【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.