Supervision of Peer-to-Peer Lending in China

DOI

10.2991/iceemr-18.2018.66How to use a DOI?

Keywords

Administrative Supervision, Self-regulation, Information Disclosure, Investor Protection

Abstract

The development of Internet lending information intermediaries requires the guidance of the legal system. It is necessary to pass laws to define the legal status of online lending information intermediaries. Based on the analysis of the domestic P2P lending operation model and development trend, the author summarizes the risks faced by P2P network lending, and puts forward suggestions from three perspectives: government, platform, and lenders, including effective regulation of the main body and improvement of laws and regulations. The P2P platform needs to fulfill its obligations as an information intermediary, such as information disclosure and investor protection. The government should strengthen supervision and coordination among the central financial regulatory agencies and local financial regulatory agencies so that the government can promote financial innovation while at the same time effectively preventing financial risks. Penetrating supervision measures shall be taken and the responsibilities shall be specified according to the business nature. Industry associations should establish sound industry guidelines and form effective self-regulatory mechanisms, including reputation mechanisms, diversified dispute resolution mechanisms, and industry risk protection funds.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lin Wang
PY  - 2018/06
DA  - 2018/06
TI  - Supervision of Peer-to-Peer Lending in China
BT  - Proceedings of the 2018 2nd International Conference on Education, Economics and Management Research (ICEEMR 2018)
PB  - Atlantis Press
SP  - 291
EP  - 293
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceemr-18.2018.66
DO  - 10.2991/iceemr-18.2018.66
ID  - Wang2018/06
ER  -