Abstract
The Internet finance is a new model of finance. It has many characteristics, such as high-efficiency, immediacy and universality. Although it appeared not early in China, the Internet finance develops promptly both in the scale and speed. Due to the lack of correspondent legal systems and mature technologies, there are legal risks, operational risks, business management risks and technical risks. Making perfect Internet financial laws and regulations, introducing the supporting policies for the development of the Internet financial industry, and strengthening the industry self-discipline are the key to reducing the Internet financial risk.
Highlights
The growing Internet financial development leads to the traditional financial market operating pressure that is more and more fierce, even with the development of this trend, and that can eventually lead to the emergence of a new business model and operation pattern of traditional financial market, and affect the future development direction of traditional financial markets
“Promote the healthy development of Internet banking”, which will undoubtedly become a positive sign internet banking for sustainable development. It means that Internet finance officially entered the decision-making horizons, adding to China’s economic and financial development of the sequence, in China’s economic and financial development of enormous potential financial innovation strength for the development of China’s financial industry has opened a new door
Wang Jingwu believed that the current Internet more hidden financial risks and legal status is not clear, and drifted away from the financial regulatory system, the financial system security, social stability have a significant impact, strengthen financial supervision has been pressing the Internet
Summary
As an emerging field of Internet finance has become an integral part of our existing financial system. Internet finance has many advantages, such as a high degree of transparency during the operation, widely participants and low cost, simplify the payment process, etc. The current Internet finance has already seeped to each domain, including banking, insurance, funds and securities firms, among which are the fastest growing online payment, mobile banking and P2P financing model [2]. Mobile banking functions from mobile payment loans extend to deposit basic financial services, and P2P financing pattern can, to a certain extent, solve the problem of micro, small and medium enterprises financing. It is expected to serve as a useful supplement the existing banking system. (2015) China’s Internet Financial Risks and Risk Prevention Research.
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