On December 31, the website of China Banking and Insurance Regulatory Commission (CIRC) released that the responsible persons of relevant departments answered reporters' questions on recent media concerns.When it comes to the attitude of Internet platform enterprises to carry out businesses such as small loans, insurance and financial management, the above-mentioned person in charge said that the digital economy is changing the way of production and life of human beings as never before, and the digital transformation of the financial field is facing major opportunities and challenges.
The deep integration of technology and finance has expanded the coverage of financial services, improved the efficiency of financial services, and improved the level of risk prevention and control. At the same time, the rapid development of financial digitization is also increasing
It has brought problems such as network security, market monopoly, unclear ownership of data, protection of consumers' rights and interests, and affected market fairness and financial stability. For the development of financial technology, the CIRC has always adhered to the attitude of encouraging innovation and sticking to the bottom line of risk, and grasped the dynamic balance between innovation and supervision.
He said that recently, the four ministries and commissions of the central financial management once again interviewed ant group and announced the key contents. The outstanding problems and rectification requirements emphasized are not only individual, but also universal.
It is suggested that all Internet platforms should check and rectify as soon as possible. In particular, institutions involving online small loans, insurance, financial management, trust and other businesses should pay more attention, and the regulatory authorities will arrange inspection afterwards. We would like to emphasize a few more points
First, financial innovation must be carried out under the premise of prudential supervision. Financial innovation must be conducive to serving the real economy, facilitating people's production and life, preventing risks, and protecting the legitimate rights and interests of investors. We should adhere to the essential requirements of serving the real economy and the people, and make financial science and technology an important force to boost domestic and international double circulation.
Second, strictly implement supervision.
All financial activities must be fully regulated in accordance with the law, be licensed, and resolutely stop illegal regulatory arbitrage.
There is a transition period, but the general direction can not be changed. We must resolutely encourage fair competition, vigorously break monopoly, prevent disorderly expansion of capital, and promptly and strictly punish violations of laws and regulations. We will severely crack down on "pseudo innovation" and "random innovation", and "zero tolerance" for all kinds of illegal activities.
Third, treat all kinds of subjects equally. We should protect property rights in accordance with the law, promote entrepreneurship, and stimulate the vitality of market players and social creativity. We should protect the property rights and independent management rights of state-owned, private, foreign-funded and other ownership enterprises equally according to law, protect the legitimate rights and interests of entrepreneurs according to law, and safeguard fair competition through fair supervision.
Fourth, we should earnestly safeguard financial stability and security. We should properly handle the relationship among financial development, financial stability and financial security, ensure that financial innovation is carried out under the premise of prudential supervision, and firmly hold the bottom line of no systemic risk.
China's financial technology application is generally in the forefront of the world, and there is no ready-made experience to learn from in laws, regulations and risk supervision. For financial technology supervision, we must adhere to the principle of legal compliance, implement the spirit of the rule of law, improve the supervision system, make up for the shortcomings of the system, constantly adapt to the development trend of financial digital transformation, and enhance the pertinence, applicability and operability of supervision measures.