According to CoinMeta, the China Internet Finance Association held the third meeting of the preparatory group for the Internet Loan Self-Regulation Working Committee on November 6 in Beijing. The meeting was chaired by the association's secretariat, and members of the preparatory group, including Du Xiaoman, Ant Technology, Tencent, JD Technology, and Douyin, attended. The meeting reviewed and approved the preparatory work report and agreed to proceed with the establishment of the working committee according to the established procedures. It was emphasized that since its inception, the preparatory group has focused on the field of internet-based lending services, promoted the implementation of policies, conducted special audits on the misappropriation of credit funds, and aimed to lead the standardized and healthy development of lending platforms with high standards.