In recent years,my country’s digital economy has flourished,and digital platforms have emerged,profoundly changing the way enterprises produce and create value.Especially in the financial field,the digital financial platform has realized the deep integration of modern technological means and traditional financial services.With the advantages of economies of scale and financial innovation,it has rapidly grown into an emerging force in the financial industry.The level of consumer welfare and the in-depth development of inclusive finance have played a huge role in promoting.However,while the digital financial platform is advancing by leaps and bounds,problems arising from platform monopoly also emerge in an endless stream,such as oligopolistic malicious competition,accumulation of financial risks,etc.Among them,the problem of Ant Group’s digital financial platform is the most typical.In the face of new problems constantly exposed in the process of the monopoly development of digital financial platforms,how to recognize the essence and mechanism of digital financial platform monopoly and formulate targeted anti-monopoly regulatory policies has become a hot topic of common concern in my country’s academic circles.It is also the problem that this study attempts to solve.First,on the basis of the existing research conclusions,this paper defines the basic concepts related to the monopoly problem of digital financial platforms,which is the object of this study,and summarizes related theories such as Western economics monopoly theory,Marxist political economy monopoly theory,and game theory.Construct the theoretical basis of this research.Then it makes a descriptive summary of the development history and monopoly status of my country’s digital financial platform market,and takes Ant Group as an example to conduct a case analysis of large digital financial platforms.It is found that Ant Group currently has unreasonable corporate governance mechanisms,flouting regulatory compliance requirements,Abuse of dominant market position and infringement of consumers’ legitimate rights and interests are four major problems.Secondly,this paper believes that my country’s digital financial platform market has experienced the evolution process of data competition,data centralization,and data control,and finally formed an oligopoly situation;Concentration of operators and three characteristics of monopoly: increasing scale effect,increasingly hidden value capture,and intensifying capital expansion.Third,based on the actual situation of the digital financial platform market,this paper conducts static game model analysis and evolutionary game model analysis respectively,and conducts numerical simulation experiments.According to the experimental results,it is believed that oligarchic digital financial platforms will eventually choose to give up cooperation and Malicious competition to the end.Finally,on the basis of game analysis,combined with the results of literature analysis and reality,the positive and negative effects of digital financial platform monopoly are expounded.On the positive side,digital financial platform monopoly can stimulate digital technology research and development and give play to the advantages of economies of scale.On a negative level,the monopoly of digital financial platforms may hinder financial technology innovation,infringe on the interests of user groups,generate data monopoly risks,and easily accumulate financial risks.Based on the above research results,this paper puts forward four policy suggestions for the anti-monopoly regulation of digital financial platforms,namely:improving the anti-monopoly law on digital financial platforms,improving platform consumer protection regulations,establishing platform data supervision systems and improving platform financial supervision mechanisms. |