“Strengthen risk prevention and purify development environment”— the third follow-up report of Putuo District Financial Risk Prevention Research Conference（3）

”Enhance risk prevention and purify the development environment" - the third survey was carried out at 9:00 a.m. on May 16, 2018 at Putuo District Financial Risk Prevention Research Conference. The research object is Putuo District Business Committee. Director of Putuo District Commerce Committee Luo, section chief of Putuo District Commerce Committee Xu attended the meeting. Chairman Chen of Putuo District CPPCC Committee presided over the meeting. Wang Shudong, director of Shanghai Founder law firm, participated in the survey.

The main responsibility of the Commission of commerce is to manage the spot trading market. In order to implement the requirements of the state, Shanghai has established a joint meeting for clearing up and rectifying various trading places in accordance with the decision of the State Council on clearing up and rectifying various trading places to effectively prevent financial risks (Guo Fa [2011] No.38) and the implementation opinions of the general office of the State Council on clearing up and rectifying various trading places (Guo Ban Fa [2012] No.37) From the municipal level to the district level, the Commission of Commerce has cleaned up the spot trading market of bulk commodities; it has also set up a non special class to rectify P2P, small loans and other companies. At present, all financial industries have been classified into financial services (work) office. The current responsibility of the Commercial Commission is to carry out daily management of the spot market.

In view of the current situation of P2P cases breaking out in large numbers, Xu said that professional affairs should be done by professional departments. If a certain part of an enterprise involves finance, it should be supervised by the financial department. On the one hand, the actual business scope of the enterprise should be consistent with the registered content; on the other hand, there should be a corresponding regulatory system. Today's enterprises are more and more diversified. In order to develop better, some financial projects may be needed to expand their business, so the regulatory means for these enterprises must keep up.

Director Luo also pointed out that this area is a new thing. It is really necessary to strengthen supervision. It needs the supervision of professional departments and the regular linkage of various sectors. It is necessary to strengthen the prevention of key enterprises in key areas, including the strict control of their name, business scope, annual report, information disclosure, etc. Through this survey, we know that the Commission of Commerce once had the right to manage pawnbrokers and financial leasing, and now these two industries are also classified into the financial office. Therefore, the Commission of commerce is mainly responsible for the management and service of the spot market, no longer involving the financial industry. In the later research, we will also visit some financial enterprises on the spot to understand the business model of such enterprises.