"Guiding Opinions on Promoting the Healthy Development of Internet Finance", in order to encourage financial innovation, promote the healthy development of Internet finance, clarify regulatory responsibilities, and standardize market order, with the consent of the Party Central Committee and the State Council, the People's Bank of China, the Ministry of Industry and Information Technology, the Ministry of Public Security,

The Ministry of Finance, the State Administration for Industry and Commerce, the Legislative Affairs Office of the State Council, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission, and the State Internet Information Office recently jointly issued the "Guiding Opinions on Promoting the Healthy Development of Internet Finance" (

Silver Hair [2015] No. 221, hereinafter referred to as the "Guiding Opinions").

In accordance with the overall requirements of "encouraging innovation, preventing risks, pursuing advantages and avoiding disadvantages, and developing healthily", the "Guiding Opinions" propose a series of policies and measures to encourage innovation and support the steady development of Internet finance, and actively encourage innovation in Internet financial platforms, products and services

, encourage practitioners to cooperate with each other, expand financing channels for practitioners, adhere to streamlining administration and delegating power and implementing and improving fiscal and taxation policies, and promote the construction of credit infrastructure and supporting service systems.

In accordance with the principles of "legal supervision, appropriate supervision, classified supervision, coordinated supervision, and innovative supervision", the "Guiding Opinions" establish Internet payment, online lending, equity crowdfunding, Internet fund sales, Internet insurance, Internet trust and Internet consumer finance.

The division of supervisory responsibilities among other major Internet finance formats has implemented supervisory responsibilities and clarified business boundaries.

The "Guiding Opinions" adhere to the market-oriented development of Internet finance, follow the overall goals of serving the real economy, obeying macro-control and maintaining financial stability, effectively protect the legitimate rights and interests of consumers, maintain the market order of fair competition, and manage the Internet industry, customers

Third-party custody system for funds, information disclosure, risk warning and qualified investor system, consumer rights protection, network and information security, anti-money laundering and prevention of financial crimes, strengthening self-discipline of the Internet financial industry, regulatory coordination and data statistical monitoring, etc.

specific requirements.

In the next step, all relevant departments will conscientiously implement the various requirements of the "Guiding Opinions" in accordance with the division of responsibilities in the "Guiding Opinions"; Internet financial industry practitioners should carry out various operations in accordance with the relevant provisions of the "Guiding Opinions" and in compliance with laws and regulations.

Activity.

(End) Guiding Opinions of the People's Bank of China, Ministry of Public Security, Ministry of Finance, State Administration for Industry and Commerce of the State Administration for Industry and Commerce of the China Banking Regulatory Commission, China Securities Regulatory Commission, and the National Internet Information Office on Promoting the Healthy Development of Internet Finance. In recent years, Internet technology and information and communication technology have continued to make breakthroughs and promote

The rapid integration of the Internet and finance has promoted financial innovation and improved the efficiency of financial resource allocation, but there are also some problems and hidden risks.

In order to fully implement the spirit of the 18th National Congress of the Communist Party of China and the Second, Third, and Fourth Plenary Sessions of the 18th Central Committee of the Communist Party of China, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, and in accordance with the overall policy of "encouraging innovation, guarding against risks, pursuing advantages and avoiding disadvantages, and pursuing healthy development"

It is required to proceed from the overall healthy development of the financial industry, further promote financial reform, innovation and opening up to the outside world, and promote the healthy development of Internet finance. With the approval of the Party Central Committee and the State Council, the following opinions are hereby put forward.

1. Encourage innovation and support the steady development of Internet finance. Internet finance is a new financial business model in which traditional financial institutions and Internet enterprises (hereinafter collectively referred to as practitioners) use Internet technology and information and communication technology to achieve financial coordination, payment, investment and information intermediary services.

The deep integration of the Internet and finance is a general trend and will have a more profound impact on investment models, businesses, organizations and services.

Internet finance has played a positive role in promoting the development of small and micro enterprises and expanding employment that cannot be replaced by existing financial institutions, opening the door to mass entrepreneurship and innovation.

Promoting the healthy development of Internet finance will help improve the quality and efficiency of investment services, deepen financial reform, promote the development of financial innovation, expand the opening of the financial industry internally and externally, and build a multi-level financial system.

As a new thing, Internet finance needs to be driven by the market to encourage innovation, and it also needs policy support to promote development.

(1) Actively encourage innovation in Internet financial platforms, products and services to stimulate market vitality.

Financial institutions such as banks, securities, insurance, funds, trusts and consumer finance are encouraged to rely on Internet technology to realize the transformation and upgrading of traditional financial businesses and services, and actively develop new products and services based on Internet technology.

Support qualified financial institutions to build innovative Internet platforms to carry out online banking, online securities, online insurance, online fund sales, online consumer finance and other businesses.

Support Internet companies to establish Internet payment institutions, online lending platforms, equity crowdfunding financing platforms, and online investment product sales platforms in accordance with laws and regulations, establish a multi-level investment service system to serve the real economy, and better meet the investment and financing needs of small, medium and micro enterprises and individuals.

, to further expand the breadth and depth of inclusive finance.

E-commerce enterprises are encouraged to build and improve online investment service systems in compliance with financial laws and regulations, and effectively expand e-commerce supply chain business.

Encourage practitioners to actively carry out product, service, technology and management innovation to enhance the core competitiveness of practitioners.

(2) Encourage practitioners to cooperate with each other and achieve complementary advantages.

Support various financial institutions to cooperate with Internet companies to establish a good Internet financial ecological environment and industrial chain.