Beijing, April 29 (Xinhua) in order to thoroughly implement the spirit of the Fifth Plenary Session of the 19th CPC Central Committee, the central economic work conference and the ninth meeting of the central finance and Economics Commission, further strengthen the supervision of network platform enterprises engaged in financial business, strengthen anti-monopoly and prevent disorderly expansion of capital, and promote the healthy and sustainable development of platform economy, the people's Bank of China The Banking Regulatory Commission, the China Securities Regulatory Commission, the State Administration of foreign exchange and other financial management departments (hereinafter referred to as the "financial management departments") jointly conducted supervision interviews on some network platform enterprises engaged in financial business, and pan Gongsheng, vice president of the people's Bank of China, presided over the interview. The actual controllers or representatives of 13 network platform enterprises including Tencent, duxiaoman finance, Jingdong finance, byte beat, meituan finance, Didi finance, lufax, Tianxing digital technology, 360 digital technology, sina finance, Suning finance, Gome finance and Ctrip finance attended the interview.
The financial management department pointed out that in recent years, network platform enterprises have played an important role in improving the efficiency of financial services and the universality of the financial system, and reducing transaction costs. The overall trend of development is good, but at the same time, there are also widespread problems such as engaging in financial business without license or beyond the scope of license, imperfect corporate governance mechanism, regulatory arbitrage, unfair competition, etc Serious violations such as damage to the legitimate rights and interests of consumers. The network platform enterprises engaged in financial business in this joint supervision interview have comprehensive operation characteristics, large business scale, important influence in the industry, and typical problems exposed, which must be seriously corrected.
The financial management department stressed that the Party Central Committee and the State Council attach great importance to the healthy and sustainable development of network platform enterprises, and have made a series of important arrangements and put forward clear requirements for strengthening the financial supervision of platform enterprises and standardizing the order of platform economic competition. All network platform enterprises should seriously study and understand the spirit of the Party Central Committee meeting, attach great importance to their own problems, and conduct comprehensive self-examination and rectification against financial laws and regulations and various financial regulatory systems. To develop financial business, we should serve the real economy and guard against financial risks. The financial management department will seriously investigate and deal with the illegal operations according to law.
The financial management department puts forward the rectification requirements for the prominent problems in the financial business of the current network platform enterprises. First, all financial activities should be brought into financial supervision, and financial business must be licensed. Second, payment should return to its origin, disconnect the improper connection between payment instruments and other financial products, strictly control the expansion of non bank payment accounts to the public domain, improve transaction transparency, and correct unfair competition. The third is to break the information monopoly and strictly carry out personal credit business through licensed credit agencies in accordance with the law. The fourth is to strengthen the standardized management of key links such as shareholder qualification, equity structure, capital, risk isolation and related party transactions. Qualified enterprises should apply for the establishment of financial holding companies in accordance with the law. Fifthly, it is necessary to strictly implement the requirements of prudential supervision, improve corporate governance, implement the requirements of "two participation and one control" for investment and shareholding in bank insurance institutions, carry out Internet deposit and loan and Internet insurance business in compliance and prudence, and guard against the risks of internet mutual assistance business. Sixth, standardize the issuance and trading of asset securitization products and overseas listing. It is forbidden for senior managers and employees of securities fund institutions to hold cross posts to ensure the operational independence of the institutions. The seventh is to strengthen the financial consumer protection mechanism, standardize the collection and use of personal information, marketing promotion behavior and format text contract, strengthen supervision and standardize the financial business cooperation with third-party institutions.
Financial management departments require that network platform enterprises should fully understand the necessity and seriousness of self inspection and rectification work. We should establish a sense of compliance to strictly abide by the requirements of financial supervision, a sense of market to resolutely safeguard a fair competition environment, and a sense of service to protect the rights and interests of consumers as the core. With the goal of reassuring the party and the state, satisfying the people, and respecting the same industry, we should earnestly find problems and do a good job of rectification in a safe and orderly manner. During the period of self inspection and rectification, the normal operation and business continuity of the enterprise shall be maintained. The financial management department will maintain close communication with the network platform enterprises, fully listen to opinions and suggestions, and timely inspect the rectification. If the rectification is not in place or against the wind, it shall be seriously investigated and dealt with in accordance with the law.
The financial management department said that it will always attach equal importance to development and standardization, support and promote the platform economy to be upright, innovative and stable. On the one hand, firmly adhere to the "two unswervingly", protect property rights in accordance with the law, promote entrepreneurship, stimulate the vitality of market players and scientific and technological innovation ability, promote platform enterprises to continuously improve financial services, consolidate and enhance international competitiveness; On the other hand, we should adhere to strict and fair supervision, treat all kinds of illegal financial activities equally, and "zero tolerance", protect data property rights and personal privacy, and resolutely maintain the order of fair competition in the financial market.
The enterprises participating in the interview said that they would attach great importance to self-examination and rectification work, and under the guidance of financial management departments, they would comprehensively meet the financial regulatory requirements, formulate rectification plans, and conscientiously implement them. While making every effort to ensure the compliance and continuity of financial business, we will continue to adhere to the origin of serving the real economy and the people, further enhance social responsibility, and maintain a fair competition market environment.
