Clear regulatory thinking: Internet finance is still the biggest battlefield

In the "2014 Banking Development Forum", topics from regulatory innovation to business exploration, but concerned about the hot spot has never left the Internet finance. Judging from the current situation, the major banks are actively preparing for Internet finance, and an appropriate regulatory system is also under investigation.

Online and offline business to be consistent

"Practice has proved that internet finance serves the real economy well and provides financial conveniences for small and micro-enterprises and individuals. Regulators encourage the development of internet finance, promote moderate supervision and pay attention to and advocate the corresponding regulatory principles." CBRC Innovation and Supervision Department Director Wang Yan Xiu said at the meeting.

Wang Yanxiu referred to the regulatory principles, detailed point of view is divided into the following four points: First, to encourage financial innovation, combined with the characteristics of Internet finance, the implementation of differential regulation. As Internet finance involves a large number of groups and has a systemic impact, it should have the same standards and regulatory requirements for formal financial institutions. However, for Internet financial institutions that provide microfinance services for specific groups, a multi-layered and flexible regulatory system should be implemented to provide a benign development environment and avoid over-charging regulatory costs.

Second, the Internet financial regulation should be based on the principle of regulation as a starting point, improve the regulatory system. The so-called principle of regulation is to clearly define the red line of the business boundary and risk of Internet finance. Following the principle of consistency between online and offline businesses, it is not allowed to operate in a mixed way. On this basis, the financial rules can be gradually refined to build a regulatory system suitable for the development of Internet finance.

"The main financial rules are the capital constraints of financial institutions under the Basel agreement, followed by the implementation of financial regulation and disclosure," said Wang Yanxiu.

Wang Yan Xiu further explained that to strengthen the letter Phi, improve transparency, is the necessary means to protect the investors. Among them, the protection of investors is mainly reflected in the risk disclosure, financial security, bank account information security and customer's own information protection.

Third, protecting the legitimate rights and interests of investors is the starting point for financial innovation. Wang Yan Xiu stressed that Internet financial enterprises can not only focus on short-term profitability, but should explore sustainable profitability model. "Sustainable development is not a year or two, at least five to ten years. Banking industry's century-old is a strict regulatory system and risk control, Internet financial companies should also have a long-term vision."

Big line layout Internet finance

The Internet financial craze, driven by "baby" Internet wealth management products and online credit, has been continuously transmitted to the traditional banking industry. Large state-owned banks have also laid out their layouts. The state-owned big bankers and executives at the meeting yesterday talked about their own Internet development plan.

ICBC president Yi Hui Man revealed that one of the key development priorities of ICBC in the next step is to improve the service mode based on Internet thinking and promote the integration of online and offline services.

Yi Hui Man said that commercial banks need to make great efforts to create different from the traditional service model of Internet financial service platform, in order to achieve the "payment + credit" intermediary to the "payment + credit + information" intermediary changes.

"From the perspective of future trends, mobile financial services are likely to become the core innovation direction of Internet finance and the mainstream service model of future banks. Through the combination of various smart devices and new technologies, it will enhance the customer experience and achieve the goal of online and offline Seam connectivity and closed-loop operations to provide channels and support for the bank outlets from the 'business process-oriented' to 'marketing services-based' laid the foundation for change. '

Chen Siching, the president of Bank of China, also gave the next step of the layout. Chen Siqing said that through the collaboration of channels, Bank of China will make the online and offline channels accessible and interactive so that banking services can meet customer needs anytime and anywhere. Moreover, using big data and open cooperation , To build a network service platform to reconstruct business models and business processes through cross-border integration.

In contrast, vice president of China Construction Bank Yang Wensheng from the customer, product, marketing, three aspects of transition strategy. Yang Wen Sheng said that the development of inclusive finance will be CCB's customer strategy. "Wexiao and the services provided by agriculture, rural areas and farmers are the key issues. The development of Internet finance has reduced the operating costs of this part."

"Financial products are constantly innovating, but their essence is still financial. There are still two core attributes: one is for customer service, and the other is risk management. Innovation and regulation are driven simultaneously to promote sound financial development," said Yang Wen-sheng.

However, according to Fan Shuwen, deputy director of the PBC's Payment and Settlement Department who attended the banking industry's internet finance business, the banking industry is somewhat concerned about the development of Internet finance.

"Banks should not pay attention to Internet finance itself, but should pay close attention to what kind of impact its impact will bring to the bank." Fan Shuangwen said.

Fan Shuangwen explained that while there is a lot of talk about how Internet finance companies are about to win the banking sector, as the exit mechanism improves, the market will gradually become accustomed to the disappearance of individual banks. However, the entire banking industry can not be extinguished and the banking industry will still be the financial industry The main force, "At present, the banking industry's biggest rival is not Internet finance 'newcomers', but themselves."

Fan Shuangwen stressed that the banking industry should fully integrate the existing data resources. "Some banks often make greater data management and complain that their own customer data and information are not as comprehensive as the Internet finance. In fact, some of the banks' internal data are not shared even if more data are provided Useless. "