‘s 2016 No. 113
people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government:
"through the Internet to carry out asset management and cross-border financial services to carry out the work of special rectification program" has been approved by the State Council, are hereby issued to you, please earnestly implement.
accessories: through the Internet to carry out asset management and cross-border financial services to carry out the work of special rectification program
Central Propaganda Department of the people’s Bank of China, the central stability of
national development and Reform Commission, Ministry of industry and Information Technology Ministry of public security
Ministry of finance, Ministry of housing and urban construction administration of industry and Commerce
State Council Legislative Affairs Office of China Banking Regulatory Commission SFC
China National Insurance Regulatory Commission letter of the State Bureau of letters and visits
Supreme People’s Court Supreme People’s Procuratorate
April 14, 2016
through the Internet to carry out asset management and cross-border financial services to carry out the work of special rectification program
to implement the Party Central Committee and State Council decision to carry out cross-border asset management through the Internet and engaged in financial business (P2P lending network, the congregation to raise equity, Internet insurance, the third party payment provisions) risk rectification work, according to the "guiding opinions on promoting the healthy development of Internet banking" and "Internet financial risk rectification the implementation of the work programme", the enactment of this scheme.
first, work objectives and principles
(I) work objectives.
according to the qualitative should be accurate, clear, responsibility to remediation remediation measures to the requirements, adhere to the combination of prevention and control through the supervision and rectification of a group, such as ban shutting down a number of measures, encourage innovation and protect the benefit, the formation of positive incentives, right. At the same time establish and improve the industry rewards and punishment mechanism, reporting mechanism, information disclosure and investor protection mechanism, to achieve the same standards and innovation, and promote the healthy development of the industry.
(two) working principle.
adhere to the real penetration, clear division of responsibilities. Combined with the licensing status of the business and the main business characteristics, to adopt a "penetrating" regulatory approach, through the definition of the nature of the business nature of the surface, the implementation of regulatory responsibility. Provincial management of business, registered by the relevant departments to take charge of the renovation work, the operating location of the local people’s government and the financial management departments should strengthen cooperation.
adhere to the full coverage, the implementation of tiered remediation. According to laws and regulations and the relevant rules and regulations of the financial industry, the use of modern technical means to carry out a wide range of related enterprises to investigate, to achieve full coverage of risk regulation and supervision. Combined with the nature of the business and the severity of illegal, by the lead department issued rectification opinions, the circumstances are relatively minor urge rectification deadline, the case was transferred to the public security organs and other relevant departments in accordance with the law.