Research On Regulation Of Peer-to-Peer Network Lending In Quanzhou

P2P network lending is a typical representative of the Internet financial model.Its emergence not only meets the needs of individuals and SMEs for funds,but also meets the needs of wealthy people to obtain investment income,which has greatly expanded the coverage of financial services.But the rapid development of P2 P network lending has also brought more and more problems.Risk events are frequent and chaotic,which brings severe challenges to government supervision.This article introduces Quanzhou’s P2 P network lending development and supervision status in detail by collecting Quanzhou P2 P network lending market data and government regulatory literature,as well as interviews and questionnaires.It focuses on the state’s deployment of P2 P network lending special rectification work.Since then,Quanzhou has adopted a variety of regulatory measures and implementation measures including the establishment of regulatory agencies,the formulation of regulatory policies,industry access,special rectification,advertising supervision,and benign withdrawal,have been implemented.An analysis of the existing problems in regulation is considered.There are many problems such as inadequate policies and measures,low market access thresholds,inadequate daily supervision,incomplete exit mechanism,unestablished auxiliary mechanisms,and insufficient attention to education and guidance.Industry supervision still needs to be explored.Combining theories of government regulation and financial supervision,this article also analyzes the reasons for the problems.Finally,on the basis of summing up and drawing on the advanced experience of local governments in Xiamen and Shenzhen,we make suggestions on how Quanzhou can optimize the supervision so that P2 P network lending can develop healthily and sustainably.