Study On Regulation Of P2P Net Loan Industry

P2P network lending is a product combining the Internet technology and the folk lending in the information age, it bases on the Internet users which is a huge source of customers, breaks the geographical restrictions, broaden the scope of business of private lending, and offers more services to small and micro enterprises and individuals which is a special group suffering the restriction of lending funds from the traditional financial institutions. It gains huge profits from the long tail market and achieve the policy significance of inclusive finance at the same time. Since the first domestic lending platform ppdai appears online in 2007 till today, the domestic P2 P industry has been showing a rapid growth trend, but in recent years, it enters the "barbaric growth" state in the absence of regulation policy environment, while there is a influx of different kinds of funds on one side, on the other side incidents of running away happen frequently. There is a variety of business model at the development of business,it becomes more and more difficult to control the risk because of some factors such as the leverage or outsourcing and transferring the business to other institutions.So how to regulate P2 P industry appropriately and effectively remains a subject which is urgent,important and owns practical significance at the same time.In this paper, firstly it gives the concept description of P2 P net loan, then the development status of the P2 P industry at home and abroad has been carried on detailed analysis, also it gives analysis of some mainly developing mode in the P2 P industry domestically. After that, it summarized the risk points involved in net loan platform, depending on the externality of risk, it concludes that the industry is lack of supervision as a whole. Based on the analysis of current situation of net loan industry regulation, it analysis the typical case according to the types of the platfors which are suffering problems and summarizes the problems exposed of supervision in the case,it demonstrates the necessity of supervision further. Finally, it analyzes the general situation of the regulation in Britain and America, combining with Chinese present regulatory policy trends on P2 P and summarizing the existing problems in supervision, it tries to put forward some suggestions borrowing British and American regulatory experience, mainly involves the perfecting legal laws and regulations, clearing regulatory mode and mainly body, improving the credit system, strengthening the level of industry self-regulation and consumer education.