Although P2P lending is still a new field, after just a few years of development, it has become a trillion-dollar market with nearly 2,600 platforms and an important part of the mutual gold industry. As one of about 40 representative online lending institutions, An Credit was fortunate to be invited to attend the meeting and get in touch with the high-level planning and guidance for the development of the Internet finance industry.
Focusing on the theme of this activity, "Learning policies and regulations, preventing financial risks and standardizing the development of Internet finance", the leaders and guests at the meeting elaborated on topics such as risk control, policy interpretation, industry standards, industry status and development prospects, which set a clear tone for the future growth of the Internet finance industry.
risk control
Li Dongrong, former vice governor of the central bank, Wu Xiaoling, an authoritative think tank in the industry, and Zhang Tao, director of the Law Department of the People's Bank of China, respectively emphasized the primary role of risk prevention in the development of the industry.
The association established Li Dongrong, the leader of the leading group and former vice governor of the central bank.
In his mobilization speech, Li Dongrong first affirmed the positive role of Internet finance in economic development, and emphasized that Internet finance is not divorced from the essence of finance, and preventing risks is the eternal theme of the industry. As a self-regulatory organization of social industry, the association will assume the responsibility of formulating management rules and industry standards; Its main responsibility is to prevent and resolve Internet financial risks and standardize the development of Internet finance. In particular, he pointed out that the core of the development of the internet finance industry lies in "learning laws and regulations, preventing risks and promoting development", which urges participating institutions to protect the industry as they protect their own eyes while respecting.
Wu Xiaoling, a member of the National People's Congress Standing Committee (NPCSC), once again made it clear that the application of Internet technology in the financial industry has not changed the essence of finance. We should accurately understand the essential attributes of various Internet financial products and have awe of the legal red line of finance.
Zhang Tao, Director of the Legal Department of China People's Bank, emphasized the importance of risk prevention to the development of the industry from the aspects of policy risk, moral risk and technical risk.
Policy interpretation
Yang Chunyan, deputy director of the Network Security Coordination Bureau of the Central Network Information Office, and Wang Jin, director of the Department of Law and Law of the People's Bank of China, as the lead institutions in formulating management rules, respectively interpreted the Guiding Opinions on Promoting the Healthy Development of Internet Finance issued at the end of 20 15 in detail. This is the first official interpretation of the guide, which has enhanced the understanding and understanding of the policy by participating institutions.
Professional standards
As a trillion-dollar emerging field, the Internet finance industry urgently needs a unified and standardized standard system for normative guidance. Wang Yonghong, director of the Science and Technology Department of the People's Bank of China, also gave a special lecture to the participating institutions. Up to now, the Association has basically completed the construction of Internet finance standard system framework, which is divided into five categories: general basic standards, product service standards, operation management standards, information technology standards and industry management standards. From the horizontal (business form) and vertical (business management) dimensions, it is subdivided into 45 secondary standard subclasses; According to the two main lines of business model and business process, the specific standard of 152 is formed.
In addition, the "information disclosure standard" that the industry has been paying attention to has also been formed. The Internet financial standards being formulated also include Technical Specifications for Personal Information Protection of Internet Finance, Technical Requirements for Internet Financial Cloud Computing Security, and Disaster Tolerance Specifications for Internet Financial Cloud Computing.
Industry position and development prospect
Regarding the positioning and development prospects of the Internet finance industry, Sheng Songcheng, Director of the Supervision Department of the Central Bank, first explicitly included Internet finance in the statistical scope of the Central Bank, and affirmed the important role of Internet financial data in reflecting the scale of social financing, strengthening macro-control and maintaining financial stability. He said: "The balance of Internet financial financing is more than 430 billion, accounting for 0.3% in the statistical indicators of social financing scale, but accounting for as much as 40% in other projects in the table. The growth rate is fast and the proportion will be higher and higher. " Sheng Songcheng affirmed the important supporting role of social financing in supply-side reform, and made it clear that the inclusion of peer-to-peer lending in social financing data will more accurately reflect the contribution of social financing to the real economy.
Sheng Songcheng, Director of the Coordination Department of the Central Bank
Yao Yudong, director of the Financial Research Institute of the People's Bank of China, said that during the 13th Five-Year Plan period, the P2P balance will reach 8 trillion, and the number of platforms will reach 1 10,000. Yao Yudong predicted that there would be a funding gap of about one trillion yuan during the 13th Five-Year Plan period, which should have been made up by private banks. But now the approval speed of private banks is too slow, and the enthusiasm for application has declined. "If you lack one trillion capital, you will lack eight trillion to ten trillion capital, which is based on the financing needs of the real economy. This branch is mainly based on online financial loans, so there will be huge room for development. "
China Internet Finance Association was established with the approval of the State Council in April 20 14, and formally submitted to the State Council for approval through the Ministry of Civil Affairs in August 20 15. It is a first-level association under the central bank. After the establishment of the association, it will play an important role in developing industry self-discipline, promoting the formation of unified service standards and rules in the industry, and guiding Internet financial institutions to prevent and resolve risks. Guide and urge the standardized and orderly development of the Internet finance industry. As an Internet finance enterprise, only by embracing supervision with the development attitude of the Internet can the financial industry, which is the lifeline of the national economy, develop steadily.
20 16 will be a standardized and turbulent year for the internet finance industry. Under the double constraints of government macro-control and industry norms, P2P platform will naturally strengthen self-discipline and step into the road of standardized development. However, with the tightening of supervision, industry competition will intensify and reshuffle will be further accelerated. Only a high-quality platform can survive in the waves.
The number of online lending companies invited to participate in this meeting is less than 10% of the total number of participating companies, accounting for 1.5% of all online lending platforms. As one of the representatives of participating online lending enterprises, An Credit will actively embrace regulatory requirements in the future and make timely adjustments to provide users with more refined investment and financing services. The most important goals are the choice of business model (mainly real estate mortgage loans), the locking of business areas (Beijing and Shanghai), the construction and maintenance of technical systems and the control of total amount and scale. Grow up with the Internet finance industry in a more standardized, transparent and secure way.