In remarks at a symposium marking the tenth anniversary of the China Internet Finance Association, People's Bank of China Deputy Governor Tao Ling set out priorities for the association's next phase, calling for stronger internal governance, more complete self-regulatory rules, a stronger self-regulatory role for the industry, and closer support for financial supervision. Tao said this should build on the central bank's approach over the past decade of stronger regulation, risk prevention, and sector development, under which internet finance firms were pushed to learn from past risk episodes, operate lawfully and in compliance, and fully accept financial oversight. She also said member institutions should strengthen rule-of-law awareness, corporate governance, internal management, standardized business conduct, and risk prevention and control.
Central Bank of the Republic of China2026-06-03
People's Bank of China sets governance and self regulation priorities for China Internet Finance Association
People's Bank of China Deputy Governor Tao Ling outlined priorities for the China Internet Finance Association’s next phase, calling for stronger internal governance, more complete self-regulatory rules, an enhanced self-regulatory role, and closer support for financial supervision. She urged members to learn from past risk episodes, operate lawfully under strengthened oversight, and improve rule-of-law awareness, corporate governance, internal management, standardized business conduct, and risk control.