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China Internet Finance Association to Prudently Advance Selection of Internet Loan Self-Discipline Committee Members
2026-11-11 15:50:27 The third meeting of the preparatory group for the Internet Loan Self-Discipline Working Committee under the National Internet Finance Association of China was recently held in Beijing. The association's secretariat chaired the meeting, with preparatory group members including Du Xiaoman, Ant Technology, TENCENT (00700.HK), JD Technology and Douyin attending. The meeting reviewed and approved the preparatory work report and agreed to submit the proposal for the establishment of the working committee in accordance with procedures. The meeting noted that since its establishment, the preparatory group has focused on the internet-assisted lending sector, closely monitored industry developments, actively promoted policy implementation, researched and submitted multiple special reports on hot and frontier issues, and organized special audits on risks involving the misappropriation of credit funds, aiming to guide the standardized and healthy development of loan facilitation platforms through high standards and stringent requirements. The meeting emphasized that the working committee serves as a mechanism to organize and implement self-regulatory management for loan facilitation platforms. Member entities should demonstrate strong compliance willingness and maintain high compliance standards. Strict admission criteria should be enforced and the selection of member entities should be advanced prudently under higher standards and stricter requirements. Meanwhile, self-regulatory management of member entities should be strengthened through information reporting, self-disciplinary inspections, special audits and annual assessments and evaluations. (jl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |