Internet finance refers to a legal person enterprise that provides financial intermediary services such as third-party payment and settlement, mobile payment, online credit, crowdfunding (equity), financial product sales, e-commerce finance, and factor platform relying on the Internet, mobile communication and big data processing. And innovative online financial institutions, e-commerce institutions, franchisees, R&D centers, etc. established by traditional banks, securities funds, futures, insurance and other financial institutions.

Requirements for applying for Internet financial services:

First, the approval documents must be obtained according to the business classification: the bank license is approved by the CBRC, the third-party payment platform is approved by the People's Bank of China, the funds, brokers and futures are approved by the CSRC, the insurance is approved by the CIRC, the financial leasing pawn is approved by the Ministry of Commerce, and the microfinance and financing guarantee are approved by the Provincial Finance Office;

Second, different businesses have different requirements for registered capital;

Third, there are relevant qualification requirements for senior executives;

Fourth, it meets the conditions stipulated in the Company Law of People's Republic of China (PRC);

Fifth, it has a sound organizational structure, operating rules of trust business and risk control system;

Sixth, there are business premises, safety precautions and other business-related facilities that meet the requirements;

Seventh, have the right to examine and approve other conditions stipulated by the department.