Abstract: Based on Internet finance lacking of perfect credit system and normative financing model and other rea-sons currently，many crimes such as the crime of setting up financial institutions without authorization，thecrime of illegal absorb public deposits，the crime of illegal business operations，the crime of fraud in finan-cing, the crime of issuing shares，company and corporate bonds without authorization，the crime of embe-zeeling funds or Misappropriation，the crime of fraud，theft and so on Likely occur in the field of Internet fi-nancial crimes. These criminal risks highlight the necessity of criminal law regulation to Internet financial ac-tivities. Both from the point of view in the form of financial innovation，and from the point of view of the val-ue and role of the Internet finance，Internet finance is a kind of important financial innovation，Which de-termines the criminal law regulation to Internet financial activities should maintain a certain extent, so as notto block or stifle innovation. For Internet finance，criminal law regulation should be narrowed and straightenthe last defense line as a social status.

Key words: Internet finance, Criminal risk, Financial innovation, Necessity, Restrictive

摘要： 基于互联网金融目前缺乏完备的征信体系和规范的融资模式等原因，在互联网金融领域容易产生擅自设立金融机构罪、非法经营罪、非法吸收公众存款罪等多种犯罪。这些刑事风险凸显了对互联网金融活动进行刑法规制的必要性。无论是从金融形式的创新角度，还是从互联网金融的价值和作用角度看，互联网金融均是一种重大的金融创新，而这也决定了刑法对互联网金融活动的规制应保持一定的限度性，以免阻滞甚或扼杀创新。针对互联网金融，刑法应当进行限缩性规制，摆正其作为社会最后一道防线的地位，有所为，有所不为。

关键词: 互联网金融, 刑事风险, 金融创新, 必要性, 限缩性