it means it haspromoted social development and in the meantime, it has triggered a series ofproblems, such as illegal fund-raising, using a new account to pay old debt in networklending platform which is also called old pan’s Ponze scheme and lack of supervisionand management for both lending funds. Therefore, it is proposed in the paper thatGovernment should determine the positioning of P2P lending as soon as possible. Indetermining position, it can clearly define regulatory body and release pertinent laws®ulations.In this paper, the author firstly give basic description to P2P lending from the fouraspects of “meaning of P2P lending”,“Development Roadmap of P2P lending”,“Characteristics of P2P lending” and “legal nature of P2P lending”, then focusingon P2P lending and combining with other main body of network lending to analyzeexisting issues in China P2P lending industry, finally, aiming on the main issues in thenet credit industry, put forward constructive suggestions.