Recently, the official website of the central bank shows that the central bank agreed to change the license of Alipay (China) network technology to no actual controller. This change means that Alipay will no longer be controlled by any single shareholder or entity, increasing the company's independence and autonomy. This decision will undoubtedly have a profound impact on China's fintech industry.
As the largest third-party payment platform in China, Alipay has penetrated into all aspects of people's lives. From daily shopping to online transfers, from water, electricity and gas payments to financial investment, Alipay is almost everywhere. Therefore, the change of its actual controller has undoubtedly attracted widespread attention.
The central bank's decision to change Alipay to no actual controller is to improve the company's autonomy and independence, so that it can better respond to market changes and risk challengesOn the other hand, it is also to strengthen the regulation of the fintech industry and prevent improper interference and manipulation by a single shareholder or entity.
The impact of this decision on Alipay itself is obvious. First of all, as an unactual controller, Alipay will pay more attention to its own compliance and risk management, so as to ensure the long-term stable development of the company. Second, without the control of a single shareholder or entity, Alipay will have greater autonomy and flexibility in business innovation and strategic decision-making. This will help the company seize market opportunities and meet the challenges of competitors.
The PBOC's agreement to change Alipay to no actual controller this time undoubtedly provides a reference for other fintech companies. In the future, we expect to see more fintech companies strengthen their compliance and risk management, and improve their autonomy and innovation.