互联网金融之辨析

A Critique of Internet Finance

2012年以后,在互联网金融将颠覆传统金融的热议中,中国互联网金融发展进入了高峰期,一些地方政府甚至将其列为发展的重点项目。本文认为,互联网金融在概念上有着明显的局限性,在功能上并无颠覆金融的可能,在机制上更多的是利用了中国金融体制机制的缺陷所进行的监管套利,在发展上具有拾遗补缺的作用但难以成为金融的主流运作方式。在互联网金融热潮中,应防止新一轮的金融泡沫产生。

Since 2012, accompanied with the hot topic of internet finance substituting traditional finance, China internet finance entered the period of high speed development and some local governments even selected it as the key project. This paper holds the opinion that there exists obvious limitation in the concept of internet finance, and it is impossible for internet finance to substitute traditional finance functionally. Internet finance mainly makes use of the flaw in China finance system to take up regulatory arbitrage. Internet finance can be a supplement, but can＇t become the main operating model of finance. In the boom of internet finance, it is important to avoid a new round of financial bubbles.