Author(s)

Yuting Liu ¹

Affiliation(s)

¹ Xi'an Peihua University, Xi'an, Shaanxi, China

Corresponding Author

Yuting Liu

ABSTRACT

In recent years, Internet finance has been developing rapidly around the world and has played an important role in the economic recovery after the financial crisis. The innovative, sharing and open nature of Internet finance has solved the "long tail market" which is difficult to be covered by the traditional financial market, and the structure of market entities different from traditional finance also brings great challenges to regulation. The current regulation of Internet finance still follows the regulatory thinking of traditional finance, and there is no targeted regulatory system, which not only hinders the innovative development of Internet finance, but also does not achieve good results in regulation and risk control, and the risks exposed in practice are difficult to be regulated. To this end, the nature of Internet finance risks should be addressed, combined with the current dilemma of regulating Internet finance in China, to develop a regulatory system that is appropriate to the characteristics of Internet finance, in order to achieve the dual purpose of encouraging innovation and controlling risks. This paper proposes the legal regulation path of Internet finance while drawing on the mature regulatory experience of foreign countries and combining with the real situation in China, in order to promote the benign development of Internet finance.

KEYWORDS

Internet fiance, legal regulation, regulatory path, finance systems, P2P

CITE THIS PAPER

Yuting Liu, Legal Regulation of Internet Finance. Financial Engineering and Risk Management (2023) Vol. 6: 64-74. DOI: http://dx.doi.org/10.23977/ferm.2023.060310.

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