Zinghua's website, beijing, december 27, 2015 (journalist wang xiaojie), has been re-enacted by the mediaInternet financeThe industry continues to grow sharply, from p2p, equity generation, to internet insurance, third-party payments, and internet finance is profoundly affecting economic and social life. This year, too, there were a number of influential industries within the industryDevelopmentYesEventsThrough these events, it can be seen that internet finance is growing from “wild to”RegulationThere are rules on the way。
Event one: internet financial regulatory guidance is in place and the three nothings will end
Following years of “three-nil” disorder, “without regulation, no threshold, no rules”, the first guide document, “guidance for the promotion of financial health development on the internet”, which comprehensively describes internet financial regulation, was launched on 18 july。
The opinion clarifies the responsibility for regulation, delineates the operational boundaries and makes specific regulatory recommendations. Industry has pointed out that the benefits of internet finance need to be balanced against risks such as technology, operation and fraud。
Event two: all private banks were opened and micro-finance was a feature
In 2015, all five of our first private banks were opened. In november, five banks first disclosed a report card with assets of over $50 billion。
For private banks using “internet plus big data”, micro-finance is a feature of differential competition with large banks and will play a key role in reducing private lending demand and in innovative banking models。
Event three: individual letters entered regulatory horizons and the “credit economy” was expected
In january, the central bank issued a circular on the preparation of personal letter operations, and commercialized individual call agencies were formally placed in the regulatory domain. Preparations for eight letters of credit, letters of call, etc., have been largely completed and related business explorations have been initiated, pending the issuance of a “basic certificate” by the central bank。
Fico, the president of china district, chen jian, stated that china's “credit economy” was to be expected。
Event iv: landing of the regulation of internet insurance
The interim scheme for the regulation of insurance operations on the internet was officially launched on 27 july as the first industry companion to the publication of internet financial guidance. In the first half of 2015, the internet insurance market generated $81. 6 billion in premium revenues, 2. 6 times the same period the previous year, approaching the size of total internet insurance premiums for 2014。
As regulatory regulations land, it is argued that there will be a gradual improvement in the structure of the internet insurance industry, low penetration rates, homogeneity and exaggerated publicity。
Event five: third-party payments will be “most closely regulated” and brokering is its essence
On 31 july, the central bank published the non-bank payments agencies network payment operations management scheme (approval draft), which details the management of accounts of third-party payment agencies and the protection of customer interests。
An internet-based advisory body, mahjongg, expressed the view that the draft highlighted the intermediary nature of third-party payments。
Event vi: “case no. 1” sitting back and forth
In 2015, the first case of the internet finance industry was held back-to-back in the absence of specific regulations. In august, the first civil case in the equity sector was heard, the plaintiff filed a “everyone” appeal against the normido catering company, and the court ruled in favour of “everyone”; in december, the p2p agency v. Rating agency no. 1, the “small melting network” v. “small 360” did not qualify for credit rating, and the case is still pending。
The internet financial research institute (ifis) and the ceo believe that in this industry, the relevant laws and regulations remain vague and that rating agencies lack credibility. Therefore, the market environment and the legal environment need to be improved if internet finance is to be on a healthy development path。
Event 7: p2p joined the “millions of billion clubs” and there is still a long way to go for healthy development
According to monitoring data from the internet finance research institute's “house of loans”, by the end of october, the cumulative historical turnover of p2p platforms across the country had exceeded the $100 billion mark, reaching $10,988,349 million。
According to industry experts, participation in the “megabillions of clubs” suggests that p2p is becoming one of the mainstream means of finance, but that there is still a long way to go for healthy development in the industry。
Event 8: mobile payments are fully flowered and client privacy and financial security will be challenged
The year 2015 is the year of large-scale use of offline electronic payments, with fast-food restaurants, supermarkets and malls almost all using mobile payment tools such as payment treasures and micro-credit. According to central bank data, in the second quarter, the national banking institutions processed 24,976 million electronic payments, amounting to 59,415 trillion yuan. Of these, 2,286 million were mobile payments, amounting to 2,681 trillion yuan, an increase of 14,1. 34 per cent and 445. 14 per cent, respectively。
In the future, experts considered that mobile payments would fully integrate offline business activities, and how to protect client privacy and financial security was a challenge for industry。
Event nine: the return of the great sage was successful and attracted the attention of ordinary investors
The national film " the great return of the west travelling " allows equity to raise this type of investment that many ordinary investors understand. The film's author, luway, launched a rally in the community of micro-credit friends and won $7. 8 million from 89 investors. It was revealed that the return of investors would be five times the principal amount。
According to luway, the fund-raiser covers only 10 per cent of the cost of the film. Be well prepared, if you have a good product。
Event 10: p2p high-risk, one in every three platforms
The p2p sector continued to grow rapidly in 2015, but the number of problem platforms remained high. As at the end of november 2015, the number of national platforms stood at 1248, with 34. 5 per cent of all platforms。
The web-based lending house ceo peng feng stated that the risks in the p2p sector are not to be underestimated, and that innovation in models such as wind control, letters and so forth is a long way to go。
Looking ahead to 2016, the regulation of internet finance will soon be put on the ground, setting a policy red line that will guide the healthy development of industry and allow more traditional industries to benefit from internet financial innovation。
