At 14:00 on March 20, the online press conference of “the first standard of Internet mutual aid group in China” was held in order to promote the development of industry. The standard was approved by Zhejiang Association of Internet Finance, led by chairman unit Ant Financial and formulated by six industry-university-research cooperation, namely Zhejiang University Academy of Internet Finance, Research Center for Insurance Institute of Renmin University of China, Ali Health, King & Wood Mallesons, Huabao (Nanjing) Information Consulting Co. , Ltd and Shenzhen Huazhong United Technology Co. , Ltd.

At the beginning of the meeting, Yin Ming, Vice President of Ant Financial and President of the insurance business group, introduced the first standard of Internet support group. The standard puts forward the principle of “four requirements and one prohibition” for the support platform -- the real-name system, risk management for the whole process, independent review, openness, and transparenc