Legal Supervision Of Financial Internet

As an important node, Alibaba's Alipay company launched a platform named balance treasure on June 13,2013, our Internet banking show explosive development attack near monopoly dominance of traditional financial industry in China. There is an impact on the development of traditional industries, changing the structure of the financial sector, however, Internet banking make up for the lack of traditional financial also led to a number of legal and regulatory problems in the same time. Traditional financial regulatory laws are set for a single business model, and the Internet financial mixed operation mode without any precedent in our country, so we need to continue to explore and learn, so that China's legal and regulatory system can keep up with the pace of Internet financial innovation.The first chapter of this article analysis the Internet financial development mode innovation and market regulation, pointed out that the Internet is based on the efficiency of financial development-oriented model innovation, specifically describes the three major Internet financial innovation in the most representative patterns and why these patterns of innovation causes;secondly, by showing the development of the Internet need to accept financial security for the protection of market regulation to P2P case elaborated model innovation brought by legal and regulatory problems. Pointed out the need that market regulation of the Internet need to strengthen financial laws for regulation by analyzing the current status of China. The second chapter analyzes the development process of Internet financial regulatory challenges faced by law, including the Internet banking laws blank, implementation of the existing regulatory system and rules difficult to adapt to the development of Internet banking, Internet banking electronic contracts admissible difficult, internet sign letter has many deficiencies, dishonesty disciplinary mechanism of action is difficult to play like. The third chapter faces the last chapter for the legal and regulatory challenges encountered in the development process of the Internet finance, and make relevant recommendations to improve, such as strengthening financial legislation and amendments to the Internet relevant laws and regulations, the implementation of several level legal and regulatory mechanisms to improve judicial practice admissibility of electronic data, establish a social credit system for consumer protection and so on.