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What does "Internet multiplication" mean?
Invest all the manpower, material resources and financial resources of the internet and develop into a diversified network! Get unexpected results with the lowest investment through different forms! This is the embodiment of multiplication principle!

In order to encourage financial innovation, promote the healthy development of Internet finance, clarify regulatory responsibilities and standardize market order, with the consent of the CPC Central Committee and the State Council, the People's Bank of China, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Finance, the State Administration for Industry and Commerce, the Legislative Affairs Office of the State Council, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission and the State Internet Information Office jointly issued the Guiding Opinions on Promoting the Healthy Development of Internet Finance (Yinfa [2066]No.).

Extended data:

Generally speaking, it is difficult to legislate for internet finance alone. Usually, some issues related to Internet finance are stipulated in other laws or rules.

Internet finance has no legal provisions, that is to say, the current law has no provisions on Internet finance, but there are some provisions. Liu Shaojun, a professor at China University of Political Science and Law and director of the Financial Law Research Center of China University of Political Science and Law, said.

Yin Zhentao, deputy director of the Law and Finance Research Office of the Institute of Finance of China Academy of Social Sciences and secretary-general of the Research Base of Financial Law and Financial Supervision of China Academy of Social Sciences, believes that the management of Internet financial business needs the rule of law and the framework of the rule of law, including legislation and supervision. Legislation is at the legal level, and supervision is a departmental regulation, which can all be classified as the rule of law.

For general financial business, the rule of law is relatively perfect, with top-level laws and regulatory rules. For the Internet financial business, the current regulatory rules, that is, the supervision at the specific practical level, are insufficient, and there are also deficiencies at the legal level.

References:

Baidu encyclopedia internet finance