Legal Research On The P2P Online Lending

With the development of the modern technology,peer to peer network lending has been gradually known,which is called peer to peer lending in short.It refers to a financial model through which one party could complete credit directly with the other party.According to its concept,it refers to at least two parties.One is credit,which could be a person or organization.The other is debit,which could also be a person or organization.Peer to peer lending rises from mutual aid organization,which is subject to poverty alleviation.Because of the development of the Internet,peer to peer lending becomes a new private lending.Generally speaking,peer to peer lending rises from Zopa Wete which is built in London in2015.In August 2007,China sets up the first Internet lending without guarantee which is so called Pat Lending.Since 2013 peer to peer lending has been booming.According to the Mothly Bulletin of Chinese peer to peer lending index in May.2015,the combined annual rate of national peer to peer lending is 13.26%,with the turn volume of RMB 669.36 billion.With the growth of 13.26%,it reaches the highest level in the history.By the end of May.2015,there are 3349 wet lending platforms. but owing to the shortage of supervision,the risk appears from the rising turnover since2012.The events of disappearance of bosses often happens in Ordos and Wenzhang.In 2014,the number of wet lending platform is 275.1n Dec.2014,92 of which have problems.The number is much higher than the one of 2013.By the end of May.2015,the number of problem wet platform has reached 294 from which we could see the risk of this industry easily.The great problem of peer to peer lending reflects many existing problems including the governmental evaluation and supervision of peer to peer lending which could cause the P2P system healthy development.At first,this article would give brief overview to the P2P lending including its possible model,then researching its legal relationship based on its main models and its existing problems.It mainly includes the imperfect legal system the shortage of supervision and imperfect credit system.It also includes the problem and risk among the platform credit and debet.In the end,in view of this problem,this article would offer specific solutions,including perfecting legal system building supervision of P2P lending,setting system and risk reserve system.It also includes perfecting P2P lending platform access and exsi mechanism,strengthening information disclosure,perfecting personal credit system,perfecting the construction of the network technology.