With the rapid development of current economy, Internet financial management industry is an emerging industry. There are also some problems and risks existing in internet financial management products, measures should be taken to enhance the utility of Internet financial products.
June 13-Police in central China's Hubei Province have raided an Internet fraud gang and detained 808 members, making it the largest online financial fraud group uncovered in China. Its 800-plus members worked in office buildings pretending to be securities clerks. The police investigation found that the gang started setting up a number of firms in 2015 and recruited professionals to provide securities analysis and consulting services on financial products including stocks, futures, precious metals and foreign exchange trading.
To prevent the problems of the Internet financial management industry, Government should strengthen supervision, also industry needs to strengthen self-discipline. To strengthen prevention and fight against illegal fund-raising efforts, the internet finance and financial management platform boom growth, we should expand the social public risk publicity, and implement risk aversion mechanism.

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Source: Xinhua