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Based on the analysis of practical dilemma of the third-party electronic commerce system in China, this paper points out strengthening the policies and regulations' supervision is the key to continuously enhance its influence. The paper is divided into three parts. Part I describes the social and economic position of China's third-party platform. Part II establishes legal principles of supervising and managing it. Part III considers related legal problems, such as liability rules for errors in e-commerce, the intermediary system of e-commerce, special rules of e-contract. Recommendations of improving its supervision and management mechanism are provided.