How does the bank view the development of Internet finance?

August 13 News, how banks view the development of Internet finance? In the afternoon of 13th, the Internet Financial Forum of China Internet Conference, Huaxia Bank SME Credit Department general manager Lu Xiaoqun expressed the view that in the information age, with a variety of new business models of competition or integration, banks must face the problem. The emergence of "platform economy" will bring revolutionary changes to the traditional ideas, organizational structure, marketing methods and product innovation of banks.

Lu Xiaoqun said that more and more market areas appear platform trend, in the domestic, "Platform for King" has become a consensus for development, many enterprises are also rapidly set off the platform economic revolution. Third-party payment companies, through the integration of bank cards and other payment tools, for buyers and sellers to deal with the liquidation of funds, advance-type "water loans" and other innovative business, gradually to the bank's payments, Cash management, bank card receipts and other business to form a challenge. After owning the trading platform, transaction data and payment function, e-commerce finally enters into the financial field, further integrates or replaces the bank credit creation and the financial service function, becomes the loan "bank", covers the banking function from the financing business to the investment business omni-directional multi-angle.

He believes that the "electronic business of banking" or "Bank of Electronic Business" are in the active exploration stage, the real competition is about to begin. Huaxia Bank is building a comprehensive financial platform with five functions of credit intermediary, payment intermediary, credit creation, financial service and four major banks, with online financing, cash management, trans-bank payment, capital settlement and capital supervision.

2013 Internet Conference was held in Beijing from August 13 to 15th, Tencent Technology as the official strategic cooperation portal of the Internet Congress and the official designated cooperation News Center, in the scene to carry out a full range of video and text live. and special set up 2 on-site interview rooms, to invite industry experts and business representatives to discuss the industry status quo, pointing to the future trend.

As the official microblogging partner of the General Assembly, Tencent Weibo has launched #向CEO提问 # activities, and all netizens can ask you questions about the CEO of the Internet industry in advance. Some of the questions will be selected, presented at the site of the Internet Conference and answered by the guests.

Following is Huaxia bank SME Credit Department general manager Lu Xiaoqun speech record:

Good afternoon, everybody! Today's theme is internet finance, I am talking about platform finance. Internet Financial Services is the Internet economy, and the Internet economy has entered the platform economy, internet companies by virtue of their own platform to enter the financial industry, the traditional banks have brought a certain degree of impact.

Just now many experts have made a lot of views on internet finance, and also mentioned the challenge to traditional finance. First, third party payment and mobile payment in lieu of our traditional payment business, in addition, everyone loan is also replacing the traditional deposit and loan business, public financing is also developing.

All these years, since the second half of 2012, international and domestic economists have come up with a sensitive platform economy, such as platform strategy, Platform economics theory. With the realization of the platform economy, the Department of Finance as a service bank should innovate continuously with the development of our economy.

Internationally, Facebook, especially Apple, is a platform-style experiment. Internationally, Apple's iphone and ipad announce the advent of the platform economy. The platform has developed into consensus, the domestic revolution of the platform economy, the first category is that we all talked about a lot of, is the third party platform, for example, itself does not produce products, through the integration of resources to facilitate the two sides and the common transaction mode; the second type is the electronic commerce, as our internet continues to develop, Companies, including telecoms operators, are starting to sell their products through internet channels.

The emergence of platform economy challenges our traditional finance and the market position of banks. We focus on the third-party payment companies, they entered the traditional financial business, to ease the financing of small enterprises, which is the bank's payment, cash management posed a challenge. Particularly worth mentioning is Ali Finance, as at the end of the quarter of 2013, the cumulative service of small micro-enterprises have more than 250,000, a single quarter to complete the number of loans more than 1 million, the chain growth of 51%, the sum of loans of about 11,000 yuan.

Commodity trading platforms, such as Business-to-business, have accumulated a large amount of business data, and Consumer-to-consumer and the company have integrated such data to serve small micro-businesses.

When the electricity trader has the transaction data and the trading platform, enters the finance. In the era of information, a variety of new business models of competition and integration is our bank must face the problem. Our bank will continue to face our challenges, the emergence of platform economy, banking organizations, marketing methods and products bring revolutionary changes. Our financial industry needs to think about transforming change and challenges into opportunities.

Many banks continue to innovate, such as CCB, ICBC, the Bank of China and Alibaba to cooperate, the opening of network bandwidth, construction Bank in June 2012, since the establishment of E-commerce, registered 1.5 million members, trading volume of more than 10 billion yuan. The platform economy model is already the new hot spot of the commercial development, the internet finance, the Bank electric Commerce is in the positive state, the real competition is about to begin.

Starting from 2010, with platform economy as the concept, Huaxia Bank has developed a set of independent intellectual property rights model to explore platform finance. The first feature is online financing, second cash management, and third across-line payments. Through IT systems, the service of the system into the whole process of enterprise management, the realization of information flow, capital flow and logistics integration.

Huaxia Bank currently docking 150 platforms, involving more than 20 industries, we have jumped out of the traditional mode of electrical business, Internet Financial services continue to develop. We work with many industry partners to build our platform finance, thank you.