中國大陸互聯網金融風險動態規制研究──以江蘇省為例

A Study on Dynamic Regulation ofInternet Financial Risks inMainland China–Taking Jiangsu Province as an Example

江蘇互聯網金融創新主要表現在業務模式、金融產品、金融服務三個方面。但是，在發展中也呈現出十大風險，這些風險的法律成因在於監管失範和司法規制侷限。在後規範時代，江蘇互聯網金融或會出現與「金融危機治亂循環」相似的規制困境。為此，江蘇應建構一套預警性的、調整強度（範圍、力度）適中的，包括激活、調試、糾偏三大機制的動態規制體系，使互聯網金融市場風險信息在私主體與監管當局間順暢傳遞，後者透過大數據技術整合信息，描摹未知的新興互聯網金融交易架構及其風險類型並適度加以管控。在具體法律制度層面，應針對互聯網金融消費者保護制定省級地方性法規，建立地方性的互聯網金融消費糾紛多元解決機制、基於大數據體系的互聯網金融風險彈性監管制度以及事前、事後相結合的互聯網金融風險監管糾錯制度。

Internet financial innovations in Jiangsu mainly manifest in three aspectsof business models, financial products and financial services. However,in the process of innovations, there are also ten kinds of risks whichresult from the anomie of supervision and the limitation of judicial regulation.In the post-normative era, Internet finance in Jiangsu may face a regulatorydilemma similar to the chaotic cycle of financial crisis governance.Therefore, a early-warning and moderate (range and strength) dynamicregulation system including activation, adjustment and correction mechanismsshould be constructed. And this system could smoothly transmit therisks information of Internet financial markets between private subjectsand supervisory authorities. Then, the latter is able to integrate the informationthrough big data technologies to describe unknown emerging Internetfinancial transaction frameworks and their risks to control. ForJiangsu province, it is necessary to formulate provincial rules for the protectionof Internet financial consumers, establish a local multi-resolution mechanism for Internet financial consumption disputes, a flexible supervisionsystem for Internet financial risks based on big data system, and aregulatory correction system for Internet financial risks in advance andafterwards as well.