China will introduce the policy of controlling financial operations in the Internet

Almaty. March 13. Silkroadnews - China has developed and discussed policy control over financial transactions on the Internet, said the agency "Xinhua" referring to the head of the People's Bank of China  Zhou Xiaochuan.
"Improvement of financial control in the network is designed to support the development of the industry and provide a reasonable degree of control" ,- said the head of the Central Bank.
The head of the Central Bank has advised all customers to "develop the ability to assess the risks and be psychologically ready" for such an eventuality like breach of contracts.
Earlier, Vice President of Ant Financial Services Group, Shenfa Yu, said that the financial arm of the Chinese e-commerce Alibaba Group Holding, will open a private bank in May or June of this year.
The Corporation is ready to apply to the regulatory body for the ultimate test in March, and looks forward to the opening of Zhejiang Wangshang Bank in May or June 2015. The new bank is positioning itself as an Internet bank without branches and offices in the offline and focuses mainly on attracting deposits and placing loans in small amounts.