Research on the Legal Supervision of P2P Online Lending in China

The rapid development of Internet drives the finance which springs up and becomes an important part of Internet, such as P2P Online lending platform. The public benefit from Internet finance, while on the other side, a great deal of risks are hidden in it. It not only makes investors suffer from loss, but also damages the healthy environment of the market development. What’s worse, it destroys the financial order to confuse. However, the supervision department does not fill its duty fully during the progress. On one hand, it dose worse in the mode and the standard, even its branches abuse its power to interfere the platform during the supervision. On the other hand, it lacks of a systematic supervision manner when some platforms use different ways. So it could be the basic of the industry not only when the supervision department develops the rules, such as setting a standard that it must abide when it prepares, enters and runs, but also it builds a Market Credit System and improves the Social Personal Credit System.