The conclusion is clear: the current regulatory system, characterized by a clear and rigid division of responsibility among its constituent bodies, is completely out of sync with China’s rapidly growing, and increasingly integrated, capital markets. Yet, according to China’s recently announced draft Internet finance regulations, the country’s “1+3” regulatory model is to be retained.
结果很明显：在当前的监管体系中，各机构之间的责任划分清楚而僵化，已经完全与中国快速增长、日益一体化的资本市场脱节。但是，根据中国最新公布的互联网金融监管草案，其“1+3”监管模式将被保留。