Internet Financial Risk Supervision and Countermeasures
Hua Xiang, Yongchao Tao · 2018
At present, the development of Internet finance in China is still in its infancy, and there are still many gaps in the regulation of Internet financial risks.In addition to the risks of traditional finance, Internet finance also faces the risks brought by the Internet itself, which also makes it more difficult to supervise.We can improve the countermeasures of Internet financial regulation from the aspects of supervision standard, subject of supervision, risk early warning and supervision evaluation. IntroductionAccording to industry statistics, the number of investors and borrowers reached 13.75 million and 8.76 million respectively.It increased by 134.64% and 207.37% respectively from 2015.Compared to traditional financial industry, as a beneficial supplement of the current financial system ,the Internet finance has the advantages of the convenience, high efficiency, it not only plays a positive role in daily pay, investment activities, but also plays an important role in changing the small and medium-sized enterprises financing difficulties, broadening the financing channels, improving the efficiency of capital allocation and so on.In addition, with the increase of national income and the awakening of financial consciousness and bank interest rates failing to keep pace with inflation and the depreciation of deposits, the public began to look for investment platforms with higher returns for idle funds.However, the rapid rise of Internet financial platforms represented by P2P lending platforms, crowdfunding platforms and third-party payment platforms provides a new direction for social idle funds.Especially its high benefits just meet the demand of the new demand of the mass group.However, behind the promise of high returns and low risk, the hidden risks are also emerging.Under the premise that the number of normal operating platforms has declined, the number of problem platforms has soared, and the lack of supervision and guidance of Internet finance has caused the industry to fall into "abnormal".Especially the instantaneous collapse of the Internet financial platform, which has been positively appraised by many parties, such as ezubao and rijinbao, triggered a chain reaction, it not only makes many investors suffer huge losses, but also the stampede caused by investor panic overwhelmed many of the compliance platforms.The entire Internet banking industry is in a crisis of confidence. The Current Situation of Internet Financial Risk Supervision Lack of Supervision Standards.For the traditional financial industry, the state has promulgated the "law of the people's bank of China", the securities law and the insurance law to guide it.There are three supervisory bodies of the CBRC, the insurance regulatory commission and the CSRC to supervise the operation and transaction records of the traditional finance, insurance and stock market.And internet technology spreads to a wide range, high popularity, transmission speed, strong and cross characteristics determine the Internet financial risk is different from the traditional financial, Therefore, it is not easy to effectively supervise Internet financial risks.Although the central bank has already noted that the huge amount of money held by third-party payment platforms represented by alipay and WeChat is in a regulatory gap, and successively promulgated rules and regulations such as"the