Supervision is needed to regulate the Internet finance sector from excessive exposure to risks

Internet finance is one of the hot topics that figure prominently at the annual "two sessions" of China's top legislators and political advisers.

Former president of the Industrial and Commercial Bank of China Ltd Yang Kaisheng, Bank of Beijing Co Chairman Yan Bingzhu, former head of the China Banking Regulatory Commission Liu Mingkang and several other prominent bankers have, in recent times, been vocal in their demands for regulating the Internet finance sector. Incidentally, the named people are all members of the National Committee of the Chinese People's Political Consultative Committee, China's top political advisory body.