What is the Internet Finance Association?

What is the Internet Finance Association?

The Internet Finance Association is a non-profit social organization dedicated to promoting the development of the Internet finance industry and maintaining the healthy development of the Internet finance industry. It was established in 2015 and is composed of many Internet financial companies, experts and scholars, regulatory agencies, etc. The association aims to maintain industry norms, protect industry rights and interests, promote industry innovation, improve industry quality, and promote sustainable and healthy development of the industry. At the same time, the Internet Finance Association also speaks to the society through various channels to let more people understand the Internet finance industry and improve consumers and enterprises' awareness and normative awareness of the industry.

As a non-profit social organization, the Internet Finance Association always adheres to the principle of self-discipline and self-examination. The association emphasizes that industry companies should ensure transparent information disclosure and controllable risks, and actively promote policy formulation and formulate industry standards. At the same time, the association also actively cooperates with governments, industry organizations, etc. to jointly promote the development of Internet finance. For example, at the national level, the association conducts research and exchanges with relevant departments of the central government to provide intellectual support for government policy formulation. In addition, the association also regularly holds various industry summits, forums, etc., inviting industry experts, scholars, business representatives, etc. to discuss industry development direction, policy formulation, risk control and other related issues.

Since its establishment, the Internet Finance Association has been committed to promoting the healthy and orderly development of the Internet finance industry. It not only helps industry enterprises standardize their operations, but also provides effective protection for investors. The Internet finance model provides investors with more investment options, but it also inevitably increases risks. The Internet Finance Association promptly established a risk prevention mechanism and resolution mechanism to provide investors with better protection. It can be said that the establishment and business promotion of the Internet Finance Association have provided strong support for the healthy and sustainable development of the Internet finance industry.