Abstract
As an emerging form of financial innovation, Internet finance will inevitably break through the boundary of traditional finance in the process of innovation. Therefore, how to adapt the supervision to the characteristics of Internet finance and how to balance the innovation and supervision of Internet finance have presented a new issue to the regulatory authorities. Based on the connotation and characteristics of Internet finance, this paper analyzes the current development status of Internet finance in China, and analyzes the problems of Internet finance industry, such as imperfect laws and regulations, chaotic financial supervision institutions, loss of supervision technology and talent, and information disclosure. Finally, from three aspects of supervision legal system, this paper puts forward a series of moderate and effective supervision suggestions on the supervision system and internal supervision mechanism of Internet finance, so as to promote the stable development of the Internet.
Highlights
Since the emergence of Internet finance, it has attracted the attention of various industries and developed rapidly
According to the China Financial Stability Report (2014) released by the People's Bank of China, "Internet finance in a broad sense includes the financial businesses conducted by Internet enterprises as non-financial institutions, and the businesses conducted by financial institutions through the Internet
Internet finance only refers to the financial business carried out by Internet enterprises and based on Internet technology
Summary
Since the emergence of Internet finance, it has attracted the attention of various industries and developed rapidly. Based on the comprehensive analysis of the viewpoints of scholars, this paper holds that Internet finance is Internet technology, spirit and finance Industry deep integration of the emerging formats. It integrates the "openness, sharing, collaboration and equality" of the Internet spirit into financial innovation and resource allocation, forming a more efficient, convenient, diversified and low-cost financial service model that focuses on customer needs. This paper chooses four typical models to analyze and explore, in order to illustrate the development status of Internet finance in China
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