Financial innovation on the internet refers mainly to the impact of internet technology and spirit on financial transactions and forms of organization. Ic figures
What exactly is internet finance? Since the concept was first introduced by the deputy general manager of china investment ltd., xie ping, in 2012, internet finance seems to be everywhere around us, with p2p, crowd funding, bitcoin, etc. Becoming the hot word. On the other hand, while internet finance is popular, official intervention is under way. Regulatory bodies such as the people's bank of china, the bank of china, the bank of banks, the cvm, and the cvm have been considering the adoption of regulatory measures, while local governments are planning to divide the development of internet finance, and even local governments have made it an important component of the construction of financial centres. The most recent example is shanghai, which has also developed policies to support incentives, following the launch in shenzhen last march of an opinion in support of internet finance。
It is clear, however, that there is no official definition of internet finance standards to date. To that end, the press (www. Thepaper. Cn) provides a summary of the definition of internet finance by the central bank, shenzhen and shanghai, and provides some analysis。
Taken together, the concept of internet finance is very large and can even encompass the entire financial sector. But there are two main features to the consensus:
First, internet finance is finance, and xie ping notes that internet financial innovation refers primarily to the impact of internet technology and spirit on financial transactions and forms of organization. The core functions of finance remain the same, the content of financial contracts is the same, as are the concepts of financial risk, externalities, etc. Conversely, financial risk control measures may also be included in areas such as risk control。
Technology based on the internet, mobile communications, big data, etc。
Shenzhen edition: " guidance from the people's government of shenzhen city on supporting the development of financial innovation on the internet "
Internet finance refers to corporate entities that provide financial intermediation services such as third-party payment settlements, mobile payments, network credit, crowd financing (equity), sale of financial products, electronics finance, factor platforms, etc., based on technological means such as the internet, mobile communications and large data processing; and innovative network financial institutions, electrical agencies, specialized institutions and research and development centres established by traditional banks, securities funds, futures, insurance, etc。
Shanghai edition: several views on promoting the healthy development of the internet financial industry in the city (for revision)
Internet finance is based on the internet and information technology, such as mobile communications, big data, cloud computing, social platforms, search engines, etc., to achieve financial practices for finance finance, payments, settlements, etc。
Central bank edition: china financial stability report (2014)
In general, internet finance is a combination of internet and finance, and an emerging financial model for capital finance, payment and information intermediation through the internet and mobile communication technologies. Internet finance in its broad sense covers both financial operations performed by internet enterprises as non-financial institutions and those carried out by financial institutions via the internet. The narrow meaning of internet finance refers only to internet-based financial transactions carried out by internet enterprises。
