網(wǎng)絡(luò)借貸的地方監(jiān)管探析

1、 II Abstract In recent years, with the characteristics of low cost, high efficiency and popularization, peer-to-peer (P2P) lending has become a vital force in fulfilling inclusive finance. Peer-to-peer lending, which rel

2、ies on Internet and information technology, offers convenient and efficient information intermediary services for both investors and borrowers. It has opened up new sources of investment and financing, enriched the exper

3、ience of financial consumers, and played an important role in perfecting financial system, promoting financing of small enterprises, and supporting local economic development. However, with the lack of regulation and sup

4、ervision, quite a few P2P lending companies have deviated from the nature of their own in the rapid development. The excessive accumulation of risks and frequent chaos of the industry have hindered the public good, and d

5、amaged the reputation of the industry and market confidence. Moreover, risks may also spill over to other economic and financial areas, causing a chain of negative effects, which will further undermine the social and fin

6、ancial stability. Thus, it’s urgent for the government, acting on behalf of the public, to conduct regulation and supervision on P2P industry. In August of this year, a new set of provisional rules on P2P lending was iss

7、ued, which creatively put forward a new regulatory system, requiring China Banking Regulatory Commission and its agencies responsible for conduct regulation, while local financial regulators responsible for institutional

8、 regulation. The provisional rules not only have defined the way of regulation on P2P, but also raised a new topic for local financial regulators. Due to the absence of complementary measures and implementing rules, as w

9、ell as lack of experience on P2P regulation, local financial regulators need to explore and improve regulatory approach in practice, so that they can implement effective regulation on P2P companies in their jurisdiction,

10、 leading them to better support of economic growth and financial stability. This paper focuses on the study of local regulation on P2P lending. It presents a detailed introduction of characteristics, social impact and re

11、gulatory practice of P2P lending in China, by reviewing the document outputs by scholars home and abroad. Discussion of the current situation and regulatory practice of P2P lending in one city by applying research and ca