중국의 P2P금융 규제에 관한 연구

In China, P2P finance refers to direct lending between individuals through an online platform, which is stipulated to be regulated by the contract law and civil law. In addition, online microcredit, which provides microcredit services to customers through online by an internet firm’s microcredit company, is also considered as a form of P2P finance. China's P2P finance market is growing fast every year and is expected to reach 510 trillion KRW in 2018. Since the establishment of China's first P2P finance services company, 'PaiPaiDai', P2P finance industry has rapidly grown in China as small and medium-sized businesses, which had a difficulty of raising financing through institutionalized banking system before, grew with the help of governmental internet banking support policies and attracted individual financial investors. However, its unclear legal status and insufficient related regulations are considered to be the main reason for the rapid increase of improperly-run platforms in recent years. Accordingly, the objective of this paper is to understand the regulatory direction of China in the future by looking into the latest regulatory issues of P2P finance and to draw implications for Korea. To this end, I look into the definition and characteristics of P2P finance in China, the current state of the market, and the growth background of P2P finance in China (Ⅱ), and examine the current status and issues of the legal system in P2P finance (Ⅲ). I also study the latest regulation in China to solve the recent problem of the improperly-run platforms (Ⅳ).