DISCUSSIONS ON ISSUES OF CHINA’S INTERNET FINANCE REGULATIONS AND POLICIES
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
China’s Internet finance has, though starting late, gained rapid development recently. Considering the environmental complexity and diversity, the difficulty of financial regulations is higher and the requirements will be stricter than any other country or region. The main cause is that the Internet finance is an emerging industry. In the meantime, the country’s Commercial Bank Law, Securities Law and Insurance Law among other laws have not fully covered the range of Internet finance. Moreover, the Bank of China, China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission are respectively in charge of their separate functions, which may lead to the huge vacuum of financial regulation and policy. The above realities require us to ponder, looking for possible alternatives and strategies, and improve the domestic market of Internet finance in a more robust pace and effective construction
Authors and Affiliations
Chao-Feng Hsu, Jieying Xu, Bi-Ru Lee
Keywords
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- EP ID EP413121
- DOI 10.26480/icemi.01.2017.389.391
- Views 68
- Downloads 0
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