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Modern Economy, 2016, 7, 399-403 Published Online April 2016 in SciRes. /journal/me /10.4236/me.2016.74043 Discussion of the Risks and Risk Control of P2P in China Xue Lei School of Business Administration, South China University of Technology, Guangzhou, China Received 8 March 2016; accepted 17 April 2016; published 20 April 2016 Copyright © 2016 by author and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY). /licenses/by/4.0/ Abstract As a kind of finance innovation for direct lending between individuals, P2P develops rapidly in recent ten years. However, while it is promoting China’s economic development, various problems related to P2P network credit and loan are appearing gradually. If P2P wants to develop conti- nuously, the core is to strengthen the risk management. Based on the analysis of the concept, model and positive significance of P2P network credit and loan, this paper mainly expounds the credit risks, information risks, operational risk, regulatory and legal risks and liquidity risk that P2P network credit and loan faces, and comes up with the solutions to these problems, for exam- ple, setting up the credit system, perfecting internal control as well as strengthening supervision and industrial self-regulation, combining big data technology. These present some new ideas of performing risks management for P2P. Keywords P2P, Risk Control 1. Problem Introduction P2P (Peer-to-Peer) and loan refers to the direct lending activities between individuals without financial interme- diaries, like a bank, with the network platform providing credit intermediation