The Problems and Countermeasures of the Development of Internet Finance in China

摘要

As a beneficial supplement to our financial system, the development of Internet finance has promoted the innovation of financial model and injected strong vitality into financial market. Internet finance provide clients with more convenient and fast financial services, effectively alleviate the financial exclusion, reduces the information asymmetry. It is of great significance to promote the marketization of interest rate and promote the development of inclusive finance. At the same time, Internet finance also has problems such as lack of supervision, lack of risk prevention and control, lack of perfect credit system and credit evaluation mechanism etc. The Internet finance has caused a certain impact on traditional financial business, and weakened the traditional financial industry's dominant position. We need to take effective measures to improve risk management, promote business innovation, strengthen communication and cooperation with traditional financial institutions, promote the healthy development of China's Internet finance industry.