20 17 The coming year will surely go down in the history of China's financial industry. Behind the storm of fun shops, the dispute of "cashless era", the unification of asset management industry, the rise of artificial intelligence ... behind the rectification of financial chaos, there are increasingly clear regulatory signals.

Cash loan "life and death robbery"-the "bloody case" caused by fun shops is the result of an emergency and a round of regulatory policies. If Luo Min, CEO of the fun shop, didn't respond to everything in a high-profile way and said that "if you don't pay back the money, it will be charity", the problems behind its profit model, such as excessive borrowing, repeated credit granting, improper collection, and abnormally high interest rate, would not have uncovered the last fig leaf of the chaos of cash lending, and the grievances of those cash lending rivers and lakes would not have looked at the world so closely.

The four major banks join hands with Banks to lay out financial technology.

As big data, cloud computing, artificial intelligence, blockchain and other technologies gradually penetrate into the front, middle and back of financial transactions, the role of science and technology in breaking the old financial order, helping financial innovation and helping the development of the real economy is becoming more and more important. "No technology and no finance" has gradually become industry common sense.

From the Debate of "Cashless Age" to the Establishment of Network Links

It is worth noting that while China's finance is booming, it has gradually established its global influence, and the application of Fintech in third-party payment even subverts the traditional consumption pattern. In fact, China is now the most developed country for third-party payment, especially mobile payment.

"Great Unity" of Asset Management —— Farewell to the era of rigid redemption

Recently, the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission and the Foreign Exchange Bureau issued the Guiding Opinions on Regulating the Asset Management Business of Financial Institutions (Draft for Comment). The Guiding Opinions have made very strict regulations on net worth management, breaking rigid redemption, eliminating multi-layer nesting and channels, and independent custody by third parties, which highlights the current trend of "strict supervision" and aims to unify the supervision standards of similar asset management products and prevent and control financial risks.

The RMB exchange rate has risen steadily.

Under the strong dollar, the market was once full of worries about the exchange rate of 20 17 RMB. But in fact, such concerns have not come true. On the whole, RMB 20 17 has resumed its appreciation and is expected to remain generally stable in the future.

Judging from the central parity of RMB, at the end of last year, the central parity of RMB exchange rate was 1 USD to RMB 6.9370, while the exchange rate announced by the central bank on the morning of February 25th showed that 1 USD to RMB 6.5683. In the first 65,438+06,438+0 months of 2065,438+07, the bank settled and sold foreign exchange-804.2 billion yuan, and 2065,438+06-224.65 billion yuan, a decrease of nearly 60% compared with the whole year. The phenomenon that foreign direct investment has become the largest capital outflow has also been reversed. In addition, the process of non-residents purchasing foreign exchange to repay debts has ended.