Legal Basis: Internet Financial Information Disclosure Personal Peer-to-Peer Lending Article 3 Peer-to-Peer Lending Information Intermediaries shall follow the principles of legality, honesty, voluntariness and fairness, provide information services for both borrowers and lenders, safeguard their legitimate rights and interests, and shall not provide credit enhancement services, direct or indirect fund-raising or illegal fund-raising, and shall not harm national interests and social interests.
Borrowers and lenders shall bear the loan risks in accordance with the principles of voluntary lending, honesty and trustworthiness, self-responsibility and self-risk. Peer-to-peer lending information intermediaries bear the responsibility of objective, true, comprehensive and timely information disclosure and do not bear the risk of loan default.