Shenzhen Issued Guidance On Internet Financial Development

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< p > Shenzhen has recently issued the development guidance for supporting the Internet < a href= "http://sjfzxm.com/news/index_s.asp" > financial innovation < /a >.

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< p > opinion points out that we should promote the development of Internet and < a href= "http://sjfzxm.com/news/index_s.asp" > Finance > /a > industrial convergence, and support eligible institutions to initiate the establishment of an innovative network financial institution based on the Internet as carrier and sales channel according to law.

We will support diversified cooperation between financial institutions and Internet companies, innovate product services and business models, and foster new forms of Internet banking.

Encourage financial institutions to use the Internet cloud computing, mobile communications, big data and other technical means to change the traditional financial operation mode and institutional mechanism, comprehensively enhance the breadth and depth of services; support Internet enterprises to initiate or establish shares of commercial banks, securities, funds, futures, insurance, consumer finance, automobile finance, financial leasing, and < a href= "http://sjfzxm.com/news/index_s.asp" > financial business /a < > financial institutions.

It supports Internet companies to hold or participate in microfinance, financing guarantee, financing lease, pawn investment, equity investment, factor platform and other new financial institutions through sponsorship, merger and reorganization.

It supports Internet companies to initiate or participate in the establishment of third party payment, mobile payment, crowd raising financing, e-commerce finance and so on, relying on the Internet technology and the advantages of online and offline resources.

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< p > opinions indicate that we should support the innovation of Internet financial operation mode, mainly including encouraging Internet finance to carry out business innovation, supporting the third party payment institutions and financial institutions to jointly build a secure and efficient online payment platform, carrying out online payment, cross-border payment, relocation payment and other businesses; increasing the guidance and cultivation of Internet financial enterprises' listing, and encouraging more qualified high-quality enterprises to list and raise funds.

Support Internet financial enterprises to explore asset securitization business, broaden the sources of funding channels, support commercial banks, trust investment and financial leasing institutions and Internet financial enterprises business cooperation, explore the third party capital custody, pledge financing loans and other businesses.

Support insurance institutions to implement performance guarantee insurance business and other insurance modes that meet the needs of Internet pactions.

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Besides, P also proposes to increase policy support for Internet finance, such as supporting the registration of Internet financial enterprises, allowing Internet financial enterprises to use the Internet financial services in the name and scope of business registration, in addition to those approved by the state financial regulatory authorities, and increase the awards for the establishment of Internet Financial enterprises, and innovate the way of financial investment in Internet financial investment.

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At the same time, P has made a plan for building a good internet financial support system, and actively promoted the eligible Internet financial enterprises to access the PBC credit information system.

We also stressed the need to establish an internet financial risk prevention and control system, to build Shenzhen's Internet Financial Industry Association, to formulate self-regulation conventions, to strengthen industry self-discipline norms, to maintain healthy development of the industry, and to strengthen Internet financial risk prevention and control.

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