Research On The Problems And Countermeasures Of FinTech Regulation In China Under The Background Of Strong Supervision

The rapid progress of new economic forms and technologies has brought new potential for the development of Fin Tech.At the same time,the outbreak of the COVID-19 pandemic has made the development of Fin Tech faster.Against this dual background,all countries attach great importance to the development of Fin Tech.Fin Tech is beneficial to the development of the real economy and financial inclusion.However,due to its rapid development and not being constrained by regulation,there are very large risks.For regulatory authorities,it is necessary to respond to these risks.The regulation of Fin Tech is urgent.Therefore,the problems faced in the regulation of Fin Tech have been paid more and more attention by the regulatory authorities.From the perspective of the regulatory process,in the early days,the regulatory authorities focused on the development of Fin Tech,and the regulation was quite loose,and it could even be said that there was no regulation.However,due to the barbaric growth of Fin Tech,its negative impact continued to intensify.The occurrence of major events such as the suspension of the Ant Group listing,Fin Tech began to enter the stage of strong supervision.Based on the relevant theories of public management,such as network governance,and digital governance,this paper analyzes the achievements and existing problems of Fin Tech under the policy environment of strong supervision,and seeks corresponding countermeasures and suggestions.First of all,this paper analyzes and explains the differences between the risk performance of Fin Tech and traditional finance,and provides a reference for the targeted regulation of Fin Tech.At the same time,quantitative analysis and inductive deduction methods are used to analyze the current situation of Fin Tech regulation under the background of strong supervision,mainly including the measures taken by the regulatory authorities for Fin Tech regulation and the corresponding results and deficiencies.Secondly,find out the problems of Fin Tech regulation under strong supervision,analyze its causes,and find out the crux.Finally,based on the risk performance of Fin Tech,in view of the current regulatory status and problems,this paper proposes several suggestions from the background of strong supervision: First,make a plan for Fin Tech regulation from the top level,and promote the transformation of the regulation paradigm.Unify the planning of Fin Tech regulation,and build a new paradigm of multi-coordinated governance based on this.The new paradigm of regulation closely links multiple subjects such as regulatory authorities,enterprises,financial institutions,consumers and industry associations,interacts,collaborates,and competes with each other,which can effectively overcome the unsolvable problems of the traditional regulatory paradigm,and at the same time break the strong regulatory environment.The shackles of "one tube and one death";second,develop innovative regulation tools,improve the efficiency of regulation,and change traditional regulation concepts and ideas;third,increase the weight of consumer protection work and enhance the main body of consumers in the regulation ecosystem to protect their legitimate rights and interests.By putting forward these countermeasures and suggestions,it is hoped that the problems existing in Fin Tech regulation can be solved,and the balance between Fin Tech development and supervision under the background of strong supervision can be maintained.