Since 2007, P2P lending has boomed in China, and P2P network lending has become an important model in the financial industry. With the rapid development of P2P industry, the utilization rate and income of idle funds in the society have been improved. Meanwhile, various problems have also appeared, among which some problems have affected the normal financial order stability and social stability. Combined with the current actual situation, this paper briefly sorts out the reasons for the rapid development of domestic P2P industry and the current situation and problems of the domestic P2P industry, and puts forward relevant policy recommendations under the above discussion.