SFC To Supervise The "Financial Artifact" Yu Ebao

< p > recently, the "financial artifact" < a href= "//www.sjfzxm.com/" > balance treasure < /a > was pushed to the cusp of the storm. First, it was called for a ban. After that, it was ushered in a regulatory magic spell.

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< p > yesterday (February 28th), Zhang Xiaojun, a spokesman for the securities and Futures Commission, said that in order to better promote the healthy and stable development of the Internet fund such as balance treasure, the SFC is studying and formulating the relevant rules for further strengthening the risk management of the money market fund and the supervision of the Internet sales fund.

This newspaper reported on February 28th that the China Banking Association has recently issued relevant documents to regulate the interest on bank deposits and also refers to the "balance treasure".

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< p > < strong > some organizations exist < a href= "//www.sjfzxm.com/" > Sales misleading < /a > /strong > /p >

< p > Zhang Xiaojun said that the balance treasure is the product of China's interest rate liberalization and the rapid development of the Internet. In essence, it belongs to the combination innovation of the third party payment business and money market fund products.

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< p > the SFC said that in the course of business development, some fund managers, fund sales organizations and fund sales and Payment institutions have problems such as irregular sales and publicity.

For example, some products do not explicitly reveal that money market funds are not equivalent to bank deposits, and can not guarantee that the fund will be profitable.

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< p > "strengthening supervision is always the theme, which is conducive to the healthy development of the industry".

Yesterday, Zhou Xiaoming, deputy general manager of Celestica fund, told the Beijing News reporters that the Commission's move is also conducive to the development of the balance treasure.

At the same time, Zhou Xiaoming disclosed that as of February 26th, the number of new users of balance treasure has exceeded 81 million.

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< p > in the view of Liu Jiazhang, senior strategist of Celestica fund, the SFC's rapid response to innovation far exceeds market expectations and "is advancing with the times".

"We are not afraid of regulation, regulation is not a restriction."

Liu Jiazhang said regulation is better developed for industry or innovative product models.

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< p > < strong > Internet < a href= > //www.sjfzxm.com/ > > Finance > /a > triggering supervision theory < /strong > /p >

< p > February 21st, Niu Wenxin, editor in chief and chief commentator of CCTV information channel, published his blog "banning balance treasure". He reprimanded the balance treasure as a "vampire" lying on the bank.

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"P" yesterday, Niu Wen Xin told the Beijing News reporters that his clampdown did not imply simple executive orders, but could also be used in the form of market and supervision. For example, the regulatory rules being formulated by the SFC are also a way of banning.

He believes that regulatory authorities can not simply strengthen supervision, and should not allow high-risk products to get high returns.

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< p > a few days ago, Liu Shiyu, deputy governor of the a href= "//www.sjfzxm.com/" and "central bank" /a, issued a signed article in Tsinghua financial review, pointing out that there are three major risks in Internet finance, such as unclear legal position, unclear location and the absence of the third party depository system of funds. There may be security risks, internal control system is not sound and may cause operational risks.

There is a need for proper regulation of Internet finance.

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< p > yesterday, Cao Fengqi, director of the securities and Futures Commission of Peking University, told the Beijing News reporters that although the Internet financial products such as balance treasure still had imperfections, they should not be banned and properly supervised.

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