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：００
分类号F ０O０UDC ：３
学号：１６４５０１８２３５５密级：公开
温州大学
硕士学位论文
题目：金融生态视角下民间融资网络化转型发展
作者姓名：方兰
培养类型：学术型
专业名称：社会主义市场经济理论与践
实
研究方向：社会主义市场经济理论与区域发展模式研究
指导教师：李元华教授
２０１９３２５
完成日期：年月日
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金融生态视角下民间融资网络化转型发展研究
摘要
随着大数据、互联网技术的推广运用和网络环境的形成，我国传
统的民间融资快速向网络金融方向转化，传统有形的融资面呈交易被
网络形式代替，各种金融中介被网络平台P2P 取代，消费性借贷转向
第三方支付，直接借贷转向网络融资，企业集资转向众筹融资形式，
融资交易圈也由熟人交易放大到陌生人之间的更大范围。从而，传统
民间融资产业的组织形式、结构、交易方式、市场规模等均发生了业
态性巨大变化。网络化民间融资的快速转型发展，使社会各路资本聚
集网络市场，拓展了金融服务边界和业务，促成了大量的融资，形成
了民间融资产业的重大演变。同时，由于整个金融生态环境的改变及
传统民间融资和互联网结合的特殊性，在转型过程中不断出现平台自
融、资金池、欺诈和平台跑路等融资违规的负面现象。
民间网络融资继承了传统民间融资生态的自发和演发特性，加上
网络技术的广泛应用，使得其网络化转型和演化过程中暴露了一系列
风险问题，不仅包含“民间融资”屡禁不止的所有问题，还有网络环
境带来的“技术陷阱”、“资金池”和“平台自融”等新问题，事实
上，源自于其生态的网络演变的融资风险，现行融资管理的金融分管
和多头管理明显失效。针对以上问题，有必要及时从学术上进行分析，
从识别、预警到防范、处置等各方面对互联网金融行业中的监管和风
险管理问题，予以深入研究。
本文阐述了民间融资网络化转型发展现状，从金融生态演变发展
的角度，对民间融资网络化转型的机理进行分析，阐述民间融资网络
化转型的必然性。应用金融生态演化原理和分析方法，深入分析民间
融资演变的关系机理和演发问题。在理论与实证分析的基础上，从“民
间融资网络化转型”的现实情况出发，依据生态演变管理原则，提出
社会网络金融“生态管理”、“专业监管”和“风险针对控制”等系
列研究建议。
关键词：民间融资；网络化转型；金融生态；融资监管
I
RESEARCH ON THE DEVELOPMENT OF PRIVATE
FINANCING NETWORK TRANSFORMATION FROM THE
PERSPECTIVE OF FINANCIAL ECOLOGY
ABSTRACT
With the promotion of big data,Internet technology and the
development of the network environment,China's traditional private
financing has rapidly been transformed into the direction of online
finance.The traditional tangible financing surface was replaced by the
network form,and various financial intermediaries are replaced by the
network platform P2P.Consumer lending turns to third-party payment,
and direct lending turns to network financing,and corporate fund-raising
turns to crowd-funding financing,and the financing trading circle is also
acquainted by acquaintances.The transaction is magnified to a larger
extent between strangers.As a result,the organizational form,structure,
trading methods,and market size of the traditional private financing
industry have undergone tremendous changes.The rapid transformation
and development of networked private financing has enabled all capitals
to gather in the network market,expanding financial service boundaries
and businesses,and promoting a large amount of financing,which has
formed a major evolution of the private financing industry.In the same
time,due to the changes in the entire financial ecological environment
and the particularity of traditional private financing and Internet
integration,the negative phenomenon of financing violations such as
platform self-sufficiency,fund pool,fraud and platform running have
emerged in the process of transformation.
The private network financing inherits the spontaneous and
evolutionary characteristics of the traditional private financing ecology.
Combined with the wide application of network technology,it exposes a
series of risk issues in its network transformation and evolution process.It
includes not only all the problems of“private financing,but also there are
new problems such as“technical traps”,“funds pool”and“platform
self-inflation”brought about by the network environment.In fact,the
financing risks derived from the evolution of their ecological networks,
the financial management and long positions of current financing
management Management have obviously failed.In view of the above
II
problems,it is necessary to conduct an academic analysis in a timely
manner,from identification,early warning to prevention,disposal and
other aspects to the supervision and risk management issues in the
Internet financial industry,and to conduct in-depth research.
This paper expounds the development status of private financing
network transformation,and analyzes the mechanism of private financing
network transformation from the perspective of financial ecological
evolution and development,and expounds the inevitability of private
financing network transformation.Applying the principles and analysis
methods of financial ecological evolution,the paper deeply analyzes the
relationship mechanism and the issue of private financing evolution.On
the basis of theoretical and empirical analysis,starting from the reality of
“funding transformation of private financing network”and according to
the principle of ecological evolution management,this paper proposes a
series of research proposals on “ecological professional management”
and “risk-oriented control”of Internet finance.
KEY WORDS:private financing,network transformation,financial
ecology,financing supervision
III