1. Peer-to-peer lending includes personal peer-to-peer lending (P2P peer-to-peer lending) and online microfinance. Personal peer-to-peer lending refers to direct borrowing between individuals through the Internet platform. Direct lending of personal peer-to-peer lending platform belongs to the category of private lending, which is regulated by Contract Law, General Principles of Civil Law and relevant judicial interpretations in the Supreme People's Court. Internet micro-credit refers to the micro-credit provided to customers by Internet companies through their holding micro-credit companies. Network microfinance should abide by the existing regulatory provisions of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking Regulatory Commission.

2. The supervision of online lending platforms has increased from five or six thousand at most to only 29 at the end of June. Before the end of the year, the special rectification work can be basically completed and transferred to regular supervision.

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1. Internet finance still belongs to finance in essence, and has not changed the characteristics of financial risks such as concealment, contagion, universality and suddenness. Strengthening the supervision 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 a new business. Formulate moderately loose regulatory policies to leave room for Internet financial innovation. Encourage innovation, strengthen supervision and support each other, promote the healthy development of internet finance and better serve the real economy. Internet financial supervision should follow the principles of "legal supervision, moderate supervision, classified supervision, collaborative supervision and innovative supervision", scientifically and reasonably define the business boundaries and access conditions of various formats, implement regulatory responsibilities, and clarify the risk bottom line. Protect legitimate business operations and resolutely crack down on illegal activities.

2. The main reasons for the P2P platform to run away and cheat are: the supervision of the intermediate fund account is weak, and the P2P platform has the right to allocate the funds of the intermediate account. The opening of intermediate fund account is for transaction verification and posting, and its establishment is a necessary link of P2P platform. However, the intermediate fund accounts of domestic online lending platforms are generally in a regulatory vacuum, and the right to allocate funds is still in the hands of the platform. If the time difference and time limit are not strictly controlled, the moral hazard caused by depositing funds into intermediate accounts such as "running away" will be great.

3. Therefore, by monitoring the source, custody, settlement and attribution of capital flow, analyzing the roles of the parties actually involved in credit activities in detail, and monitoring the "special account funds" of intermediate fund accounts, the possibility of P2P online lending platform participating in illegal fund-raising or commercial fraud can be avoided, and it is also convenient for relevant departments to make statistics, monitoring and analysis on social financing.

4. Domestic P2P online lending platforms generally open intermediate fund accounts in banks and third-party payment platforms to realize intermediate transfer settlement. The general attitude of fund custodians is to allow accounts to be opened, but not to allow supervision. The regulatory authorities may consider entrusting the custodian to manage the intermediate fund account. The platform itself can only view account details, and cannot withdraw cash at will. In addition, we can also try to establish a professional certification body to certify the security of funds independently of the P2P platform.