legal ground
Article 2 of the Interim Measures for the Management of Business Activities of Personal-to-Personal Lending Information Intermediaries.
Unless otherwise provided by laws and regulations, these Measures shall apply to the information intermediary business activities of peer-to-peer lending in China.
Peer-to-peer lending as mentioned in these Measures refers to direct lending between individuals through the Internet platform. Individuals include natural persons, legal persons and other organizations. Peer-to-peer lending information intermediary refers to a financial information intermediary company established according to law and specializing in information intermediary business activities in peer-to-peer lending. Such institutions take the Internet as the main channel to provide information collection, information release, credit evaluation, information exchange, loan matching and other services for borrowers and lenders, so as to realize direct lending.
The term "local financial supervision department" as mentioned in these Measures refers to the department that the provincial people's government undertakes the responsibility of local financial supervision.
Article 5
Peer-to-peer lending information intermediary institutions and their branches that intend to carry out information intermediary services in peer-to-peer lending shall, within 10 working days after obtaining the business license, bring relevant materials to the financial supervision department where the industrial and commercial registration is located for the record.