Research On Government Regulation Of Internet Financial Risks

In recent years,with the rapid development of economic globalization and the widespread application of electronic information technology,Internet finance has gained rapid development and has rapidly become the main means of transaction in the global financial market with its advantages of efficiency and convenience.The introduction of cell phone mobile clients and cloud data storage technology has brought new opportunities for the vigorous development of the online financial market.In particular,the financial products represented by Balance Pay have revolutionized the payment methods and transaction modes of traditional financial institutions and become the main financial products in the current Internet financial market by virtue of their advantages such as cost positioning,quick delivery of information and internationalization of services.The rapid development of Internet finance has brought a huge impact on traditional financial institutions,financial systems and financial products,and many banks or non-bank financial institutions,and even some enterprises have started to seek cooperation with Internet platforms,and the whole financial field is heading towards the digital era.The number of financial institutions is expanding,financial product innovations are emerging,and financial entities are showing the development trend of diversification.At the same time,there are frequent risk events and problems in the field of Internet finance.Since finance is the nerve center of the normal operation of the national economy,the frequent occurrence of risks in the field of Internet finance seriously endangers the financial security of our country and even national security.Therefore,strengthening government regulation of risks in the Internet financial sector becomes an inevitable choice to achieve the goal of low-cost and high-efficiency financial services in the process of financial reform in China.This paper uses the theory of government financial regulation to study the current regulation of Internet finance by our government,and analyzes that while Internet finance brings many conveniences and opportunities for China’s financial market demand,it also harbors many risks due to an inadequate legal system for Internet finance regulation,lagging government regulatory means,and insufficient self-regulatory ability of the Internet finance industry.To this end,China must improve the Internet financial system,improve the Internet financial regulatory laws and regulations,strengthen the coordination and cooperation between regulatory departments,improve the quality of the regulatory team,optimize the regulatory environment,etc.,to do a good job of government control of Internet financial risks and promote the smooth development of Internet finance.