On The Legal Problems Of Chinese Internet Fund Sales

Internet fund sales,which is an innovation of the traditional fund sales model,has its own particularities because of the joining of third-party payment platforms.Under the premise of increasingly complex legal relationships and the accumulation of transaction risks,our legal system cannot fully regulate such a developing model funds sale.With regards to these reasons,it is particularly critical to improve the legal system of internet fund sales.This article begins with defining the concept of internet fund sales.Then,this article summarizes the uniqueness of internet fund sales under the premise of analyzing the legal relationship of internet fund sales and points out the characteristics of internet fund,such as sales at the actual level of suspicion.And clarifies the importance to increase the standard of information disclosure and the strict third-party payment platform supervision.This article also selected three major issues of Chinese internet fund sales and proposed solutions:It is recommended to strengthen the disclosure of internet fund sales information in order to change the existing information disclosure defects;It is recommended to improve the payment market withdrawal mechanism of the third party payment platform to the fund investment the legal responsibilities,strengthen self-discipline of the industry and transfer the regulatory models.In order to reverse the lag in the handling of internet fund sales disputes,this article draws lessons from compares the traditional methods of handling disputes based on litigation and analyze the advantages,disadvantages of the UK ombudsman system,then put forward measures that need to establish Chinese internal dispute resolution mechanism and selective absorption of the ombudsman system;This article believes that the regulatory agency is adhering to an inclusive attitude to the emerging financial innovation model of internet fund sales.At the same time,it is also necessary to constantly watch the financial market risks and promptly prosper and eliminate disadvantages in order to build a stable financial market in the new era.