From the bud to the future trend, Lu Jin, chairman of Li Renjie talk about ICO


n n
nImage from Phoenix Finance WEMONEYn
nn”2017 Shanghai New Financial Annual Conference and Financial Technology Bund Summit” was held in Shanghai recently. According to media reports, the meeting will be the chairman of the land bank Li Renjie referred to the recent concern of the ICO problem, he believes that although there is only a budding, but in the future to a certain extent, is a trend.n
nn”2017 Shanghai New Financial Annual Meeting u0026 Financial Technology Bund Summit” was held in Shanghai recently. According to media reports, the meeting will be the chairman of the land bank Li Renjie referred to the recent concern of the ICO problem, he believes that although there is only a budding, but in the future to a certain extent, is a trend.n
nLu Jin, full name Shanghai Lujiazui International Financial Asset Market Co., Ltd., a member of Ping An Group, China is also one of the largest network investment and financing platform. And peace, it is one of the important participants in the field of domestic chain chain, which in 2016 in May, became the first to join the R3 block chain alliance institutions.n
nIn the speech of the day Li Renjie mentioned that China’s financial industry to today, facing many difficulties and pain points. In response to these problems, some scholars have proposed to go to the intermediary, Li Renjie pointed out that at the time caused a lot of controversy, but today, perhaps in the near future will be achieved. This means that not only financial institutions, including those who accept financial services, will have a process of de-mediation.n
nAccording to Li Renjie, this half a year he ran a lot of places, including London, Singapore, Hong Kong, with the regulatory authorities to do a lot of communication. International financial centers are very concerned about and envy the development of China’s Fintech, but the domestic so-called Internet remediation in the near future, how to do “good money to drive bad money” Li Renjie said, to do a concerted effort, you need to return to the original rules and regulations of various departments up.n
nn”Because the original rules and regulations of various departments, must lag behind the practice.”n
n”How to do it both to encourage innovation while at the same time be prudent? So monitoring the sandbox is a good tool.”n
nnThe concept of Regulatory Sandbox was proposed by the British government in 2015 to refer to a “safe space”. In this secure space, financial technology companies can test their innovative financial products, services, business models and marketing methods, rather than in the relevant activities encountered problems immediately subject to regulatory rules.n
nLi Renjie said:n
nn”Social progress, regulation and regulation should be interactive.”n
nnPrior to joining Lu Jin in 2016, Li Renjie had been in the position of the governor of the Industrial Bank 13 years.n

Leave a Reply

Your email address will not be published. Required fields are marked *