P2P electronic contract is an agreement between two or more parties involved in Internet finance enterprises to establish, change and terminate certain civil rights and obligations through the Internet.

On June 1, the Shanghai Financial Services Office issued the Notice for Public Solicitation of Opinions on the Implementation Measures for Business Management of Personal-to-Personal Lending Information Intermediaries in Shanghai, stating that electronic contracts have become the standard and necessary filing materials for P2P platforms and must be stored in third-party institutions.

The law has greatly noticed that in Article 10 of Chapter II "Record Management" of the Draft for Comment, "a newly established peer-to-peer lending information intermediary institution shall submit the following application materials when applying for record registration", of which Article 11 stipulates:

A copy of the entrustment contract depository agreement signed with the third-party electronic data depository platform;

This article contains two meanings:

Peer-to-peer lending information intermediary (P2P platform) must sign an electronic contract with a third-party electronic data depository platform;

As a filing material, the P2P platform must submit a depository certificate to the regulatory authorities, that is, a copy of the electronic contract depository agreement;

Simply put, the introduction of third-party electronic contracts into P2P platform is the standard of the platform and the necessary material for filing.