Recently, the National Development and Reform Commission and other nine departments have recently jointly issued the Opinions on Promoting the Standardized, Healthy and Sustainable Development of the Platform Economy (hereinafter referred to as the "Opinions") and pointed out that it is necessary to strictly regulate the platform enterprises' investment in financial institutions and local financial organizations, and urge the platform enterprises and their holdings and participation in the financial institutions to strictly implement the requirements of capital and leverage ratio.
The Opinions put forward 19 measures in terms of improving rules and systems, enhancing regulatory capacity and standards, optimizing the development environment, strengthening innovative development capacity, empowering economic transformation and development, and safeguards. [Read More]