Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
Series Vol. 3 , 21 March 2023
Open
Access | Article
The Current Situation and Hidden Dangers of Internet Finance in China
* Author to whom correspondence should be addressed.
Abstract
With the advancement of science and technology and the rapid development of China's economy, China's Internet finance is growing rapidly. As China's Internet finance is in its infancy, a suitable regulatory system has not yet been formed, which leads to many risks in third-party payment, Internet lending, and crowd-funding platforms. This research will specifically explore what risks exist and why they arise, then make some recommendations for them. The findings of this study include recommendations for forward-targeted industry supervisory procedures and preventive actions. In conclusion, China's Internet finance has great potential, and the government should introduce legal provisions and build regulatory agencies to prevent these risks.
Keywords
Internet Finance, financial risk, prevention mechanism
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
- ISBN (Print)
- 978-1-915371-15-7
- ISBN (Online)
- 978-1-915371-16-4
- Published Date
- 21 March 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/3/2022774
- Copyright
- © 2023 The Author(s)
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited