| At present,Internet finance is developing rapidly in our country.It has become a new mode and format in the financial field of our country,and plays an increasingly important role in the social economy.After the initial stage of bank electronization and online banking,the Internet financial business model is more abundant and perfect,with stronger innovation ability and greater role in the social and economic fields.In terms of business scale,under the background of continuous growth of China’s economic aggregate and rising income level of residents,Internet finance is growing faster and faster,and its development scale is growing larger and larger.In terms of business structure,Internet Finance includes network banking,third-party payment,network loan,crowdfunding,credit investigation,Internet insurance,Internet Securities and other modes,which are now covering banking,securities,insurance,financial management,payment,fund,credit and other fields;from the perspective of coverage,Internet finance has penetrated into all aspects of financial activities of enterprises and residents in the economy,especially the third-party payment,becoming an important payer in people’s daily food and clothing,shopping and consumption,tourism and leisure,aviation hotel,medical education,etc.This greatly improves the efficiency of payment and settlement.At the same time,the advantage of Internet finance across space has eliminated the regional obstacles and made rural areas and remote and poor areas enjoy equal financial rights.From the perspective of government,the development of Internet finance has changed from laissez faire to support,encourage and regulate supervision.It can be seen that Internet finance plays an important role in China’s social economy.At the same time,there are still some outstanding problems between China’s financial sector and the real economy: first,the ability of financial services to the realeconomy needs to be further strengthened.The 19 th National Congress of the Communist Party of China pointed out that we should deepen the reform of the financial system and enhance the ability of financial services to serve the real economy.For a long time,China’s state-owned led financial system has achieved remarkable results through continuous reform and improvement,but there are still defects and deficiencies,such as the small scale of direct financing,lack of innovation ability,low operating efficiency,poor quality of financial services,and lack of financial resources in rural areas and remote poverty-stricken areas.At present,more financial resources are separated from the real economy,and the difficulty and high cost of financing become the bottleneck of the development of the real economy.Second,the current financial supply in China can not meet the needs of the real economy.Under the condition that China’s GDP has leaped to the forefront of the world and the income level of residents has been constantly improved,there is a "strong" demand for finance in the macro and micro fields of economy.From the micro level,there is a high-quality demand for financial services in the transaction activities of enterprises and residents in the real economy,and there is a need for remote and poor areas and vulnerable groups to enjoy the "dividend" of financial development.At the same time,the government needs the financial system to provide a new financial model or format,to promote and deepen the reform of China’s financial system,and to meet the needs of the development of the real economy.It can be seen that the contradiction between the current financial supply and demand in China is prominent.Third,in the development of Internet Finance in China,there is a trend of "getting rid of the real and making the virtual".Some internet financial enterprises pursue and aim at going public,"encircling money" has obvious characteristics.Driven by "pursuing profits",Internet financial online loan enterprises deviate from the direction and purpose of serving the real economy,and circulate themselves,resulting in frequent problems and insufficient "blood supply" for the development of the real economy.Put aside the "hot pursuit" of the development of Internet finance in the society,and return to the rational point of view,the essence of Internet finance is still finance.Internet finance can effectively solve the above problems by serving the real economy.Internet finance serves the real economy,deepens the reform of China’s current financial system,makes up for the deficiencies and defects of the financial system under the guidance of state-owned finance,improves the payment and settlement efficiency of enterprises and residents in the real economy,shortens the distance between the supply and demand of funds in the real economy,reduces transaction costs,alleviates financial repression,and greatly enriches small and medium-sized enterprises and society.The financing channels and financing methods of start-ups and technology-based enterprises expand the coverage of finance to vulnerable areas and groups,meet the personalized financial needs of the society,and improve the financing efficiency of the development of the real economy.Therefore,it is of great significance to study and analyze the real economy of Internet financial services in the current situation of increasing downward pressure on the economy,deepening the transformation and upgrading of enterprises and increasing trade friction between China and the United States.This paper analyzes and studies the real economy of Internet financial services from the perspective of Marxist political economy.Internet finance has the function of money,the function of credit and the characteristics of virtual economy.It goes deep into the real economy and promotes the development of the real economy.It combines with the production,circulation,exchange and distribution of money,capital and material in