Research On The Measurement And Prevention Of Internet Fund Risk In China

Internet finance began to develop rapidly in China in 2013,and a large number of innovative models of financial products have emerged.The most typical ones are Internet funds,P2P platforms and other models.Internet funds are the first product of Internet finance.A major boost.Internet fund products are sought after by many people and have expanded rapidly.They account for half of the money funds.As a feature of emerging products and low risk,the academic community has less research on the risk measurement of Internet funds,but in the course of development,various risks and risks remain.To superimpose,in order to enable China’s economy to develop healthily and quickly,we should quantitatively analyze the risks of Internet funds,that is,establish risk models to measure their risks,and we should also begin to study risk prevention measures.This article first summarizes the research background and significance of Internet funds,sorts out the existing literature on Internet fund and financial risk measurement,outlines the relevant theory of financial risk measurement,the status quo and trend of Internet funds development,and then selects the Internet.The most representative product of the fund,the establishment of GARCH-VaR model to measure the risk,and then the measured value of the risk as an explanatory variable,the establishment of panel data model to measure the factors that affect the risk;Finally,a typical country on the development of Internet funds worth learning The experience has been summarized,and based on the results of this study,based on the actual situation in China,suggestions on risk prevention have been put forward in three aspects,namely,the formulation of laws and regulations,the improvement of policies,the strengthening of supervision,and the enhancement of risk prevention capabilities of fund companies.The main conclusion is that China’s Internet funds have many potential risks.Under GED distribution,GARCH-VaR model can better measure the risk value and reflect the real situation of risk,but different funds apply different GARCH models,so it needs to establish a platform with different characteristics.The risk measurement model;Shibor interest rate,money supply,fund size are the main factors affecting the risk of Internet funds,among which the Shibor interest rate has the most significant impact.Before the United States experienced the interest rate marketization,China should attach importance to and learn from related experience;Some laws and regulations and policies are still not perfect,and there are many aspects that need to be strengthened.For example,information disclosure systems,fund companies should also strive to improve their ability to prevent risks.China’s Internet fund risk prevention is still a long way.It needs constant research and exploration to promote stable and sustainable economic development.