Internet Finance "Guidance" Will Be Introduced

About promotion Internet The guiding opinions on healthy development of finance are expected to come out in the near future.

Recently, according to a reporter close to the central bank, "the guiding opinions on promoting the healthy development of Internet finance" (hereinafter referred to as "guiding opinions") has been submitted to the State Council for a period of time, and perhaps one day it will be announced. He said that the "guidance" will be released earlier than the Internet Finance Association and may be promulgated at any time.

Earlier, Mu Huaipeng, director of the central bank's law division, has publicly stated that the central bank is working with relevant departments to tighten up the "guiding opinions". As the "top-level design", the guidance will become the institutional foundation of China's Internet financial supervision system.

According to the above sources, the specific departments of Internet finance are basically consistent with the Hearsay: the central bank is responsible for the supervision of the third party payment and the Internet Financial Association; the CBRC is responsible for the supervision of the P2P industry; the SFC is responsible for the supervision of the public sector.

People in the P2P industry said to the first financial daily, in mid July, the central bank convened a number of Internet financial companies to meet, and communicated with the "guiding opinions" that had not yet been published, including representative enterprises.

According to the circulated "guidance", it has been completed. policy We are waiting for the launch. In October 20th, Chen Baoguo, President of Guangdong Internet Finance Association, said that before the end of the year, the central bank will formally introduce the guiding opinions. It is said that the "guidance" will constrain and guide the growth of Internet finance over the past two years. The disorder and chaos in some areas will be improved, and Internet finance will return to a reasonable and standard track.

Lead the preparatory process

"Internet Finance The association is still in the preparatory stage. These close to the central bank to the first Financial Daily reporters revealed that Internet Financial Association is difficult to set up during the year. Unlike the Internet Finance Specialized Committee (hereinafter referred to as the "special committee") that has been established by the Association for payment and liquidation, the Internet Finance Association, which is being prepared, is led by the central bank division.

These close to the central bank people to the first Financial Daily reporter said, the Internet Finance Association's establishment procedure is divided into two stages: first, we should develop people's Association and initiate members to sign and seal the initiator agreement. The agreement requires 8 materials to be sent to the Ministry of civil affairs, and 6 months after the approval of the Ministry of civil affairs. Second, after the end of the preparatory period, the central bank will take the lead and convene all the members. After the meeting, it means passing resolutions to announce the establishment of the association.

The Internet Finance Association is still in its first stage, the people said. "The number of members is generally more than that of the initiators, and it will absorb new members."

As early as June this year, Yu Li, director of the Financial Market Research Office of the Financial Research Bureau of the people's Bank of China, told the first Financial Daily reporter: "the Internet Financial Association established by the central bank law division has been submitted to the Ministry of civil affairs for approval and will be established soon. The establishment of industry associations to carry out self regulatory management is the first step in the regulatory process, and the association will take the lead in the industry.

Yu Li revealed that the central bank has set up an Internet Financial Association. The division is conducting research on industry regulatory rules. The central bank will introduce a general policy to guide Internet finance.

How to supervise the division between the association and the special committee

On the one hand, on the one hand, the Internet Finance Association will soon be established by the central bank. On the one hand, the Internet Finance Specialized Committee, which has been established by the clearing and clearing Association, will be divided into two parts in the future.

These close to the central bank people said: "the payment and liquidation Association supervision mainly includes third party payment, bank and financial company's self-discipline. We set up the Internet finance special committee, which is also for the purpose of research, and set up some self-discipline payment management system. First of all, we should respect the relevant policies of the State Council, the people's Bank of China and the China Banking Regulatory Commission. On this basis, we will establish some rules such as self-regulation of industries and market spontaneity.

According to the source, the special committee set up by the central bank's Association for payment and liquidation is mainly self-discipline. "Self-discipline is mainly to refine and transform policy formulation, and make it more innovative, so as to better suit some rules of enterprises. Before the policy is promulgated, we may restrict ourselves to some extent and become a system of industry to some extent.

If the Internet Finance Association is in conflict with the special committee after the establishment of the Internet Finance Association, the source said that the central bank will coordinate and coordinate the relationship between them, and said that at present, more than 90 members of the special committee will further expand the absorption of new members in the future.

The Internet Financial Association will include banks, securities, insurance, funds, P2P and some public funding platforms. Its sponsors are slightly different from the members of the special committee.

　 P2P needs urgent supervision

The above-mentioned people mentioned the regulatory details, and the special committee set up before has not absorbed new P2P institutions, because this threshold may make the valuation of P2P platform grow. The sponsors of the special committee include 10 P2P platforms, so far the special committee has not yet attracted the entry of the new P2P platform.

In his view, the hidden threshold of P2P industry is actually higher. At present, there are more than 1300 P2P institutions in the country. "When the special committee was established for a year, only more than 100 platforms were registered for information registration in the special committee." In his view, we should correctly view the P2P industry shuffling behavior, and establish a regulatory system as soon as possible.

Yesterday, the executive director of Fuhua holding company and the financial credit CEO Pengfei to the first Financial Daily reporter said that the P2P industry as a newly rising industry needs to strengthen supervision. "In any industry, when it is just rising, it is all mixed up, lacking supervision. The P2P industry welcomes supervision." As the industry matures, the untrusted P2P platform will be phased out. After a period of baptism, the industry will move towards a regular development path.

Peng Fei said that the core and essence of Internet finance is still finance. No matter how it develops, it is inseparable from the necessary supervision and risk control and risk measurement similar to traditional financial institutions. At the same time, the most inseparable is still the awe of every financial service institution.