Cao Chao: An era of internet finance is coming to us

Summary: See the latest quotes Sina chairman and CEO Cao Chao. 2013 Sina Golden Kylin Forum held in Beijing November 25, the theme of this forum is the road of dreams: reform deepen and economic transformation. Cao Chao, chairman and CEO of Sina, said in his speech that relying on Sina micro

See the latest quotes Sina chairman and CEO Charles Chao. 2013 Sina Golden Kylin Forum was held in Beijing November 25, the theme of this forum is "The Road of Dreams: Reform deepening and economic transformation". Cao Chao, chairman and CEO of Sina, said in his speech that relying on Sina Weibo's massive user resources and social data, as well as Sina's media influence, Sina is willing to take a more open stance, to join the financial institutions to explore the new Internet finance model, to create a new Internet financial platform. Following is a transcript of Charles Chao:

Distinguished guests, ladies and gentlemen, media friends:

Hello everyone! Welcome you to participate in 2013 Sina Golden Kylin Forum. The theme of this forum is "The Road of Dreams: deepening reform and economic transformation", which reflects the forward-looking and leading nature of Sina Golden Kylin Forum, and believes that it will inspire more sparks of thought.

The struggle of China's modernization has entered the critical "second half", which means that the reform has come to a time of entry. People have never been so concerned with reform as they are today, and they have never called for reform like today. And the reform is always difficult, there are two words are often used to describe the reform of China today, one is the Sham Shui Po, one is a crucial period. The former means "risk", the latter represents "difficult". At this juncture, what is the most needed for reform? How to speed up the improvement of modern market system? How to deepen the reform of tax system? How to build a new system of open economy? is not only the core problem of overall deepening reform, but also the focus of this forum.

The recently concluded 18 session of plenary, the road map and timetable have been established for the comprehensive reform of our country, whether it is to develop the economy, improve the people's life and other practical aspects, or to perfect the system level of various system and regulations, the blueprint of the reform outlined by the whole Assembly has pointed out the direction for the future development of China, and the Therefore, this forum specially set up a discussion platform, invited the famous scholar and entrepreneur dialogue to unscramble plenary's reform spirit, hoped that the collision of the thinker and the builder can resolve a clearer blueprint and realization path of reform.

In addition to macro topics, we will be in the current Sina Golden Kirin Forum, focus on the forefront of the micro-industry, in the afternoon discussion, will be dedicated to the "Internet finance" sub-forum, from the government, the industry will be a deep focus on the internet and the financial circle the most popular topic.

We believe that the information technology revolution brought about by the Internet will change and impact the traditional industries of one after another, and that means the improvement of efficiency. With the opening of China's financial industry, an era of internet finance is coming to us.

This June, the balance of treasure with the innovator's posture shows the internet financial accumulation of energy and power, and this is just the beginning.

Whether traditional financial institutions actively promote the mode of electronic and networked transactions, or the financial services launched by internet companies, or the cooperation between the Internet and financial institutions to explore new business, the two industries in the business model, operating mode and the way of thinking have a huge difference, determines the "Internet finance" It is not simply an accumulation of the internet and the financial sector, nor is it a simple extension of traditional financial services on the Internet platform.

Perhaps no one can clearly portray the future blueprint of Internet finance, which in itself requires constant innovation and a theme that needs constant exploration and breakthroughs. But there is no doubt that the core of internet finance will be data. Relying on Sina Weibo's massive user resources and social data, as well as the media influence of Sina, Sina is willing to take a more open stance, join the financial institutions to explore the new model of Internet finance, and create a new Internet financial platform. This will be an important aspect of our future development and we look forward to in-depth discussions with all of you and the various partners in the financial field.

Whether facing China's future reform trend, or facing the new era of internet finance, Sina as the mainstream media are full of expectations. Looking to the future, we will, as always, assume the responsibility of the mainstream media, close to join hands with experts from all walks of life, media partners, as well as hundreds of millions of Sina netizens, for China's comprehensive reform drum and call for the realization of China's dream contribute to the humble.

Finally, I wish 2013 Sina Golden Kylin Forum a complete success! Sincerely wish you all a good health and smooth work! Thank you!