Abstract: As a typical representative of new financial format and key component of internet finance, the rapid development of P2P lending is a big challenge for financial system at present, and the risk from P2P lending has attached the high attention from theory and practice. P2P lending includes three bodies: P2P lending itself, financial consumer and financial demander, and the imperfect legal system has caused different risk problems for all this bodies. In order to healthily develop the P2P lending, we should fully play the guiding role of China Internet Finance Association and perfect the relative laws, administrative regulations, and departmental rules and regulations.

Key words: internet finance, legal supervision system, legal regulation