China should strike a balance between risk control and innovation promoting amid the rising popularity of Internet finance, according to the economists during the 2015 Summer Davos forum held in costal Tianjin.
Li Daokui, an economics professor at Tsinghua University said that Internet finance supervision should stick to two principles: limited users and limited assets scale to avoid systematic finance risks.
Huang Yiping, a Peking University professor in economics agreed that the key of Internet finance supervision is to avoid systematic finance risks.
"Internet finance supervision is a comprehensive system consisting of the participation of authorities, industry association, media, investors and consumers", said Tang Ning, CEO of CreditEase, an internet finance company in Beijing.
According the data from Wangdaizhijia.com, a P2P website, there are 2028 P2P platform in China at the end of August, up 45 percent compared with the figure at the end of 2014. After 125 problematic P2P occurred in June, the figure decreased in July and August. With the implement of supervision regulations, the internet finance industry is riffling.
Zhu Ning, vice president of Shanghai Senior Finance Institute, said that providing personalized services for small and micro enterprises and ordinary people is the main point of the internet finance.
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