Study On The Third Party Payment Of The Supervision Of Financial Products

Since the 18 th National Congress of the Communist Party of China, a series of polices about restructuring and promoting development are published to accelerate the transformation of the pattern of economic development, including to decrease the check and approve of administration and give power to the market between the government and market, followed which the balance, standing for the financial products paid by third party, came out. Yu’eao is a means of payment of the balance platform for sales of the fud, both financial and consumer features.The product, with characters of free fee, high yield, low requirements and stronger liquidity, have improved the original record of domestic fund and challenge to the traditional business of demand deposits. The Internet finance not only brings dividend to the market and investors, nevertheless, but also some potential risks. For instance, redemption, negative externality, information asymmetry, legal status is not clear and the security of excess reserve and so on.Because China is a treasure in the Yu’ebao, the existing law only their maternal carrier "first appearance"- Regulation transaction payment platform can not solve the existing problems, this paper from the basic theory of Internet financial innovation, analyzes the third party payment of financial products, legal and regulatory status and the theoretical basis on how to use the law to resolve the financial innovation and regulatory security puzzle that under the principle of prudence and targeted, focusing on the matter, after the functional regulation can regulate economic behavior brings innovation problem.