Recently, the Shanghai Municipal Government has issued the Implementing Opinions of Shanghai Municipality on Promoting the “Internet Plus” Initiative (the “Opinions”).
The Opinions propose that by 2018, deep integration between the internet and each sector of the economic society shall have been achieved, and an environment with relaxed systems favorable to internet-based innovations shall have taken shape, so as to secure the competitive edges of Shanghai Municipality in the internet development. For such purposes, the Opinions establish 21 special actions including “internet plus research, development and design”. Specifically, the Opinions set out requirements on regulating the development of mutual benefit finance and facilitating the formation of a sound financial service system. Moreover, emerging financial modes will be developed, and in the principle of “controllable risks and sustainable business”, encouragement will be given to innovations in seven business modes complying with provisions such as internet payment, equity-based crowd funding, online lending, Internet fund sale, and internet insurance, so as to provide complete financial solutions for excellent products, enterprises and consumers. The Opinions also introduce eight specific measures including “optimizing the environment supporting industrial development”.
(Source: http://www.shanghai.gov.cn/nw2/nw2314/nw2319/nw12344/u26aw46341.html)
Recent Comments