男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Chinese securities regulatory official calls for improved legislation for FinTech supervision

Xinhua | Updated: 2017-12-24 13:00
Share
Share - WeChat
An employee of China Construction Bank showcases the bank's new online business at an exhibition in Guiyang, capital of Southwest China's Guizhou province. [Photo/Xinhua]

BEIJING - A senior official of China's securities watchdog has called for improved laws on capital markets as rapidly developing financial technology, or FinTech, is posing challenges to traditional financial supervision.

"FinTech innovations that feature internet, big data and artificial intelligence are exerting profound influence on capital markets," said Huang Wei, assistant chairman of the China Securities Regulatory Commission, at a forum.

Describing the challenges as "unprecedented," Huang stressed legal systems should catch up with technological advances.

Tech-based financial transactions should be clearly identified to ensure all deals are under targeted supervision, Huang said, adding that regulatory methods should also tolerate mistakes and allow for corrections. "There should be room for regulators to encourage and guide FinTech development."

Huang stressed, however, that violations in the disguise of FinTech will face severe punishments in a bid to protect investors and defend market equity. "[We will] maintain a bottom line of no systemic risks."

FinTech is booming in China where the financial sector has been open to new technology from mobile payments to online lending.

Business services group EY said in a report that China outperformed India and Britain to rank first among 20 major markets in terms of FinTech usage in areas including money transfers, investments, borrowing and insurance in August.

However, risks have also emerged.

Having reined in rampant peer-to-peer lending and insecure cash loans, Chinese regulators are moving fast to keep abreast with the latest developments and protect market order.

The People's Bank of China, the central bank, set up a FinTech committee earlier this year to enhance research, planning and coordination in the field.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 巢湖市| 林西县| 铜山县| 桓台县| 金乡县| 共和县| 泰和县| 沙湾县| 教育| 台安县| 耿马| 浦东新区| 宜川县| 梨树县| 桃园市| 泰宁县| 济源市| 焉耆| 文昌市| 秦安县| 资阳市| 顺平县| 海盐县| 黄浦区| 海伦市| 黑山县| 瓮安县| 揭东县| 普格县| 潮安县| 昌邑市| 寻甸| 丰顺县| 襄城县| 濮阳市| 随州市| 通城县| 永和县| 静海县| 得荣县| 团风县|