How strict is the membership of China Internet Finance Industry Association?

The basic requirements for joining China Internet Finance Association are: supporting the articles of association and having certain influence in the field of Internet finance.

Anyone who meets the following conditions can apply to join the association:

First, banking financial institutions, securities companies, insurance companies, fund companies, asset management companies and trust companies with independent legal personality;

The second is the clearing institution approved to be established;

Third, non-financial payment institutions that have obtained the Payment Business License issued by the People's Bank of China;

Fourth, enterprises and institutions engaged in Internet finance business, Internet finance research institutions and related professionals;

Fifth, the self-regulatory organizations of the Internet finance industry in various provinces registered in the civil affairs department with the approval of relevant institutions;

Sixth, other units that meet the requirements of the association.

The details are as follows:

There are no major violations of laws and regulations in the past three years;

The network platform operating Internet financial services shall be filed with the competent telecommunications department;

There is no major business accident or major breach of contract during the operation period;

Shareholders and management have no bad records and have certain financial knowledge and experience.

In addition, with the approval of relevant institutions, provincial-level Internet finance industry self-regulatory associations registered with the civil affairs departments can apply to join the association, promise to accept the business guidance of the association, and accept the commission of the association to carry out their work.