Open AccessDevelopment Status, Causes of Risks, and Risk Supervision Suggestions on Internet Finance in China
Author(s) -
Junxuan Ni,
Haoxuan Ni
Publication year - 2021
Publication title -
proceedings of business and economic studies
Language(s) - English
Resource type - Journals
eISSN - 2209-265X
pISSN - 2209-2641
DOI - 10.26689/pbes.v4i5.2659
Subject(s) - marketization , china , the internet , business , finance , financial risk , financial services , financial innovation , financial market , information asymmetry , vitality , indirect finance , financial system , political science , philosophy , theology , world wide web , law , computer science
As a useful supplement to China’s financial system, the development of internet finance has promoted the innovation of financial model and injected strong vitality into the financial market. Internet finance provides customers with more convenient and fast financial services, effectively alleviates financial exclusion, and reduces information asymmetry. It is of great significance to promote the marketization of interest rate and the development of inclusive finance in China. However, internet financial risk events occur frequently, posing a serious challenge. Therefore, this research analyzes the causes of internet financial risks, and provides suggestions on internet financial risk supervision, so as to promote a healthy development of the internet financial industry in China.