Research on Financial Supervision Issues Related to the Ant Financial Event

Abstract

With the rapid economic development and the continuous upgrading of financial innovation, there are many Internet companies in science and technology related to online loans. At the same time, many technology companies have also launched online loan businesses and even created a wide variety of loan products. As a focus of Internet financial enterprises, Ant Financial relies on payment business and scenario development to conduct comprehensive customer insights. It jointly lends with banks and financial institutions, forming a new type of microcredit on the Internet. Internet microcredit has played a positive role in liberalizing interest rates and developing finance. But it still carries various risks, such as credit risk and high leverage risk. The suspension of Ant Financial's listing has deeply affected the hearts of government regulators, the Internet finance industry, and related researchers and may profoundly change China's Internet finance. The Internet finance supervision issues involved are worth pondering. Taking Ant Financial as an example, this article analyzes the problems existing in the supervision of financial technology companies and makes reflections and suggestions.