Regulatory Changes - New regulations for financial infrastructure business supervision will be implemented starting October 1, focusing on risk management, corporate governance, and unified regulatory standards for financial market safety [1] - The new rules for internet lending by commercial banks will also take effect on October 1, requiring banks to establish clear management systems and risk management indicators [2] - The Beijing Stock Exchange will switch to new stock codes for existing listed companies starting October 9, facilitating trading and business operations [3] - A new system for the mandatory deregistration of "zombie companies" will be enacted on October 10, aimed at improving market ecology and promoting fair competition [4] - The revised Anti-Unfair Competition Law will come into effect on October 15, enhancing the legal framework for market competition and enforcement [5] - Internet platform companies will begin formally reporting tax-related information starting October 1, in compliance with new regulations [6] Digital Transformation - From October 1, the civil aviation sector will fully transition to electronic invoices, eliminating paper travel itineraries and allowing passengers to easily access their invoices online [7] - The railway sector will also adopt electronic invoices starting October 1, enabling passengers to request invoices within 180 days of their journey [7]

Group 1: New Regulations Effective from October - The revised Anti-Unfair Competition Law will take effect on October 15, addressing issues like "involution" competition and "free-riding" on brand names [1] - Starting October 1, civil aviation in China will fully transition to electronic invoices, eliminating paper travel itineraries for domestic flights [2] - The railway sector will also adopt electronic invoices from October 1, allowing passengers to request electronic invoices within 180 days after their journey [5] Group 2: Financial Infrastructure and Tax Regulations - The Financial Infrastructure Supervision Management Measures will be implemented on October 1, focusing on the regulation of financial infrastructure operations and risk management [6][7] - Internet platform companies will begin formally reporting tax-related information from October 1, promoting tax fairness between online and offline businesses [13] - New regulations for internet lending will be enforced, emphasizing the need for banks to manage costs and risks without compromising management standards for the sake of business scale [14][16] Group 3: Other Relevant Regulations - The Permanent Basic Farmland Protection Red Line Management Measures will come into effect on October 1, clarifying the responsibilities of natural resources and agricultural departments [10][12] - A new procedure for compulsory company deregistration will be implemented on October 10, detailing the process and conditions for such actions [17] - The Beijing Stock Exchange will switch to new stock codes starting October 9, with preparations for the transition already in place [18]

Core Viewpoint - The National Financial Regulatory Administration has issued a notice to enhance the management of internet-assisted lending by commercial banks, aiming for a more standardized and orderly development of this business model [1][2]. Group 1: Development of Internet-Assisted Lending - The internet-assisted lending business has rapidly developed as commercial banks leverage external internet platforms to issue loans, enhancing service efficiency for financial consumers [1]. - Internet platforms have played a complementary role by utilizing mature consumption scenarios, transaction customer groups, and customer data [1]. Group 2: Issues Identified - The rapid growth of internet-assisted lending has exposed several issues, including mismatches in rights and responsibilities, unreasonable pricing mechanisms, imprudent business development, and inadequate protection of financial consumer rights [1]. Group 3: Regulatory Measures - The notice emphasizes the need for commercial banks to establish a sound institutional framework, strengthen the management of cooperative institutions, standardize cost and fee management, and enhance independent risk control [1]. - It mandates that commercial banks include the fees charged by credit enhancement service providers in the comprehensive financing cost and clearly define the cost range [1]. Group 4: Consumer Protection - Commercial banks and their cooperative institutions are required to strengthen the protection of financial consumer rights, standardize marketing practices, and comply with national regulations on online marketing [2]. - There is an obligation to fully disclose key loan-related information to borrowers and to manage post-loan collection practices effectively, correcting any identified violations promptly [2].