Getting a grip on Internet risk has to be major priority

Internet finance guidelines were released by 10 central government ministries last month. The move has helped stimulate the market, but there are still a series of problems to solve.

The first point is that the risks involved in online finance should be taken seriously. It is highly dependent on computer technology, and there is a distinct lack of information disclosure, a risk management system and professional personnel.

Compared with the offline financial market, the credit risk of the online sector is more serious. While it has partly solved the problems of financing for small enterprises, it has also created regulatory loopholes. At the same time, there are many more small investors involved in the online market, which has exposed society to greater financial risk.