Legal Consideration on the Internet Finance Supervision

DOI

10.2991/icss-14.2014.75How to use a DOI?

Keywords

Internet Finance; Legal Supervision; P2P; Crow Funding; Information Security

Abstract

On March 5, 2014, Premier Li Keqiang submitted the government report deliberated by Twelfth Session, Second Meeting of the National People's Congress, which proposed “accelerate the development of Internet Finance, improve Internet Finance supervision and coordination mechanism, monitor the flow of foreign capital closely, and protect from the systematic and regional finance risks”. It is the first time “Internet Finance” occurred on the official reports. The Central People's Government has sent the message of the encouragement and support on the market innovation, also they accepted that the new Internet Finance industry should be conducted and regulated. The paper first introduces the operational model of Internet Finance, differs it from the traditional finance industry. And then analyzes the current law and explores the endogenous risks, in the hope of searching for better solutions to supervise Internet Finance and accelerate its development.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - FuQiang Zhang
AU  - Wei Lin
PY  - 2014/11
DA  - 2014/11
TI  - Legal Consideration on the Internet Finance Supervision
BT  - Proceedings of the 2014 International Conference on Social Science
PB  - Atlantis Press
SP  - 410
EP  - 415
SN  - 2352-5398
UR  - https://doi.org/10.2991/icss-14.2014.75
DO  - 10.2991/icss-14.2014.75
ID  - Zhang2014/11
ER  -