Abstract:In the face of the legal risks and challenges under the market innovation of the shared economic model, it is necessary to innovate the relevant systems and establish a system which is compatible with the shared economic model so as to promote the healthy development of the sharing economy. First of all, the legal status of participants in the shared economy model must be determined and the status of the legal subjects of the unused resource providers must be clarified. Secondly, it is important to make the corresponding legal regulation on the sharing economic model: adopt a responsive regulatory strategy, uphold the concept of democracy and efficiency, introduce gradual, experimental and flexible regulatory techniques and methods to seek a dynamic balance between innovation and regulation.