In­ter­net fi­nance

China's Foreign Trade (English) - - Special report -

【Re­port】We will work to see that In­ter­net fi­nance de­vel­ops in line with reg­u­la­tions, and we will make a ma­jor push to de­velop in­clu­sive and green fi­nance.

In­ter­pre­ta­tion Ac­cord­ing to Chen Li, as­sis­tant【 】an­a­lyst from In­ter­net Fi­nance Di­vi­sion of China E-busi­ness Re­search Cen­ter, In­ter­net fi­nance has been men­tioned in the gov­ern­ment work re­port for three con­sec­u­tive years, which points out that the com­bi­na­tion of In­ter­net fi­nance with phys­i­cal econ­omy is a good news for In­ter­net fi­nance P2P and crowd­fund­ing and that a tol­er­ant pol­icy en­vi­ron­ment will be pro­vided for the de­vel­op­ment of In­ter­net fi­nance. In ad­di­tion, the gov­ern­ment work re­port points out that in­clu­sive fi­nance is the next di­rec­tion for In­ter­net fi­nance and that In­ter­net fi­nance is en­cour­aged to solve the long-term problem that it’s dif­fi­cult and ex­pen­sive for the small and medium-size en­ter­prises to ob­tain fund­ing.

The gov­ern­ment work re­port re­quires to se­verely crack down on such il­le­gal ac­tiv­i­ties as fraud, which is help­ful to build a healthy and or­derly en­vi­ron­ment for In­ter­net fi­nance and to pro­mote di­ver­sity and ef­fi­ciency of fi­nan­cial ser­vices. With the pre­con­di­tion of im­prov­ing plat­form risk con­trol and in- place su­per­vi­sion, In­ter­net fi­nance is sup­posed to sup­port back the phys­i­cal econ­omy. 2015 was the first year to launch su­per­vi­sion on In­ter­net fi­nance, and this year the In­ter­net fi­nance sec­tor will be shuf­fled to achieve stan­dard­iza­tion.

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