国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Steps to tackle fintech risks get more impetus

By Chen Jia in Tianjin | China Daily | Updated: 2017-12-09 09:53
Share
Share - WeChat
Pan Gongsheng, deputy governor of the PBOC. [Photo/VCG]

China will push forward the special campaign on tackling risks in internet finance or the fintech sector, to launch a system focusing on financial conduct and prudential regulation, as well as build the market access mechanism, according to a central bank deputy governor.

The move is based on a principle raised by the country's top financial regulators-there is no exception of any new types of financial business that can bypass the regulatory framework, and the final target is to boost the real economy, Pan Gongsheng, deputy governor of the People's Bank of China, said at a forum in Tianjin on Friday.

Pan said the next step to enhance internet finance regulation will take advantage of technology development and improve credit information disclosure and sharing, based on the building of infrastructure and financial statistics systems, to protect and educate investors.

The special campaign, which started in April 2016, has seen "primary achievements", said Pan.

The National Internet Finance Association of China launched a nationwide internet finance monitoring center, an internet finance big data center and an internet finance standard testing and certification center in Tianjin Pilot Free Trade Zone on Friday, as the major infrastructure overseeing the country's fast growing fintech companies.

A new function of the NIFA's registration and information disclosure platform was also launched on the same day that records financial services contracts of online-lending companies, covering information of the loans' purpose, the term of borrowing, and borrowers' personal status.

On the platform, as of today, 112 internet finance companies have disclosed their business and operational information.

The association said the function will help to decrease asymmetric information between lenders and borrowers, to help investors make rational decisions and reduce default risks.

Li Dongrong, chairman of the association, said that safety concerns should overwhelm financial innovation in the development of fintech, while regulators should not neglect the possible lagging risk exposure.

A set of systems for statistics monitoring, risk pre-warning and credit information sharing are under preparation, which will facilitate a long-term and sustainable development of the new types of financial business by tightening regulation, said Lu Shuchun, the association's secretary-general.

A personal credit information platform, which is called "credit union", with NIFA as the largest stakeholder of 36 percent shares, is expected to open by the end of this year, to serve online lending companies by rating personal credit status and share legal information for supervision, according to an official from NIFA.

The platform will also rope in the other eight third-party credit service agencies as joint stake holders.

Last week, China's central bank and the China Banking Regulatory Commission jointly released a notice that bans unlicensed firms or individuals from carrying out lending business. The regulator has also suspended new approvals of online micro-lenders and cross-region lending.

According to the official statement, borrowing costs of private lending should be no higher than 36 percent annually, or it will be identified as usury stipulated by the Supreme People's Court.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
滨州市| 宝丰县| 黔江区| 天等县| 遂宁市| 桂林市| 厦门市| 文安县| 安顺市| 宁陵县| 沾化县| 桦甸市| 镇坪县| 醴陵市| 鹿泉市| 泸定县| 武平县| 深水埗区| 彝良县| 无为县| 中宁县| 宁津县| 新竹市| 乐陵市| 渭源县| 荆州市| 海门市| 儋州市| 都兰县| 黑龙江省| 琼海市| 广宗县| 梅州市| 安康市| 睢宁县| 韶关市| 繁峙县| 德安县| 吴川市| 道孚县| 青铜峡市|