Research On China’s Network Financial Supervision System

Network finance plays a very important role in the modern economy,and it budded in the early stage of the Internet application.The characteristics of the early network finance are the network of financial institutions,that is,with the Internet to achieve the exchange and contact between financial institutions,But also due to the network information technology,market and people on the network financial recognition and other related reasons,the degree of development and development speed has been limited.With the continuous progress of Internet finance,the Internet financial industry has improved the development stage,a large number of large means of data for the development of network finance into a more powerful driving force.Today,the network finance is more attention to the construction of the platform,through the construction of the network financial platform to meet the emerging financial products in the case of integration needs,to better achieve the integration of resources and play a network of financial integrity specialty.China’s Internet finance began in China Merchants Bank in 1997 to set up the first online banking.Since then,the traditional institutions began to use the network information technology and network platform construction,have carried out their own online business,China’s network of financial into the development stage.With the rapid development of network technology,today,the online financial market more prosperous,which broke the time and space constraints,play a transparent,office paperless,more closely with each other features,more and more diverse financial products,Internet financial markets are increasingly prosperous,and the role of economic development is more prominent.However,in the face of the development of such a strong network of financial,China’s network financial supervision problems and shortcomings,mainly in the network financial regulatory legal system is not perfect,there is no complete market access standards,financial regulatory personnel lack of construction,can’t adapt to the ever-changing regulatory market,the information security and maintenance of hidden dangers,the legitimate rights and interests of consumers posed a threat.This paper analyzes the current situation of China’s network financial supervision,and realizes that there are some problems such as the backwardness of the law,the imperfect supervision system and the lack of supervisory personnel.Through the comparison of the foreign networks’ experience,China can learn from the development of the financial industry and to strengthen the further understanding of international finance.This paper is divided into six partsThe first part is preface.Mainly expounds the development of China’s online financial status and trends,as well as the existence of network financial supervision deficiencies.Clarify the writing ideas,writing methods and basic framework of this article.The second part is the basic connotation of network finance and network supervision.First of all,this article defines the concept of online finance,elaborates the object of network finance,and introduces the network finance from the macroscopic level.Second,the emphasis on the role of network finance and the impact of network finance has deepened the economic development model,and promote the economic virtualization,paperless and internationalization process.While the traditional economic model has been impacted and challenged.Finally,the legal dilemma faced by the rapid development of network finance is analyzed.In the face of the continuous prosperity of online finance,in order to maintain the overall smooth operation of the economy on the need for effective supervision of network finance.This section highlights the concept of network regulation and the objects involved,and the various problems and challenges in network regulation.The third part is the existence of China’s network financial supervision.In the face of the rapid development of network finance,China’s regulatory agencies have lagged behind and lack of supervision.Meanwhile,in the regulatory legislation,it lags significantly.So,There has been no system of laws and regulations introduced,many financial entities swoop,drilling loopholes in the law,making the entire network regulatory model into an awkward position.The fourth part is the United States,the European Union’s financial regulatory system and its enlightenment.China’s regulatory authorities in the management of regulatory problems in the lack of experience,we need to learn the United States,Europe and other regions of the network monitoring experience.Continue to enhance the theoretical level of China’s regulatory agencies and business level,to ensure that the interests of the parties to achieve win-win situation.The fifth part is the suggestion of perfecting the network financial supervision system in our country.This part clarifies the legal way that China’s network financial supervision should adhere to,emphasizing the importance of legal regulation.At the same time,through the common participation of all aspects,from the sound information management,improvepersonnel policies,develop incentive policies;strengthen domestic and international exchanges and cooperation and other aspects of the network financial supervision to achieve fair,fair,reasonable and legitimate efforts.