Research On The Legal Supervision System Of Chinese P2P Lending Platforms

As a burgeoning financial product,P2P network lending platform has been rapidly taken the world by storm after the first P2P lending platform established in China, more and more domestic P2P platforms are emerging which provide convenience for individual and the small business, opened a new channel of financing. However,P2P,the lending system has been in a gray area as a new financing product which have many problems such as absconded with the money and so on, all because of incomplete legal rules to regulate it definitely. Legal gaps, lack of supervision; high levels of opacity on lending; financial operations unknown to public are to cause its basic reasons. Therefore, in order to change this situation,and maintains the financial system steady operation, the writer thinks that it is necessary to enlarge the research on P2P lending platform regulation.Based on the summarizes of the P2P network lending platform legal supervision system, combine with the situation,the writer point out the problem and risk we are now facing. At the same time,through the analysis and comparison of several kinds of regulations abroad, he brings forward the construction of the P2P lending platform legal supervision system as following aspects.First of all, transfer the supervisory concept. Regarding the high efficiency and effectiveness as regulation concepts; Regarding the protection of consumers’rights and interests and maintain financial order as regulatory objectives. Second is to detail the standards of the P2P network lending platform. As a prior controls, there must be a special service platform to registration and qualification auditing for the lending platform and shut the unqualified products out of the market. Third,improve the information disclosure system of P2P network lending platform companies. The platforms should be report the situations of company’s operating and financial,bad loans, the change of registered capital regularly to the regulators, which can make the platform openness and transparent.Providing the convenience to the regulators to make the measures to safeguard the rights and interests, and stable the industry. While, making the rational market withdrawing mechanism to avoid something happened and can not continue to operate. The mechanism can make the problem platforms withdrawing the market orderly. Avoid causing panic and run on platforms. Then establish a credit reporting database, link enterprise with The central bank Improve the credit system construction of our country gradually.At last, promoting the self-discipline organization construction in China. Under the unified leadership of the government, establishing the standard of industry. Assisting the regulators and co-maintaining a good market order.