Legal Risk and Regulation of Peer to Peer Lending Industry in China

DOI

10.2991/jahp-19.2019.53How to use a DOI?

Keywords

peer to peer lending; big data; risk prevention; legal supervision

Abstract

The peer to peer lending has developed rapidly with its advantages of convenience, high efficiency and low transaction costs since its rise in China in 2007. However, many lending platforms have closed down actively, have difficulty in withdrawing deposit, and escape without connection due to the imperfection of the legal system for risk prevention of the industry. This paper analyzes the existing problems in the standardized peer to peer lending industry, and puts forward some suggestions to promote the de-guarantee, strengthen data protection and industry supervision, improve the supporting laws and regulations and perfect the dispute resolution mechanism for the platform in order to promote the sound development of the industry in China.

Copyright

© 2019, 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  - Xiangyu Chen
PY  - 2019/09
DA  - 2019/09
TI  - Legal Risk and Regulation of Peer to Peer Lending Industry in China
BT  - Proceedings of the 4th International Conference on Economy, Judicature, Administration and Humanitarian Projects (JAHP 2019)
PB  - Atlantis Press
SP  - 245
EP  - 249
SN  - 2352-5428
UR  - https://doi.org/10.2991/jahp-19.2019.53
DO  - 10.2991/jahp-19.2019.53
ID  - Chen2019/09
ER  -