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Getting internet finance regulation right in China a defining issue of our time

Getting internet finance regulation right in China a defining issue of our time

“Finding the right balance between financial reform and risk prevention will be one of the most important issues of our time,” writes Ruizhe Zhang of Dagong Global Credit Rating Co Ltd, in a recent China Daily op-ed on ECNS.

Following the release of Internet finance guidelines from 10 of China’s central government ministries in July, and amidst concerns in the wake of the country’s recent currency devaluation and stock market crash, Zhang is calling for a unified regulatory standard for the sector.