In China, there is little economic phenomenon, like the private lending, which has stimulated the economy and the legal profession for so many years. This paper mainly introduces the development course and Prospect of the sunshine and standardization of the folk credit. First, the article discusses the inter enterprise lending why once is against the law of this problem, pointed out that "only banks are eligible to make use of capital profits through lending activities, other subjects are not the qualification" is perhaps the judicial interpretation and recognition of corporate lending invalid the real reason; secondly, it points out that the breakthrough and innovation of private lending regulations mainly in lending validity, loan interest and P2P network lending; then, it is pointed out that private lending also need to be improved in the Inclusive Finance and interest rate regulation, the financial system for the comprehensive reform of the main line, in order to fundamentally solve China's current financial repression problem. <<