Internet finance governance in China: what governance model is desirable

Cai, W and Zhao, H 2017, 'Internet finance governance in China: what governance model is desirable', Journal of Banking and Finance - Law and Practice, vol. 27, no. 1, pp. 77-86.


Document type: Journal Article
Collection: Journal Articles

Title Internet finance governance in China: what governance model is desirable
Author(s) Cai, W
Zhao, H
Year 2017
Journal name Journal of Banking and Finance - Law and Practice
Volume number 27
Issue number 1
Start page 77
End page 86
Total pages 10
Publisher Thomson Reuters
Abstract In the past decade, internet finance has developed significantly in China. Yet the country lacks a robust governance system on internet finance activities. Several cases of fraud have impacted the market and damaged the interests of a large number of investors. As a result of these risks, the Chinese Central Government has launched a nation-wide crackdown. The rise (and associated risks) of internet finance in China represents a typical example of how a governance model for internet finance can be developed. This article analyses the internet finance governance model in China, with reference to the government's recent crackdown on illegal activities in this sector. It suggests that a desirable internet finance governance model in China should be tailored to prevent risk, encourage innovation and address the problem of information asymmetry.
Subject Commercial and Contract Law
Copyright notice © 2017 Thomson Reuters (Professional) Australia Limited
ISSN 1034-3040
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