The People's Bank of China, the central bank, is exploring possible Internet financing regulation with executives of some Internet finance companies and people in relevant fields this week, a person involved in the meetings told China Daily.

"The central bank is still supporting online finance. It intends to cool the red-hot Internet finance sector rather than quenching its blaze," Huang Zhen, a law school professor of the Central University of Finance and Economics, said. "Banking regulators expect Internet companies to have good security management while making financial innovations."

Huang, a specialist in Internet finance, attended meetings held by the PBOC on Wednesday and Thursday.