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Research On The Development Mode And Strategy Of Internet Finance

Posted on:2016-03-16Degree:DoctorType:Dissertation
Country:ChinaCandidate:X M ZhangFull Text:PDF
GTID:1109330470452308Subject:Finance
Abstract/Summary:PDF Full Text Request
The Internet finance is the hottest topic in the financial field over the past twoyears. Since2013, the Internet finance has a rapid development in a short period of time,the third party payment, P2P, and crowd funding business model also had rapiddevelopment, and brought a strong impact to the traditional financial industry. Internetfinancing such as balance of treasure emerged even makes national investmentunprecedented, the Internet finance has become the focus of national attention. Thispaper uses historical research method, comparative analysis, logical reasoning and caseanalysis, to analyze the operation mode and development trend of Internet finance withthe network economy theory, financial development theory, the theory of financialintermediary and financial function view.The operation mode of the Internet Financial including traditional mode, the thirdparty payment, emerging financial content. Unlike most research, this paper think thatthe Internet financial as emerging financial, but also cannot ignored the traditionalfinancial Internet. In a sense, the traditional financial Internet has more importantmeaning to the development of real economy. With the help of the Internet channel, thetraditional financial displayed some new characteristics, such as pay more convenient,lower transaction costs, the degree of information asymmetry is reduced and the markettransactions more efficient.Payment is the beginning and the end of economic activity, it is the foundation andplatform for the normal operation of the national economy indispensable financial. Withthe gradual combination of Internet technology and finance, infrastructure and paymentof financial services have rapid development and evolve many innovative model underthe drive of Internet Financial. Different from the traditional mode of payment, the thirdparty payment system is not only the outstanding representative of the Internet financialinnovation, in certain level, it has become an indispensable part of our existing paymentsystem. Business financial model, P2P model of lending, crowd funding model, Internetfinancial are represent patterns in nearly two years. This paper examines the basicconcepts, components and operation mode. With the remarkable improvement of theimportance of the Internet in human society, the Internet will be combined withfinancial, and it not only greatly facilitate people’s daily life, but also changed people’sdaily behavior and the enterprise daily management way in the very great degree.Virtualization, network of the Internet financial has caused enormous impact totraditional financial institutions, it also brought the huge power of innovation and profitopportunities.Analysis the development trend of the Internet financial need to investigate theInternet financial reality value, risk characteristics and related influencing. In the realeconomy, the Internet finance not only effectively complement the blank of traditionalfinancial institutions, but also enhance the financial market competition, brings theopportunity for our country to comprehensively deepen financial reform, improve thefinancial market system and the perfection of the socialist market economy. It affectsthe operation and development of China’s entity economy effective from three aspects,that is, to reduce financing cost, enhance innovation and vitality, and increaseconsumption demand. From the strategic value, the Internet finance brings developingand developed countries on a similar starting line, but because of China Internet hugepopulation base and advantage, there is an important practical significance of ChineseInternet finance.The Internet is still in the initial stage of development, technology, platform andsupervision environment is not mature enough, so that the Internet has not onlywidespread financial risks of financial institutions, but also has some risks that arespecific to their own. In addition to these risks, the Internet financial development alsodepends on the regulatory laws and regulations can properly regulate and guide, theInternet financial industry safety effective self-discipline and cooperation, the Internetfinancial support technology and system, the Internet can improve financial institutionsor the platform risk control ability can be improved and the traditional financialinstitutions respond to the reaction. It still need further observation that the Internet is becoming the traditional financial ornament or become the third kind of financial modelmatch and direct financing and indirect financing.In this paper the characteristics are fully aware of the Internet finance has manydifferences from traditional financial institutions, including the open resource, costintensive, market-oriented characteristics, channel selection, operation efficiency, theInternet user behavior value etc., traditional finance do not have these characteristics.On the basis of it, we should give full play to these strengths, but also depends on theguidance and supervision of the rational, and regulatory and development ideas ofChinese Internet finance from two aspects of functional supervision and regulatoryagencies are deeply discussed.
Keywords/Search Tags:Internet finance, network lending, operation mode, development strategy
PDF Full Text Request
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