Literature Review of Internet Finance Supervision in China

DOI

10.2991/aebmr.k.220603.090How to use a DOI?

Keywords

Internet Finance Regulations; Student Campus Loans; Internet Loan Ads; Internet Finance Collection Services; Internet Loans Late Fees/Liquidated Damages

Abstract

The marriage of internet and finance gave birth to online lending, whose purpose is to solve the capital needs of small and micro businesses and individuals and open up growth opportunities for them. However, the lack of clear regulatory mechanisms has caused online lending to stray away from its intentions. Bad actors have taken advantage of loopholes to fund-raise illegally, with some cases leading to serious consequences such as on-campus death. It has deeply disrupted how the financial market operates. Although regulatory authorities have implemented regulations such as “Interim Measures for Managing Business Activities of Online Lending Intermediaries” in 2016, which has solved some of the chaos, there is still much room for improvement and relevant research would provide great value. Under such context, this paper summarizes and reviews literature on the regulations of internet finance.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Hangfan Tian
PY  - 2022
DA  - 2022/07/01
TI  - Literature Review of Internet Finance Supervision in China
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 563
EP  - 567
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.090
DO  - 10.2991/aebmr.k.220603.090
ID  - Tian2022
ER  -