Research On The Legal Supervision Of P2P Network Lending In China

P2P online lending is based on the Internet to form a new type of private lending model,which is of great significance to the active private lending market and promoting financial development.P2 P network lending has developed rapidly in China,and the industry has become increasingly large.But behind its growing prosperity,hidden risks and problems are gradually exposed.Due to the current imperfect credit system,inadequate regulatory system,and inadequate relevant legislation,the P2 P online loan market has frequently seen vicious incidents such as platform money running,suspected illegal fundraising,and money laundering that have damaged the legitimate rights and interests of financial consumers.The stable operation of social and financial order is seriously affected.The risks and problems of P2 P online lending have also attracted the attention of government regulatory authorities.In order to ensure the healthy operation of the P2 P online lending industry,relevant regulatory authorities have successively promulgated a series of regulatory rules and regulations and adopted various regulatory measures.Remarkable results have been achieved,to a certain extent,to ensure the healthy operation of the P2 P network loan industry.However,through the study of the existing regulatory system and measures in China,and the comparison with the mature legal regulatory system in foreign countries,it is found that there are still some imperfections in the current P2 P online lending regulatory system in China,such as the lag in regulatory legislation.Lack of clear P2 P loan market access and exit mechanism,lagging behind in the construction of credit collection system,lack of perfect rights relief mechanism,industry association self-regulatory supervision mechanism is not perfect.It is difficult for the current regulatory system to adapt to the development of China's P2 P online lending industry and to solve the risks and problems existing in the online lending industry.Therefore,in order to maintain the sustained and healthy development of the P2 P network lending industry in China,this paper bases on the reality of P2 P network lending in China and conducts an in-depth analysis of the existing problems of P2 P network lending.In the light of China's current legal and regulatory system and the deficiencies in its regulatory system,and drawing on the advanced regulatory experience of the United States,Britain and the United States and other countries,this paper proposes to clarify the market access and exit mechanism of China's P2 P online lending,and improve the construction of the socialcredit system.We will improve the self-regulatory supervision of the online lending industry association and improve the mechanism for the relief of consumer rights of P2 P online lending,ensure the healthy development of China's P2 P online lending industry and maintain the stability of financial market.