Is P2P financial management legal?

P2P financial management company is legal.

Peer-to-peer lending includes personal peer-to-peer lending (P2P peer-to-peer lending) and online microfinance. Personal peer-to-peer lending is direct lending between individuals through the Internet platform. Direct lending on the personal peer-to-peer lending platform belongs to the category of private lending, which is regulated by the Contract Law, General Principles of Civil Law and other laws and regulations as well as relevant judicial interpretations in the Supreme People's Court.

Personal peer-to-peer lending should adhere to the platform function and provide intermediary services such as information exchange, matchmaking and credit evaluation for investors and financiers. Personal peer-to-peer lending institutions should clarify the nature of information intermediary, mainly providing information services for direct lending by borrowers and borrowers, and not providing credit enhancement services or illegal fund-raising.

Network micro-loan is a micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing regulations of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers.

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Internet industry management. Any organization or individual who runs a website to engage in Internet finance business shall, in addition to fulfilling the relevant financial supervision procedures, also go through the website filing procedures with the competent telecommunications department according to law, otherwise it shall not carry out Internet finance business.

The Ministry of Industry and Information Technology is responsible for the supervision of telecom business involved in Internet finance business, and the National Internet Information Office is responsible for the supervision of financial information services, Internet information content and other businesses. The two departments formulate relevant regulatory rules according to their responsibilities.

Third-party depository system for client funds. Unless otherwise specified, the institution shall select qualified banking financial institutions as fund depository institutions to manage and supervise the clients' funds, so as to realize the separate account management of the clients' funds and its own funds.

People's Network-Guiding Opinions on Promoting the Healthy Development of Internet Finance