ANBOUND: Reasonable Restrictions on Internet Finance is Beneficial to the Industry
ANBOUND
There have been some market debates after the central bank strengthened its regulations on internet finance. ANBOUND think tank scholars believe that the internet finance firms need to enhance communication with the regulators and jointly seek an effective regulation. It is necessary to supervise internet finance so that relevant enterprises and practitioners are protected. Once greater risks occur in the financial industry, it is no longer a business issue but needs to bear legal responsibilities. Thus from this perspective, it is beneficial to all parties to impose reasonable restriction on the newly emerging internet finance.