Internet Financial Subversion Is Harmful And Classified Supervision

The Internet financial industry is booming this year. Many internet professionals also say that the Internet will subvert the existing financial sector.

Yesterday, Pan Gongsheng, deputy governor of the central bank, said that some social rhetoric "Internet financial revolution to traditional financial industry" would "subvert the existing financial industry" and other arguments, which would be harmful to the development of the industry.

Pan Gongsheng made the remarks at yesterday's 2014 China payment clearing and Internet Finance Forum, which is the first time that it has made a sound after taking over the business of payment and settlement division.

Prior to the central bank's payment and settlement division, Liu Shiyu, the former deputy governor of the central bank, was pferred to the Agricultural Bank as secretary of the Party committee by the end of October this year.

Pan Gongsheng take over

The first voice of the liquidation Division has also attracted the attention of all parties, especially for the Internet financial industry.

The financial industry has always been the most stringent regulatory industry, but Internet finance has not been introduced for several years since its establishment.

In the absence of

In recent years, Internet finance has shown explosive growth in the form of Internet payment, P2P, equity financing and sales of Internet financial products.

Data show that as of the end of 9, there were 269 third party payment institutions in China, the total payment amount was 24 trillion and 100 billion yuan in the first three quarters, the national P2P network lending platform was more than 1400, the financing balance exceeded 110 billion yuan, and there were more than 20 active public shareholding platforms in the whole country.

Many Internet Financial personages also claim that Internet finance can subvert the existing financial industry.

"We must soberly realize that if an industry is overconfident and complacent, it may be an immature and irrational performance, and it is not conducive to healthy and sustainable development.

It is hoped that the Internet financial institutions will operate smoothly and operate prudently, so as to show the society a good image of the Internet financial industry.

Pan Gongsheng pointed out.