Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)

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Research on Challenges Facing China’s Internet Finance Law System

Authors
Ziang Deng1, Chunyu Wu1, Wang Yao2, Jinke Li3, Jialin Liu4, *, Zhuoyu Zeng1, *
1Boston University, Boston, USA
2The University of New South Wales, Sydney, Australia
3Beijing Normal University, Beijing, China
4King’s College London, London, UK
*Corresponding author. Email: asderty67rtyasd@gmail.com
*Corresponding author. Email: loveessay0610@gmail.com
Corresponding Authors
Jialin Liu, Zhuoyu Zeng
Available Online 9 September 2023.
DOI
10.2991/978-2-38476-092-3_11How to use a DOI?
Keywords
Internet Finance; Legal Regulation; Supervision System
Abstract

With the continuous development of computer technology, the traditional financial industry is undergoing tremendous changes in today’s “Internet+” era. Internet finance can provide efficient and convenient financial services as a new inclusive economic model. However, due to the imperfection of relevant laws and supporting regulatory policies in China, many consumption infringements have emerged, seriously damaging the legitimate rights and interests of financial consumers.

Internet economic models such as online loans, Internet payments, and crowdfunding have brought new opportunities for people’s financial consumption. This article will examine the basic theory of Internet finance to demonstrate its basic features, characteristics, and relevant business models, and to clear any potential misunderstandings facing the general public. Therefore, through reviewing past research and current laws and regulations, the problems and causes concerning the protection of Internet financial consumer rights in China are analyzed. Further countermeasures and suggestions to protect consumers’ legitimate interests are proposed.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
9 September 2023
ISBN
978-2-38476-092-3
ISSN
2352-5398
DOI
10.2991/978-2-38476-092-3_11How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ziang Deng
AU  - Chunyu Wu
AU  - Wang Yao
AU  - Jinke Li
AU  - Jialin Liu
AU  - Zhuoyu Zeng
PY  - 2023
DA  - 2023/09/09
TI  - Research on Challenges Facing China’s Internet Finance Law System
BT  - Proceedings of the 2023 9th International Conference on Humanities and Social Science Research (ICHSSR 2023)
PB  - Atlantis Press
SP  - 74
EP  - 80
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-092-3_11
DO  - 10.2991/978-2-38476-092-3_11
ID  - Deng2023
ER  -