Internet Financial Regulation and Law Analysis of China

Abstract

In recent years, internet finance has developed rapidly in China; however, the inherent characteristics of the internet have magnified the high-risk nature of the financial industry. Consequently, this leads to the complication of risk types, the acceleration of risk propagation, and the increase of interconnection of risk system, and these issues pose a serious challenge to regulation. Including the improvement of internet finance laws and regulations, the establishment of a multi-level internet financial supervision system, and the increase of the internet financial security system, the most effective risk prevention measures can be supplemented by administrative means carried out to resolve the stock risk through the nationwide internet financial rectification. At present, the traditional financial business mode is mainly under the control of the current financial law. This kind of law is rarely related to internet finance. Even if it is involved slightly, it is due to the early formulation time and needs to be revised.