China Central Bank's Protection and Restriction of Internet Finance
ANBOUND
Recently, China's central bank is conducting various investigations on internet finance and some policies might be announced to regulate the development of this area. While the remarks made by the regulation department representative on the internet finance appeared positive, the agency has imposed restrictions on certain areas. This in turn, defines the illegal and indirect provisions for public deposits in the internet. Anbound predicts that in order to promote the healthy development of the financial industry, the regulation authority would enhance this policy by protecting and restricting the area of internet finance.