Internet Financial Regulation Is Being Intensified.

Chen Long: Banks Complain That Injustice Is A Misreading Of Internet Finance.

To judge whether financial innovation is better, we must understand it in the light of the nature of finance. There are many kinds of financial innovations, but in fact they are very different. P2P is an innovation of channel products, which is a product innovation. The problem is not overcoming the uncertainty of this product, and the financial institutions themselves may have moral hazard. Therefore, we must supervise the industry as early as possible.