Shanghai Social Sciences 14th (2016) Theme Seminar was hold on in Shanghai University of Finance and Economics on September 17th. Professor Lihui Tian, from the Institute of Finance and Development of Nankai University, attended the annual meeting of the financial special session of the annual conference. He delivered ‘Digital Inclusive-oriented China Financial Development’ speech in the ‘Innovation and Financial Integrated Supervision Seminar’. At the seminar, the leaders of Shanghai University of Finance and Economics gave opening speech, the CBRC, the National Development Bank, Bank of China and other relevant leaders and experts attended and made speeches.
Professor Tianli Tian argued that the G20 summit in Hangzhou clearly put forward the principles and directions of digital inclusive finance. Our country should regulate Internet finance actively, guide digital technology to realize the aim of finance, the equality of financial service, and to enlarge financial service acquisition, as well as to share financial development achievements.
To some extent, the problems of China's Internet financial development, such as Ezubao, originated from the lack of supervision and regulatory lag. To face the issues, we should not overcorrect them and should not be excessively supervise to prevent ‘one-size-fits-all’. Only by realizing the comprehensive supervision based on the principle supervision and improving the supervision level of the relevant departments in our country, the digital inclusive finance in our country could gain great progress. Professor Tian's speech was praised by the guests.
