FINANCIAL STREET(SZ:000402) Bei Jing Shang Bao·2025-10-29 08:25Core Viewpoint - The "Joint Initiative" aims to combat financial black and gray industries by promoting collaborative governance, enhancing information sharing, and establishing a comprehensive prevention system to mitigate systemic financial risks [1][2]. Group 1: Challenges in Governance - Financial black and gray industries face multi-dimensional challenges, including the need for improved collaborative mechanisms and information sharing, as well as the difficulty in identifying and controlling hidden risks [2][3]. - Legal standards for financial black and gray industries are ambiguous, leading to inconsistent judicial standards and complicating governance efforts [2]. - The lack of sufficient punitive measures results in an imbalance between the costs and benefits of illegal activities, making effective deterrence difficult [2][3]. Group 2: Proposed Measures - The initiative emphasizes the importance of collaborative information sharing to enhance risk prevention and response capabilities across the entire process [2][3]. - It calls for the establishment of a robust risk monitoring mechanism, requiring financial institutions to report high-risk information proactively [3]. - The initiative seeks to standardize consumer rights protection and ensure quick resolution of legitimate complaints while preventing malicious claims [3]. Group 3: Responsibilities and Education - Platforms are urged to take responsibility for verifying the qualifications of their participants and managing risk events effectively to prevent the spread of black and gray industries [3]. - The initiative promotes the establishment of regular interactions among regulatory bodies, legal institutions, and academic organizations to enhance legal research and application [3]. - Public education campaigns are to be conducted to improve financial literacy and awareness, thereby reducing the space for black and gray industries to thrive [4].