10 The Guiding Opinions on Promoting the Healthy Development of Internet Finance (Yinfa [2015] No.221) jointly issued by the ministries and commissions requires that the People's Bank of China, together with China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and other relevant state ministries and commissions, establish a national-level self-regulatory organization for the Internet finance industry.
Extended data:
The responsibilities of China Internet Finance Association include:
1. Organize, guide and urge members to implement national policies and guidelines on Internet finance, abide by relevant laws, regulations, rules and regulatory documents issued by regulatory authorities, and standardize business practices.
2. Formulate and organize members to sign and implement industry self-discipline conventions, advocate fair competition and safeguard industry interests. Communicate and negotiate, study and solve the problems existing in the Internet financial service market, establish a dispute and complaint handling mechanism and a punishment and feedback mechanism for violating the company's articles of association and self-discipline convention.
3. Coordinate the relationship between members, associations and their members and relevant government departments, assist the competent authorities to implement relevant policies and measures, and play a role as a bridge.
4. Organize industry surveys, formulate industry standards and business norms, and provide advice and suggestions on medium and long-term development planning of the industry. Collect, summarize, analyze and regularly publish industry basic data, carry out comprehensive statistical monitoring and risk early warning in the field of Internet finance, and provide information sharing and consulting services. Research innovative products and innovative businesses in the Internet finance industry.
5. Actively collect, sort out and study risk cases in the field of Internet financial services, and promptly remind members and the public of relevant risks.
6. Formulate business and technical standards, professional ethics and consumer protection standards in the field of Internet finance, supervise their implementation, and establish a complaint handling mechanism for consumers in the industry.
7. According to the needs of the development of the industry, we will provide continuous education and business training for employees to improve the quality of Internet finance employees.
8. Give full play to the overall promotion function of the industry, popularize Internet finance knowledge, and advocate inclusive and innovative Internet finance concepts.
9. Organize members' business exchanges, mediate members' disputes and check members' business behaviors.
10. Participate in international exchanges and strengthen international exchanges and cooperation on behalf of Internet financial service institutions in China.
Baidu Encyclopedia-China Internet Finance Association