Chinanews Client, December 31. Recently, some bank Internet deposit products have been removed from the Internet platform.

In this regard, the head of the relevant department of the China Banking and Insurance Regulatory Commission stated on the 31st that commercial banks have promoted online deposit services, and some hidden risks have been exposed in practice, especially when commercial banks cooperate with non-self-operated third-party online platforms to sell deposits. We have regulated the issues of inadequate compliance management, imprudent risk management, and insufficient consumer protection.

The China Banking and Insurance Regulatory Commission supports commercial banks in developing online deposit business under the premise of prudent operation and controllable risks, and follows the following principles and requirements: first, adhere to laws and regulations; second, strengthen risk management; third, protect the legitimate rights and interests of consumers.