Online and offline consistency principle

The principle of online and offline consistency is a regulatory principle proposed for the Internet, which requires consistent online and offline regulatory standards.

The so-called regulatory standards mean that our risk bottom line is to protect the interests of financial consumers and investors and guard against regional and systemic risks. Clear business boundary and risk red line, and put an end to mixed operation. This also reflects from another aspect that China has always supported and encouraged the development of the Internet. Generally speaking, the Internet regulatory environment in China is much more relaxed than that in any foreign country.

The regulatory authorities generally maintain an attitude of supporting innovation and encouraging, and the regulatory authorities will gradually refine financial rules according to the development of the industry. The basic principle of Internet supervision is to encourage financial innovation and implement differentiated supervision in combination with the characteristics of the Internet. Give full play to the innovative vitality of internet finance, which has the characteristics of private finance and should be restricted within the framework of existing laws and management rules.

Internet finance should be properly supervised and coordinated according to its characteristics, and "one line, three meetings" should have an Internet coordinated supervision. From the development practice of China, the innovation of Internet finance business has reached the international advanced level, and many business models and development products are not even available in developed countries, which also reflects that China has always maintained a supportive and encouraging attitude towards the development of the Internet.

Generally speaking, the Internet regulatory environment in China is much more relaxed than that in any foreign country.

We still take the principle of "online and offline consistency" as the starting point for Internet supervision and gradually improve it. Regular supervision system, aiming at the emerging phenomenon that Internet channels are used in the field of dealers, the Internet is the channel and medium. It is impossible for the Internet to reduce the inherent attributes of finance, and it still needs to comply with the consistent online and offline regulatory standards, and there should be no special regulatory treatment on risks. Therefore, the regulatory thinking should be based on Internet strategy, but the overall regulatory system should be based on financial risk supervision.

The so-called regulatory standards mean that our risk bottom line is to protect the interests of financial consumers and investors and guard against regional and systemic risks. Clear business boundary and risk red line, and put an end to mixed operation. Therefore, the regulatory authorities will gradually refine the financial rules according to the development of the industry. China Banking Regulatory Commission has been engaged in the research of Internet P2P financial laws and regulations, and strengthened information disclosure, improved transparency and protected the rights of financial consumers in accordance with online and offline rules. The existing laws and regulations, including the superior law, including the banking supervision law, should be carried out in accordance with the corresponding laws and regulations. Pay attention to information disclosure and improve transparency.