An Analysis Of The Legal System Of Internet Financial Management

Internet technology begin to combine with traditional financing gradually. It’s a sign that Alipay releases Yebao financing account together with Tianhong Asset Management in 2013,all kinds of internet financing products come and go since then.It main contains securities investment funds financial products and personal insurance financial products,and has millions of consumer. As internet has extensionality and diffusivity, it could magnify financial products sales amount. However, internet financing has an important impact on traditional financial service. But it enlarge the venture in the meanwhile. The internet financing regulatory system is not perfect in the current circumstance. In order to protect consumer’s legitimate interest and standardize internet financing steady development, it’s necessary to research internet financing.so it has realistic significance to research internet financing legal regulatory.The internet financing business is stay at the exploring stage for the time being.All kinds of laws and regulations are released successively, so the business has a certain legal risk. This paper is trying to analysis difference between internet financing products and traditional financing products, the development tendency of internet financing, and the legal relation between internet financing participant. The paper will research legal venture of internet financing combine with china’s practice situation. According to experience of foreign internet financing development provide suitable suggestions for china’s internet financing legislation and regulation.The paper will use documentary analysis method,empirical analysis method and comparative analysis method to research related issues.This paper is divided into five chapters.The first chapter mainly to explain the concept and characteristic of internet financing and introduce all kind of internet financing products on the market. It analyzes the relationship between the participants in Third-party payment mode and e-commerce platform mode in the perspective of legal relationship in the second chapter, and classifies laws and regulations of internetfinancing business that are released by supervision department. Taking Yuebao for example,it introduce the practice situation of internet financing and analyze Yuebao’s information disclosure venture, liquidity risk, information technology risk and the venture of backward legislation. The forth chapter introduces experience of America and British’s internet financing regulation. It draws several experience that we can utilize. Such as, establishing self-regulatory organizations, setting up a consolidated regulation agency, protecting consumer’s interest. In the fifth chapter, it give suggestion form the perspective of legislation and supervision for china’s internet financing development. On the legislative front, bit analyzes the disadvantage of the legislation for the time being, and on this basis we suggest implementing uniform legislation to boost the development of internet financing. On the supervision front,firstly, we discuss the principle of internet financing supervision. And, secondly, we advise to change qualification regulation into business supervision, enhance market admittance supervision, and pay attention to promote consumer interests.