Research On The Legal Mechanism Of Internet Financial Penetration Supervision

Internet finance is a new financial innovation mode.The emergence of Internet finance not only promotes the rapid development of China’s economy,promotes the reform of the financial industry,but also brings new challenges to financial supervision.Compared with traditional finance,Internet finance,which relies on Internet information technology to carry out financial transactions,has the characteristics of mixed industry,virtualization and Inclusive Finance,which is not only more convenient and efficient,but also contains the "long tail group" that is rejected by the "high threshold" of traditional finance,and has greater advantages in the number of customers and transaction scale.However,due to the dual risks of Internet and finance,compared with the traditional finance,the risk coefficient of Internet finance is also larger,and it is easier to touch the risk points,causing systemic risks.For example,in the past few years,the large-scale P2 P network loan platform ran away,and the event of bankruptcy brought a lot of shocks to the financial industry.With the development of Internet technology,the degree of integration of traditional finance and it is deepening,the emerging Internet finance industry has been developing rapidly.At the same time,in the face of the reality of the accumulation of Internet financial risks,the disadvantages of traditional supervision are becoming more and more obvious.The penetration supervision is proposed to deal with the regulatory dilemma of Internet finance.The core of penetration supervision is "penetration",which can see through the surface form of Internet financial business,directly point to the essence of business,and finally determine the regulatory rules through the comprehensive supervision of capital sources,intermediate links and final investment direction.However,there are only some principled regulations in the current penetrating supervision.In the practice of Internet Finance in China,there are many problems,such as the lack of uniformity of supervision rules,the imperfection of identification mechanism,the ambiguity of boundary limit,the imperfection of supervision coordination mechanism,and the lack of implementation path.In order to cope with these specific problems,make penetration regulation adapt to the situation of Internet Finance in China,and give full play to its regulatory effectiveness to a greater extent,this paper,based on the experience of foreign penetration regulation practice,puts forward the cooperation of establishing penetration regulation unified regulation rules,improving penetration regulation business identification mechanism,carefully considering the boundary of penetration regulation,and improving penetration regulation To improve the legal mechanism of penetration supervision,we need to adjust the mechanism and optimize the implementation path of penetration supervision,so that penetration supervision can play an effective role in the field of Internet finance.