One of the hot topics in the Boao Forum for Asia is internet finance

One of the hot topics of the Boao Forum for Asia this year is internet finance. Sure enough, in the folk word-of-mouth good balance treasure and was criticized. Minsheng Bank chairman Dong Wenpei directly to Alibaba (rolling information) put malicious words: "Ma Yun You do not have a revolution, you do not have the ability." Yale University Professor Chen also accuses the balance of exploiting regulatory loopholes.

These days, the Internet, is looking to finance. Financial, but also in a complex mood to focus on the Internet. One of the key points of this Boao forum is to explore the future of internet finance.

Today, in "Microfinance: Asia's innovation and Practice reform" forum, I chat with the reporters sitting in the last row, found that the reporter's question target is two people, one is Yan, vice chairman of the CBRC, and the chairman of Minsheng Bank Dong Wenpei. And the reporter's question is also very concentrated, as a regulatory layer/financial institutions, how to view the traditional financial institutions and balance treasure, peer-to-peer and other battles.

As the representative of the CBRC, Yan said that recently we have seen the development of internet finance very fast, in short time, it should be said that has aroused the central government's high attention.

How to supervise? He said, summed up four sentences: first, moderate regulation, in the future to set some basic, the minimum conditions of supervision, otherwise will make the financial unfair competition, the second is the classification of supervision; third, co-ordinated supervision, so that everyone on a regulatory platform, this may also be a direction of development; four, innovation and regulation, using Internet technology to improve the efficiency of regulation , and more importantly, breaking the tradition.

and Minsheng Bank chairman Dong Wenpei on the issue of the attitude is more direct when, he categorically said, this thing is speculation, some of Ma himself hype, some media hype.

He said that the balance of treasure and peer-to-peer, such as the livelihood of the bank's business has an impact, but not much: "This thing we do not worry, do not worry about us became the last dinosaur or what kind of guy, it is a lie." ”

"I told Ma Yun that you do virtual, we do real, must be combined with the actual situation, so that a win." We do real, at the same time we also do virtual, we can also combine the actual situation. No matter what age, you do virtual is virtual, real or very important. "Dong Wenpei points out.

Speaking of the last Dong Wenpei is to Ma Yun released malicious words: "No matter how the Internet development, between people, face-to-face communication is always the most important way of communication." I told Ma Yun, brother, we common development, you do not have a revolution, you do not have the ability. ”

Another guest of the conversation, Chen, a tenured professor at Yale University, was often asked to compare the differences between China and the United States. The audience also asked him, four lines refuse the balance Treasure agreement deposit, this thing if happened in the United States, is not counted as monopolistic behavior?

Chen's view of the issue is clear, he says, and the success of the balance is not so much the use of the Internet as more of a loophole in the rules of regulation.

Chen said that the balance treasure has so far never advance or early withdrawal of the agreed term deposits, but in fact, from a regulatory point of view, there is no problem when there is no need, no liquidity challenges in advance to the withdrawal of the agreement deposit, but once the liquidity incident, At that time just explain is the most convenient expectations in the end, the whole product has a great impact.

"I think the experience itself tells us that instead of seeing the internet as a success story that the financial industry has never imagined, it is better to say that the loopholes in regulatory arbitrage have led to the successes that are being seen." "he said.

This attitude towards financial institutions and experts balance treasure the vast number of consumers are naturally very angry, a netizen said, the value of the balance is not in the return of how high, the economy has practical value, but is to give the common people a chance to choose, and this is the Chinese banking sector for decades did not.

Sina Weibo netizen "financial small ant" commented that Dong Wenpei is not not do not understand internet finance, but really fear, worry, this also from a side shows that the full swing of the internet finance does bring huge impact on the banking industry. Falsehoods, literal empty, in the end of the battlefield to be seen.

However, for Dong Wenpei and Ma Yun between the "enmity", a Netizen joked that Dong Wenpei is a rough, in fact he and that Hippogriff (MA) very intimate, often you diao his hair, he you two pegs, we do not misunderstand.