According to the Internet Finance Association, all kinds of financial institutions and payment institutions engaged in the Internet financial business should strictly comply with the state financial laws and regulations, and may not provide services for such illegal financial transactions.
The following is the full text of risk tips
Risk warning on preventing illegal financial transactions through internet platform
Recently, according to the monitoring by the financial regulatory authorities and the China Internet Finance Association, it has been found that there has been an increase in the number of leveraged transactions involving a variety of financial products illegally through various network platforms, among which large hidden risks exist in financial and social risks. To help the public understand the investment risk and protect their own legitimate rights and interests, the following are the relevant risk issues:
I. Domestic institutions engage in the trading of foreign exchange, precious metals, futures, indices and other products (including cross-border) without the approval of the financial regulatory authorities in China through all kinds of internet platforms, such as Internet websites, mobile communication terminals and application software, Regulators approved the provision of foreign exchange, precious metals, futures, indices and other product transactions to domestic customers through various internet platforms, such as Internet sites, mobile communication terminals and application software, all of which are illegal. At present, the network platforms (including cross-border) engaging in leveraged transactions such as foreign exchange and precious metals are not legally established in our country and the financial regulatory authorities have never approved the establishment of an online platform for the aforesaid trading business. Both parties' rights and interests in participating in these platform transactions Not protected by law. Therefore, the investment activities involved in such platforms face greater risk.
All kinds of financial institutions and payment institutions engaged in the Internet financial business should strictly abide by the state financial laws and regulations and may not provide services for such illegal financial transactions. Association calls for: the public should recognize the nature of illegal financial transactions, consciously resist the high temptation to increase the sense of self-protection, away from illegal trading, beware of transactions caused by their own property violations, such as found clues to criminal activities should be immediately The competent department shall report or report to the public security organ.
Second, China Internet Finance Association member units should strengthen self-discipline, resist illegal financial transactions, do not provide services.
China Internet Finance Association
November 10, 2017access: