On The Legal Supervision Of P2P Online Lending Platforms

As a combination of Internet and finance,P2 P network lending platform breaks through the regional restrictions and matches people in different regions with P2 P network lending platform.However,in the early stage of the industry,China was tolerant of the regulation of such financial innovation products,which led to chaos and serious alienation in P2 P network lending industry.Most of the platforms are not strict information intermediaries,and there are many phenomena in the industry,such as credit enhancement by guarantee and private capital pool.Therefore,there have been many cases of illegal fund-raising,fraud,and other legal risks.In 2019,the regulatory authorities began to rectify the P2 P network lending industry,focusing on the clearing and transformation of the problem platform.This can purify the industry atmosphere and promote the survival of the fittest platform.Based on the current development of P2 P network lending industry,this paper analyzes the risks of illegal fund-raising,money laundering,format clauses,borrower's credit risk and illegal collection.By combing the regulatory system in China and combining some good regulatory experience abroad,this paper puts forward a series of P2 P related issues,including improving the legal system in China Regulatory suggestions for the development of online lending industry.