Research On The Development Of Chinese Internet Finance

Chinese Internet finance get rapid development in2013, due to low investmentthreshold, convenience, redemptive characteristics money fund account offered bythird-party payment companies has accumulated a large number of transactions in a shorttime, the power of Internet financial began to be widespread concern. Compared withwestern developed countries’ perfect economy and politic system, the effect caused byChina’s Internet industry is far greater than the western’s Internet financial industry, thatmakes China’s Internet finance has its own development characteristics and prospects.This article through the analysis of development history and current situation, summarizeAcademic papers about Internet finance, try to make the concept of the Internet financialmore three-dimensional and comprehensive. Internet financial development in ourcountry since the1990s, facing the customer range is small, transaction size narrow, andrisk is bigger and other negative characteristics. The process of the Internet finance risingand developing has brought a series of changes to our country’s economy, not onlypromote the financial innovation in the banking system, also reversed transmission formacro monetary system reform. The emergence of P2P lending platform to make moneybegan to bypass the middleman, to realize the seamless joint between the borrower andthe lender. Financial disintermediation trend, interest rate mercerization, mixedmanagement and so on has been planned for our country’s financial developmentdirection. Because of the Internet finance, the ways of investment for residents began tohave more choices, from a single bank deposit transit to bank deposits as the main body,with a variety of investment means to coexist. The analysis of the typical westerncountries internet finance guide the development of the Internet financial in our country.By getting experience from its success or shut down. Chinese internet finance has begunto make effect, but there also exist some problems, such as support for the developmentof the Internet financial environment has not yet been fully established, lack of awarenessfor financial risk, Internet financial regulatory system perfect and Internet financiallaws has not been set, etc. Through the analysis of western’s history of Internet finance,summing up experience and lessons, this paper puts forward suggestions on the internet finance future development.