Based on big data and cloud computing, functional financial formats and their service systems are formed on the open Internet platform, including financial market system, financial service system, financial organization system, financial product system and Internet financial supervision system based on the Internet platform, and have financial models different from traditional finance, such as inclusive finance, platform finance, information finance and fragmented finance.
It is an emerging field that combines traditional financial industry with Internet technology. On June 20/610/3, the General Office of the State Council issued the Notice on the Implementation Plan for Special Remediation of Internet Financial Risks. ?
20 18 10 10 The document "Administrative Measures on Anti-Money Laundering and Anti-Terrorist Financing of Internet Financial Institutions (Trial)" was issued.
Ten ministries and commissions, including the central bank, jointly issued the Guiding Opinions on Promoting the Healthy Development of Internet Finance, which fully affirmed the development of Internet finance from the regulatory level and established a clear boundary and identity for Internet finance.
As a theoretical and practical professional in the field of Internet finance, Luo Mingxiong, president of Jingbei Finance, witnessed the strong germination of Internet finance, and believed that the Internet finance industry had passed the early stage of extensive development and was moving towards a healthy development track under the legal framework.
Extended data:
First, the development process
The development time of Internet finance in China is much shorter than that in developed economies such as the United States and Europe. So far, Internet finance in China can be roughly divided into three stages: the first stage is the Internet-based stage of the traditional financial industry from 65438 to 2005.
The second stage is the vigorous development stage of third-party payment around 201kloc-0/2005; The third stage is the development stage of internet entity financial business since 20 1 1. In the development of internet finance, domestic internet finance presents a variety of business models and operating mechanisms.
Second, the current situation in China.
The reform of China's financial industry is a world-renowned event, especially the marketization of interest rate, exchange rate and financial supervision. Every important institutional change in the world's major economies is often accompanied by major financial innovations.
China's financial reform coincides with the rise of Internet finance. Driven by the traditional financial sector and Internet finance, China's financial efficiency, transaction structure and even the overall financial structure will undergo profound changes.
According to the analysis of China Internet Finance Industry Market Prospect and Investment Strategic Planning Report, in China, the development of Internet finance is mainly caused by regulatory arbitrage.
On the one hand, Internet finance companies have no capital requirements and do not need to accept the supervision of the central bank, which is the essential reason; From a technical point of view, although Internet finance has its own advantages, it should consider the issues of compliance and risk management (risk control).
It is not difficult to see from the government's financial and fiscal reform policies that it has become the main theme to benefit and support the development of small and medium-sized enterprises, and the importance of small and medium-sized enterprises, which account for more than 98% of the total number of enterprises in China, to China's economic development can be seen.
From the perspective of light application, fragmentation and timely financial management of internet finance, compared with traditional financial institutions and channels, it is more easily favored by small and medium-sized enterprises, and it is more in line with their development model and rigid needs.
At present, in the field of POS wealth management, the needs of a large number of small and medium-sized enterprises that were previously ignored are being deeply focused by third-party payment institutions with a large amount of data information and data analysis and processing capabilities.
With the launch of mobile payment products, this more portable, smarter and more targeted payment experience will surely benefit small and medium-sized Wechat business. Industry experts believe that payment innovation enterprises will completely bring financial payment into the "grassroots".
It also indicates that small and medium-sized enterprises will become the biggest winners in the development of Internet finance, which will also have important and far-reaching significance for the sustained, healthy and stable development of China's economy.
References:
Baidu encyclopedia-internet finance