The guideline was jointly released by ten central government ministries and industry regulators, including the central bank, the Ministry of Finance and the China Securities Regulatory Commission.
It was rolled out less than one month after the country unveiled an action plan for its "Internet Plus" strategy that is expected to bolster an innovative economy.
The guideline includes a raft of policies and measures that aim to standardize the development of Internet finance, encourage innovation and increase awareness of risk control among internet-based financial institutions.
It promises support for financial institutions to open online banking, insurance and securities businesses and Internet compa
