数字普惠金融下网络借贷平台监管的博弈分析
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摘要
我国普惠金融发展有着良好的数字技术基础。自改革开放以来,中国金融基础设施不断完善,特别是现代化支付体系建设取得重大进展,移动支付、互联网支付等数字金融技术应用越来越广泛。互联网与证券、保险、基金等深入融合,中国支付电子化程度明显提升,让更多社会公众享受到金融服务带来的快捷、便利和高效,从而扩大了普惠金融的覆盖面。利用数字技术已渐渐成为我国普惠金融发展的重要推动力,网络借贷行业成为普惠金融发展的"重要途径"。目前,网络借贷行业乱象丛生,针对网络借贷平台的监管问题,构建一个资金供给方与资金需求方的博弈模型进行探讨,得出当前网络借贷平台利率水平虚高、资金供求双方信息不对称,因缺乏有效的监管法规导致资金需求者违约等结论,在此基础上提出数字普惠金融的监管建议,进而为网络借贷行业健康发展提供重要支撑。
Digital technology has a good foundation to promote the development of inclusive finance in China. Since the reform and opening up, China's financial infrastructure has been constantly improved, especially the construction of modern payment system has made significant progress, mobile payment, Internet payment and other digital financial technology applications are more and more widely used. With the in-depth integration of the Internet with securities, insurance and funds, the degree of payment electronization in China has increased significantly, enabling more public to enjoy the fast, convenient and efficient financial services, thus expanding the coverage of inclusive finance. The use of digital technology has gradually become an important driving force for the development of Inclusive Finance in China. Network lending industry is an important way to develop inclusive finance. At present, the network lending industry is in chaos. Aiming at the supervision of the network lending platform, this paper constructs a game model between the fund supplier and the fund demander, and draws the conclusion that the current interest rate of the network lending platform is too high, the information between the fund supplier and the fund supplier is asymmetric, and the lack of effective regulatory regulations leads to the default of the fund demander. The regulatory suggestions of digital Inclusive Finance provide important support for the healthy development of network lending industry.
Digital technology has a good foundation to promote the development of inclusive finance in China. Since the reform and opening up, China's financial infrastructure has been constantly improved, especially the construction of modern payment system has made significant progress, mobile payment, Internet payment and other digital financial technology applications are more and more widely used. With the in-depth integration of the Internet with securities, insurance and funds, the degree of payment electronization in China has increased significantly, enabling more public to enjoy the fast, convenient and efficient financial services, thus expanding the coverage of inclusive finance. The use of digital technology has gradually become an important driving force for the development of Inclusive Finance in China. Network lending industry is an important way to develop inclusive finance. At present, the network lending industry is in chaos. Aiming at the supervision of the network lending platform, this paper constructs a game model between the fund supplier and the fund demander, and draws the conclusion that the current interest rate of the network lending platform is too high, the information between the fund supplier and the fund supplier is asymmetric, and the lack of effective regulatory regulations leads to the default of the fund demander. The regulatory suggestions of digital Inclusive Finance provide important support for the healthy development of network lending industry.
引文
[1]吕家进.发展数字普惠金融的实践与思考[J].清华金融评论,2016(12):22-25.
[2]邱兆祥,向晓建. 数字普惠金融发展中所面临的问题及对策研究[J].金融理论与实践,2018(1):5-9.
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[4]张贺,白钦先.数字普惠金融减小了城乡收入差距吗?——基于中国省级数据的面板门槛回归分析[J].经济问题探索,2018(10):122-129.
[5]姚金楼,王承萍,张宇. “三农”领域发展数字普惠金融的调研与思考——基于供给侧结构性改革背景[J].金融纵横,2016(6):52-59.
[6]王紫薇,袁中华,钟鑫.中国P2P网络小额信贷运营模式研究——基于“拍拍贷”、“宜衣贷”的案例分析[J]. 新金融,2012(2):42-45.
[7]尹海员,王盼盼.我国互联网金融监管现状及体系构建[J].财经科学,2015(9):12-24.
[8]常振芳.P2P网贷创新与监管问题研究[J].经济问题,2017(7):53-57.
[9]于瑾,杨泽锋.P2P金融借贷利率与逾期行为研究——基于A网贷平台数据追踪的实证检验[J].广西大学学报(哲学社会科学版),2018(1):62-68.
[10]IVATURY G, LYMAN T,STASCHEN S.Use of agents in branchless banking for the poor: Rewards,risks and regulation[J].Focus Note, 2006(10):89-95.
[11]IVATURY G,MAS I.The early experience with branchless banking[R].Washington DC: CGAP, 2008.
[12]高波.金融科技监管“任重道远”[J].金融电子化,2012(12):75-76.
[13]王慧.履行央行职能,强化互联网金融科技监管[J].时代金融,2014(11):242-243.
[14]刘志阳,黄可鸿.梯若尔金融规制理论和中国互联网金融监管思路[J].经济社会体制比较,2015(2):64-76.
[15]朱家祥,沈艳,邹欣.网络借贷:普惠?普骗?与监管科技[J].经济学(季刊),2018(4):1598-1622.
(1)数据分别源自2017年中国网络借贷行业研究报告、2017年全国P2P网贷行业大数据报告、网贷之家。
(2)数据来源于2017年中国互联网金融行业年度报告。
[2]邱兆祥,向晓建. 数字普惠金融发展中所面临的问题及对策研究[J].金融理论与实践,2018(1):5-9.
[3]董玉峰,赵晓明.负责任的数字普惠金融:缘起、内涵与构建[J].南方金融,2018(1):50-56.
[4]张贺,白钦先.数字普惠金融减小了城乡收入差距吗?——基于中国省级数据的面板门槛回归分析[J].经济问题探索,2018(10):122-129.
[5]姚金楼,王承萍,张宇. “三农”领域发展数字普惠金融的调研与思考——基于供给侧结构性改革背景[J].金融纵横,2016(6):52-59.
[6]王紫薇,袁中华,钟鑫.中国P2P网络小额信贷运营模式研究——基于“拍拍贷”、“宜衣贷”的案例分析[J]. 新金融,2012(2):42-45.
[7]尹海员,王盼盼.我国互联网金融监管现状及体系构建[J].财经科学,2015(9):12-24.
[8]常振芳.P2P网贷创新与监管问题研究[J].经济问题,2017(7):53-57.
[9]于瑾,杨泽锋.P2P金融借贷利率与逾期行为研究——基于A网贷平台数据追踪的实证检验[J].广西大学学报(哲学社会科学版),2018(1):62-68.
[10]IVATURY G, LYMAN T,STASCHEN S.Use of agents in branchless banking for the poor: Rewards,risks and regulation[J].Focus Note, 2006(10):89-95.
[11]IVATURY G,MAS I.The early experience with branchless banking[R].Washington DC: CGAP, 2008.
[12]高波.金融科技监管“任重道远”[J].金融电子化,2012(12):75-76.
[13]王慧.履行央行职能,强化互联网金融科技监管[J].时代金融,2014(11):242-243.
[14]刘志阳,黄可鸿.梯若尔金融规制理论和中国互联网金融监管思路[J].经济社会体制比较,2015(2):64-76.
[15]朱家祥,沈艳,邹欣.网络借贷:普惠?普骗?与监管科技[J].经济学(季刊),2018(4):1598-1622.
(1)数据分别源自2017年中国网络借贷行业研究报告、2017年全国P2P网贷行业大数据报告、网贷之家。
(2)数据来源于2017年中国互联网金融行业年度报告。
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