Internet finance needs to be incorporated into the legal track

2013 was called the first year of internet finance, a short time, the internet financial fire to prairie burned all walks of life. At the recent global summit on Internet finance, with the theme "Big data, big financial opportunities", government officials, institutional experts and academics expressed their views on internet finance and said that Internet finance urgently needed relevant laws and regulations to regulate.

Internet finance needs to be incorporated into the legal track

The internet cannot simply say that it is a technology, a means, a form, but a composite ratio. Now the so-called Internet finance must be built on the internet Big Data and cloud computing, any one to explore the big data finance is actually on the Internet, to explore the cloud computing in fact, the content is from large data. These three interrelated forms an objective topic. This constitutes the three core technologies of modern internet finance.

The modern financial industry is the trinity of system, information and technology, the system cannot become the climate, the light technology cannot become the finance, the light has the information cannot become the finance. Any financial institution, any financial product or any financial activity must be the Trinity in order to complete a financial service, especially in the modern sense.

Therefore, Internet finance is also a kind of financial form, must be included in the legal system, our supervision can be lax regulation, but can not be too low threshold, no rules, let some disorderly enterprise chaos of the entire Internet financial development of the overall situation. At the same time, accelerate the financing of SMEs to build the Internet financial platform. We should also actively encourage the business innovation of internet finance, strengthen the Internet financial services in Intelligent city, and vigorously develop the infrastructure of Internet finance based on large data and cloud computing, and support the internationalization of Internet finance and international cooperation.

All unregulated finance is pseudo finance

The history of the financial industry attests to the truth that any so-called internet finance without risk management is pseudo finance. There is no risk management, no supervision of the financial industry, whether it is internet finance, or private lending, is absolutely a disaster. The core of internet finance is a new risk management mode, which is based on the analysis of large data, and forms a new type of risk management to assume the responsibility of financial intermediary.

In China, the strict implementation of separate business, the regulatory system, from the "three-party" to regulate finance, in the physical sector is very easy to separate industry, for example, banks can not sell insurance, stocks, if the violation of regulations, can immediately find, but the Internet business is easy to blend, on the Internet "makeover" is very simple. Therefore, the Government should consider two aspects of the simultaneous study, in the existing system to strengthen the regulation of Internet finance research; On the other hand, internet finance is a new business, and it is possible to consider setting up an Internet financial supervision authority to oversee it.

It is necessary to regard Internet finance as a new financial form, and it is also a kind of financial industry which needs the new form of enterprise organization. All the Internet finance practitioners, quickly unite to make industry rules, otherwise, internet finance without rules, within three years will have disastrous consequences.

Need to effectively prevent Internet financial risks

Internet finance is becoming the biggest bright spot of local financial reform.

It is understood that the Ordos civil management approach has been planned to put the peer-to-peer into the regulation, Wenzhou is doing so. Soon, the Internet financial industry will be from happy enclosure to intensive cultivation, from disorderly competition to orderly development, from barbaric growth to regulatory intervention, from follow-up imitation to leading innovation, from ignoring wind control to strict grasp wind control.

At present, the Government is highly concerned about the development of Internet finance, in addition to the central and local already issued a series of internet financial industry support policy, the upcoming 18 session of the plenary also made an in-depth investigation of the development of the Internet financial industry, and formed an important document.

Internet finance has become an important part of the financial industry, but the traditional financial system and regulatory system, has not adapted to the development trend of internet finance, to promote its development, we need to further encourage innovation. But this needs to establish the corresponding supervision mechanism, in order to maintain the development order of the industry, and to prevent the risk effectively.

It is understood that the current regulatory authorities are stepping up the development of a series of internet banking regulatory measures.