I. Introduction to the Association
The first general meeting of all members deliberated and voted on such basic systems as the Articles of Association of China Internet Finance Association, the Measures for the Management of Members of China Internet Finance Association and the Measures for the Management of Membership Fees of China Internet Finance Association, and signed the Self-discipline Convention of China Internet Finance Association and the Proposal for the Healthy Development of Internet Finance Industry. At the same time, the first board of directors and the board of supervisors were elected. Li Dongrong was elected as the president of the first Football Association.
The establishment of China Internet Finance Association has been highly valued by the CPC Central Committee and the State Council. It is the first national trade association to undertake special functions after the decoupling reform of trade associations in China, which makes a beneficial exploration for establishing a national trade association registration system. The association aims to standardize the market behavior of employment agencies, protect the legitimate rights and interests of the industry, promote employment agencies to better serve social and economic development, and guide the industry to operate healthily through self-discipline management and membership services. [3]
At the inaugural meeting of the Association, there were 425 initial company members, including banks, securities, insurance, funds, futures, trusts, asset management, consumer finance, employment services, online payment, investment, asset management, loans and other institutions, as well as institutions undertaking financial infrastructure and financial research and education functions, which basically monopolized the mainstream and emerging formats of online finance.
Two. The responsibilities of China Internet Finance Association include
1. Organize, guide and urge members to implement national policies and guidelines related to online finance, abide by relevant laws and regulations and rules and regulatory documents issued by regulatory authorities, and standardize business practices.
2. Formulate and organize members to sign and implement the industry self-discipline convention, advocate fair competition, safeguard the interests of the industry, communicate and negotiate, study and solve the problems existing in the Internet financial service market, establish a dispute and complaint handling mechanism and a punishment and feedback mechanism for violating the articles of association and the self-discipline convention.
3. Coordinate the relationship between members, associations and their members and relevant government departments, assist the competent authorities to implement relevant policies and measures, and play a role as a bridge.