The essence of Internet finance still belongs to finance, and has not changed the characteristics of hidden, contagious, widespread and sudden financial risks. Strengthening the regulation of Internet finance is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and emerging industry, to develop a moderately loose regulatory policy, leaving room and space for Internet financial innovation. By encouraging innovation and strengthening regulation to support each other, to promote the healthy development of Internet finance, and better serve the real economy. Internet financial regulation should follow the principle of "regulation in accordance with the law, appropriate regulation, classification regulation, co-regulation, innovation regulation", scientific and reasonable definition of the business boundaries of the various forms of business and access conditions, the implementation of the regulatory responsibility, a clear risk bottom line, to protect the legitimate business, and resolutely crack down on illegal and non-compliant behavior.
Network lending includes individual network lending (i.e. P2P network lending) and network microfinance. Individual network lending refers to direct lending between individuals and individuals realized through the Internet platform. The direct lending and borrowing behaviors occurring on the individual network lending platform belong to the category of private lending and borrowing, and are regulated by laws and regulations such as the Contract Law, the General Principles of Civil Law, and relevant judicial interpretations of the Supreme People's Court. Network microfinance refers to small loans provided to customers by Internet enterprises through microfinance companies under their control, using the Internet. Internet microfinance shall comply with the existing regulatory provisions for microfinance companies, give full play to the advantages of Internet lending, and endeavor to reduce the financing costs of customers. Internet lending business is supervised by the CBRC.
Internet lending platform regulation, from a maximum of 5,000 to 6,000 to the end of June only 29 in operation, special rectification work may be the end of the year will be basically over, transferred to regular supervision.
In the traditional P2P model, the online lending platform only for the borrowing and lending parties to provide information flow and interaction, the value of the information identified and other services to facilitate the completion of the transaction, not essentially involved in the borrowing and lending chain of interest, the borrowing and lending parties to the direct occurrence of the debt relationship, the online lending platform relies on the borrowing and lending parties to collect a certain amount of fees to maintain operations. In our country, because the citizen credit system has not been standardized, the traditional P2P model is difficult to protect the interests of investors, once the overdue and other circumstances, the investor blood money.