political economy.It is in the same line with social wealth to create value profit through currency circulation and capital circulation.Along with the development of the Internet finance and the enhancement of the capability of serving the real economy,the trend of the virtual economy has become more prominent.At the same time,with the help of credit,the characteristics of "virtual reality" and self inflating have increased,which brings about the bubble risk and economic crisis described by Marx.Therefore,we must strengthen the supervision of the Internet financial services,so as to promote the steady and sustainable development of the economy.This paper gives a clear definition of Internet finance and real economy,which makes the follow-up research have a foothold.Based on the continuous increase of China’s current economic aggregate and the increasing level of residents’ income,thispaper reviews the evolution process of China’s Internet financial services real economy,analyzes the logic and path of Internet financial services real economy,and makes an empirical analysis.This paper expounds the reference and enlightenment of the Internet financial service real economy of the United States,the European Union and other developed countries to China.Based on the research and analysis of China and the developed countries in Europe and America,this paper puts forward some policy suggestions for promoting the transformation,upgrading and sustainable development of the real economy by Internet finance in China.The main contents of this paper are as follows:The first chapter is the introduction.This chapter is divided into four parts,to guide and explain the framework of this paper,including research background and significance,research methods,basic ideas and framework structure,paper innovation and shortcomings.Through the introduction of the background and significance of Internet finance and its service real economy,this paper puts forward the research direction,and on this basis,expounds the research methods as well as the innovation and shortcomings of the paper.The second chapter is the theoretical basis and literature review of Internet financial services real economy.It mainly includes three aspects: tracing and combing the Internet finance theory,the definition of Internet finance and real economy,and the review of relevant research at home and abroad.This chapter mainly elaborates the theoretical basis of the research,defines and describes the concepts used in the paper,and comments on the relevant literature.The third chapter is the evolution of Internet financial services real economy.This chapter first analyzes the political economy contained in Internet finance,and then focuses on the three evolution stages of Internet financial services in the real economy,thus revealing the characteristics of the evolution and development process,pointing out the significant model formed in the process of Internet financial services in the real economy,and building a clear role of Internet finance in the real economy Route.The fourth chapter is the logic analysis of Internet financial services real economy.This chapter discusses the political and economic logic of the relationshipbetween Internet finance and real economy and the real contradiction between financial supply and demand in the market.Internet finance has promoted the development of real economy,but it has the trend and phenomenon of "from real to virtual" caused by over virtualization.In reality,the contradiction between the "vigorous" demand of the real economy and the supply defects of the traditional financial system is obvious.Therefore,Internet finance must operate in compliance with the regulations and prevent "from the real to the virtual" in the service of the real economy.Endogenous and exogenous conditions play an important driving role in the Internet financial services real economy,and promote the optimal allocation of financial resources in the market.The fifth chapter is the path and effect of Internet financial services to the real economy.Firstly,this chapter points out the significant advantages of Internet financial services real economy.With the help of this advantage,the real economy of Internet financial services can be realized through four paths.In the process of serving the real economy,Internet finance has external positive and negative effects on the social economy.In the future,we should further strengthen the guidance of positive effects and regulate the negative effects.The sixth chapter is the empirical analysis of Internet financial services real economy.Based on the theory of endogenous economic growth,this chapter constructs Cobb Douglas production function analysis model,establishes the principle of model index selection,and selects 48 quarters of data from the first quarter of 2007 to the fourth quarter of 2018 for quantification.On this basis,regression analysis is carried out to test the model,so as to measure the effect of Internet finance on the development of real economy,and draw the relevant values and conclusions of the impact of Internet finance on the development of real economy.The seventh chapter is foreign experience and suggestions.This chapter mainly analyzes the characteristics of the real economy of Internet financial services in the United States,the European Union,Israel and other countries,and puts forward useful reference and enlightenment for China.Based on the research and analysis of domestic and foreign countries,this paper points out the countermeasures andsuggestions of Internet financial service real economy in China: strengthening the software and hardware infrastructure construction of Internet financial development,strengthening the supervision of the whole process of Internet financial service real economy,improving the policy system to guide Internet finance to boost the development of real economy. |
