On the afternoon of December 28, the Information Office held a regular briefing on the policy to introduce the relevant situation of the Regulations on the Supervision and Administration of Non-bank Payment Institutions and answer questions from reporters.
Recently, the "Regulations on the Supervision and Administration of Non-bank Payment Institutions" has been publicly released, in this regard, Zhang Qingsong, deputy governor of the People's Bank of China, introduced that the "Regulations" is the first administrative regulation in the financial field issued after the ** financial work conference, and is a specific measure to implement the spirit of the ** financial work conference, which is a milestone in promoting the high-quality development of the payment industry.
The payment industry has always played a fundamental role in serving the needs of the real economy and people's livelihood. After decades of development, China has established a wide-coverage, safe and efficient payment and clearing system centered on the first-class bank payment and clearing system, with the participation of commercial banks, clearing institutions, and non-bank payment institutions. At present, more than 4,000 commercial banks and more than 180 payment institutions have effectively met the needs of 1The payment needs of 600 million business entities and hundreds of millions of consumers. China's personal bank account ownership rate has exceeded 95%, which is higher than the average level of middle- and high-income economies, and the mobile payment penetration rate has reached 86%, ranking first in the world.
The fast, safe and inclusive modern financial system is one of the characteristic highlights and important symbols of China's financial services. With the rapid development of non-bank payment services, commercial banks have gradually emerged to provide large-amount, corporate payment services, and payment institutions focus on small-amount and convenient payment services.
In the process of development of the payment industry, the People's Bank of China has always practiced the concept of "payment for the people", adhered to the overall development and security, and made every effort to maintain the good order of the payment industry. We will put the prevention and resolution of risks in a prominent position, disconnect the direct connection between payment institutions and banks, implement centralized depository of customer reserves, strictly investigate and deal with all kinds of violations of laws and regulations in accordance with the law, and effectively protect the legitimate rights and interests of users, and achieve positive results.
Accelerating the construction of laws and regulations in the field of payment is an important part of promoting the governance system and governance capacity building of the payment industry. Since 2018, the Ministry of Justice and the People's Bank of China have drafted the draft Regulations on the Supervision and Administration of Non-bank Payment Institutions on the basis of in-depth research and full demonstration. On November 24 this year, the ** executive meeting deliberated and passed the "Regulations", which will be officially implemented on May 1, 2024. The promulgation of the "Regulations" further clarifies the rights, obligations and responsibilities of all parties in the payment industry, gives the regulatory authorities administrative powers in accordance with the law, effectively consolidates the legal foundation for the standardized and healthy development of the industry, and marks that the development of the payment industry has entered a new stage.
In the next step, the People's Bank of China and the Ministry of Justice will strengthen policy publicity and interpretation, and guide payment institutions to implement the provisions of the Regulations. At the same time, we will also step up the formulation of the detailed rules for the implementation of the "Regulations", and do a good job in the revision and clean-up of existing regulations and normative documents in the field of non-bank payment.
* CCTV.
Edited by Hu Weike.
Second instance Liu Juan.
Third trial Tian Minjia.