Chinese network fiance Network finance is a mixture of new technology and financial services .It's not just like putting the financial products on the online shop but innovates the finance based on the network technology. The main business of it contains fund-raising, peer-to-peer lending and third-party payment . The development of china in economic area created a huge amount of people which had keen proposal for investing but lack the suitable chances. On the other hand, a large quantity of micro enterprises, which were established by policy's encouragement, urged following investment or loan.The network finance exactly fits the appetite of the both sides so that it suddenly become a star business as a burst of public enthusiasm for investing. But there is also many problems, even hazardous risks. Because of the absence of legal provisions in this brand-new realm, the barriers of business were blurred out. It possibly lead to many reckless adventures which cannot control its' own risk and jeopardise the security of assets. Meanwhile, fraudulent act should be paid attention as a potential threat. It was mainly caused by the low-level access to market and the fierce competition of countless companies with different qualities. In future，for resolving the weakness of it, the supervision of authority should be punctuated as well as the expansion of business in profundity and width for enhancing this market. Overall, though many reforms lay on the list, it still deserve to be thought highly of as a decisive breakthrough and latest trend in banking business.