The year 2017, which is about to pass, will definitely be recorded in the history of China’s financial industry.

The Qudian turmoil, the battle for the "cashless era", the unification of the asset management industry, the rise of artificial intelligence... Behind the correction of financial chaos, there are increasingly clear regulatory signals.

The "life and death disaster" of cash loans - the "murderous crime" caused by Qudian is the result of an unexpected incident and a round of regulatory policies.

If it hadn't been for Qudian CEO Luo Min's high-profile "Response to Everything" that "if you borrow money and don't repay it, treat it as charity", problems such as excessive borrowing, repeated credit extensions, improper collections, and abnormally high interest rates would not have arisen behind its profit model.

, unveiled the last "fig leaf" of the cash loan chaos, and the grievances and grievances of the cash loan world will not be so close to the world.

The four major banks join hands with BATJ - competing to deploy financial technology. As technologies such as big data, cloud computing, artificial intelligence, and blockchain gradually penetrate into the front, middle and back offices of financial transactions, technology is breaking the old financial order, assisting financial innovation, and

The role of the real economy in the development is becoming increasingly important, and "no technology, no finance" has gradually become the common sense in the industry.

From the battle for the "cashless era" to the establishment of Netlink, it is worth noting that while China's finance is booming, it has also gradually established a global influence. The most significant of which is Fintech's role in third-party payment

The application has even subverted the traditional consumption model.

In fact, China is currently the most developed country for third-party payment, especially mobile payment.

"Unification" of asset management - Farewell to the era of rigid redemption A few days ago, the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission, and the State Administration of Foreign Exchange issued the "Guiding Opinions on Regulating the Asset Management Business of Financial Institutions (Draft for Comment)".

The "Guiding Opinions" make very strict provisions on net worth management, breaking rigid redemption, eliminating multiple layers of nesting and channels, and third-party independent custody, highlighting the current trend of "strict supervision" and aiming to unify the supervision of similar asset management products.

standards to prevent and control financial risks.

The RMB exchange rate stabilized and rose. Under the strength of the US dollar, the market was once full of concerns about the RMB exchange rate in 2017.

But in fact such worries did not materialize.

Overall, the RMB has resumed appreciation in 2017 and is expected to remain generally stable in the future.

From the perspective of the central parity rate of the RMB, at the end of last year, the central parity rate of the RMB exchange rate was 6.9370 yuan per US dollar, and the exchange rate announced by the central bank on the morning of December 25 showed that it was 6.5683 yuan per US dollar per US dollar.

In the first 11 months of 2017, banks' foreign exchange settlement and sales were -804.2 billion yuan, compared with -2.2465 billion yuan in 2016. If compared on a full-year basis, the two dropped by nearly 60%.

The phenomenon of foreign direct investment becoming the largest item of capital outflow has also been reversed. In addition, the process of foreign exchange purchases by non-residents to repay debts has ended.