As one of the new business forms emerging from the integration of information technology and finance

the development of online lending in China has experienced ups and downs. This volatility of industry development reflects the limitations of traditional industry governance models. After analyzing the challenges imposed by the unique features of the online lending business to traditional governance models

this paper draws on the research results of collaborative governance theory and network theory

designs a collaborative governance system for the online lending industry

and analyzes its constituent elements and relationships between the elements in a structure-process-relationship paradigm. The construction of this collaborative governance model is not only applicable to the online lending industry

but also to governance issues in relevant innovative financial businesses.