科技金融视域下智能投顾实践的困境检视与法治因应  

Review of the Dilemma and Rule of Law Response of Robo-Advisor Practices in the Perspective of TechFin

作　　者：周春光 朱奕霖 ZHOU Chunguang;ZHU Yilin(Xihua University,Chengdu 610039,Sichuan,China)

机构地区：[1]西华大学,四川成都610039

出　　处：《东北农业大学学报(社会科学版)》2025年第2期93-103,共11页Journal of Northeast Agricultural University:Social Science Edition

基　　金：四川省哲学社会科学重点研究基地西部乡村振兴研究中心青年项目“乡村治理数字化的法律制度保障研究”(WRR202313);四川省哲学社会科学重点研究基地农业现代化与乡村振兴研究中心一般项目“数字乡村金融服务的法治保障研究”(AMRR2023006);西华大学西华杯项目“乡村振兴视野下数字普惠金融的法治因应”(xhb2024012)。

摘　　要：发展科技金融对推动经济高质量发展、提升金融服务效率具有积极作用。智能投顾作为科技金融领域的重要应用之一,成为助推金融服务提质增效的重要驱动。然而,通过考察关涉智能投顾的规范文本及司法案例发现,智能投顾在实践中仍存在事前监管手段缺位、主体责任分配不明、运营主体识别混淆、域外平台监管真空、合同性质判定模糊等问题。通过透视智能投顾实践问题之内在成因,在明确《金融稳定法》—《智能投资顾问监管条例》—《智能投资顾问监管条例实施办法》宏观立法体例的基础上,提出创新监管模式、厘清归责原则、明晰运营主体、填补监管漏洞、厘定合同性质的微观进路设计,以破解智能投顾实践中的现存困境,形塑更具体系化与回应力的法治安排。The development of science and techfin has a positive effect on promoting high-quality economic development and enhancing the efficiency of financial services.As one of the important applications in the field of science and techfin,Robo-Advisor has become an important driving force to promote the quality and efficiency of financial services.However,an empirical examination of the normative texts and judicial cases related to Robo-Advisor shows that in practice,there are still problems such as the absence of prior regulatory means,unclear allocation of main responsibilities,confusion in the identification of operating entities,vacuum in the supervision of offshore platforms,and ambiguity in the judgement of the nature of the contract.By looking at the intrinsic causes of the appearance of the Robo-Advisor problem,the macrolegislative system of the Financial Stability Law-Regulations on the Supervision of Robo-Advisor-Measures for the Implementation of the Regulations on the Supervision of Robo-Advisor can be clearly defined,and then the micro-legislative design of innovative supervision mode was put forward,clarifying the principle of attribution of responsibility and clarifying the main body of operation,filling the supervisory loopholes,and determining the nature of the contract.The micro approach is designed to crack the existing dilemma in the practice of Robo-Advisor,and to shape a more systematic and responsive arrangement of the rule of law.

关 键 词：智能投顾 科技金融 金融服务 智能投顾监管条例 

分 类 号：D922.28[政治法律—经济法学]