Supervision steps up on online finance

Funding can help currently underserved people, but risks need to be watched closely

To ensure sustainable development of the fast growing internet financial services industry, China will build a system to supervise products and regulate market entry, a top central bank official said on Friday.

Pan Gongsheng, deputy governor of the People's Bank of China, made the remarks at a forum during the third World Internet Conference in Wuzhen, Zhejiang province on Friday.