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To encourageFinancial innovation♪ promote ♪Internet financeHealth development, clearRegulationWith the agreement of the party central committee and the state council, the people's bank of china, the ministry of industry and information technology, the ministry of public security, the ministry of finance, the general directorate of state for industry and commerce, the legal affairs office of the state council, the china banking supervision and management board, the china securities regulatory commission, the china insurance supervisory board and the state information office on the internet issued a joint publication on the promotion of financial health on the internetGuidanceI don't know. Details
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The internet's financial platform's "poaching" is expensive
At the heart of internet finance are big digital rules, long tails, but the current costs of attracting investors on some platforms are far below the line and tend to increase, contrary to the financial nature of the internet. Industry has admitted that there is a lack of awareness of financial products and investors in some platforms and that there is an urgent need to improve the precision of product marketing。
Following the issuance on 18 july by the central bank and 10 other ministries of the "guidance on promoting the health development of internet finance " , which requires third-party deposit of p2p funds, over a period of 10 days, p2p platforms such as the money-friendly corporation, the state council and others have announced that they will work with banks to co-operate in the management of their banks。
Recently, the guidance on promoting the development of financial health on the internet was published. The director of the institute of financial law of the central university of finance and economics, the founder of the millennium society of internet finance, huang shui, stated that internet financial regulation should be balanced with industry discipline and that it should strengthen good interaction between government and industry and play a strong role as an internet financial social organization。
In the end, internet finance is a manifestation of finance, and the need for regulation is evident in general, given that the financial sector is typically a dynamic and outward-looking industry and that the regulation of internet finance is discussed repeatedly. Following research and discussion, in july 2015, the guidance on promoting the health development of internet finance was issued to put an end to the reckless age of internet finance and bring it into the normative stage of development。
Central bank: strengthening internet financial anti-money-laundering controls
On 24 july 2015, the eighth working session of the joint inter-ministerial meeting on money laundering was held in kyoto. The meeting summarized the progress made since the seventh working session in combating money-laundering, analysed the situation facing the country in combating money-laundering and discussed the tasks ahead, focusing on the financial action task force (fatf) work programme on the fourth round of mutual evaluation of anti-money laundering and counter-terrorism financing. The meeting was attended by the corresponding comrades in charge of the members of the joint inter-ministerial conference on combating money-laundering。
The guidelines for the promotion of financial health on the internet (hereinafter referred to as the opinion) issued recently by 10 central banks and others, inter alia, provide for “the implementation and improvement of fiscal policies”. In the case of small-scale, start-up institutions that meet the requirements of our current tax policy on small and medium-sized enterprises, especially micro-enterprises, tax incentives are provided for。
At the same time, the opinion emphasizes the need to harmonize and improve internet financial taxation policies in the context of vat reform. Implementation of a policy of taxing new technologies and research and development costs of new products by industry。
The development of internet-based financial services has made property transfers easier, faster and more hidden, making the means and means of circumventing and resisting enforcement more hidden and diverse. Implementation by the court must respond to this trend and take the initiative to meet the challenges。
In recent days, 10 ministries, including the central bank, the ministry of industry and trust, and the bank's superintendence, have officially landed in the country. The guidance sets out corresponding regulatory requirements for payments, network lending, equity financing, internet fund sales, internet insurance, internet trusts and internet consumer finance that are relevant to internet finance。
Internet finance will leave the reckless age
On 18 july, the central bank and 10 other ministries jointly issued the guidance on promoting the health development of internet finance (hereinafter referred to as " the guidance " ), which is designed for the top-level system of internet finance as a whole. Subsequently, ministries such as the silver chamber and the cvm will issue specific regulations based on specific industries, such as personal network lending (p2p) and equity mobilization. As the “basic law” of the internet finance industry, the guidance has given voice to the internet finance industry。
How will the internet finance industry change? How does the industry wash cards
The “basic law” of internet finance is not in place, but its power is now emerging. More recently, 10 ministries, such as the central bank, issued guidance on promoting the health development of internet finance, known by industry as the “basic law” on internet finance. Although regulations in the subdivisions have not yet been issued, a number of p2p platforms have begun to align themselves towards regulatory releases。
“legally regulated, innovative regulation, moderate regulation, classification regulation, co-regulating supervision”, 22 july, wang iwa, secretary of the party of the china banking association, and director of the department of cooperation for the regulation of business innovations of the former silver chamber at the 2015 conference on inclusive finance in china, the five principles of internet financial innovation regulation were reaffirmed。
“the regulation of internet finance must remain intact and be fully covered, and the various regulatory agencies must strengthen their synergies and strengthen their regulatory cooperation.” while emphasizing the principles of “innovative regulation” to explore new internet-based financial regulations, and “proportional regulation” to give internet finance a relaxed environment, wang iwai fully expressed yesterday a “coordinate regulation” at the regulatory level, without leaving internet finance in the dark。
