Romingxiong: The impact of internet finance on traditional finance is subversion and reconstruction

Investment sector April 9 News, sponsored by the Qing Branch Group 2014 China Internet Financial Investment Conference held in Shenzhen today. The author of internet finance, Beijing Romingxiong Investment Management company, said that the impact of internet finance on traditional finance is not tinkering, but subversion and restructuring, the current regulatory layer to the Internet financial development opportunities, should strive to seize opportunities and common development.

The following is a transcript of the speech:

Romingxiong: As a last concert is actually now more embarrassing, but I want to stay to the end of the entire internet is the most profound financial understanding is the most profitable. There are four guests in front of each to do a short share, and then leave the wonderful time to the interactive link.

As requested by the organizers, I give you a simple sharing of how the Internet will change personal finance. Today we listened to a day of internet finance, should be very familiar with the internet finance, to balance the treasure as a representative should be set off the entire Internet finance, including financial management A very big change, this comrade should be very familiar with the comrades, a little man, Mr. Ma has set off the Internet financial market in the whole of the financial turmoil, of course, also led to the rapid development of the Internet finance industry, because most of us here heard that internet finance should be the second half of 2013, is the June 13 Ma Yun launched balance Treasure point of time, The balance treasure analysis Everybody elaborated very many, including to its exclusion, the challenge, even some people also raise the card to say the violation, in a short period of less than nine months time, the balance treasure reaches 500 billion of the scale, this figure should all exceed Ma Yun's expectation at that time. Because of itself for the balance of the Bora said it is a very simple cross-border innovation, plainly is not the internet on the sale of everyone may be familiar with perhaps not so familiar with the money fund, which is far from revolutionary innovation or subversive innovation.

Balance Treasure's success also can not be separated from the time and, also includes the so-called mobile internet era, including the entire electrical network shopping habits of the formation, The geographical location is to have 370 million Alipay users on the basis of selling this balance treasure products, and these online buyers more or less will be some spare money in the balance treasure, people and refers to the entire Central Committee of the State Council of the current supervision of the Internet finance, including financial innovation to encourage and tolerance, this is my personal view of the balance treasure. For example, our comrades in the field bought the balance treasure, please give us a hand? Did you get a hand? Thank you. But I think if everyone is already paying attention to the balance treasure, care balance treasure, care about the internet finance the only small suggestion is that everyone home or now can pick up the phone on the computer to buy balance treasure, of course, can also buy money, including you have the opportunity to buy lace in Baidu's hundred make money, Ma Yun is only in the conference room and the network, if the bank does not change our bank change, but Baidu hundred more vigorous, directly put the roll up to the bank door, called left to go Bank current 0.35%, go right Baidu hundred 8%. Baidu hundred hair, micro-credit management Qualcomm, these content to everyone to a universal financial management, balance treasure a very important content is to the Chinese average management age from 45 years old son has been pulled down to less than 30 years old, now with the whole balance treasure to buy more, the average age is likely to further increase, But whatever it was, it set off a good education and popularization.

Real Online Banking, to the Internet companies pushed by the entire financial education and popularization, in fact, we may not realize that in fact, in our traditional financial institutions, especially Minsheng Bank, although he suffered a certain failure or has not begun, but to Minsheng Bank, Everbright Bank, Guangdong Bank and other joint-stock banks and City firms, They have in fact since 2011, 2012 has been very good design of the use of the second generation of the central bank to achieve a number of bank account collection functions, but is relatively small, including the fast money is also earlier than the balance treasure for more than a year launched, but is not enough propaganda influence in place, Minsheng Bank in less than a year time has achieved the financial management scale reached 150 billion, these things actually accelerate the whole interest rate marketization, because it allows you to set a limit of ordinary accounts to be automatically collected into accounts such as Minsheng Bank, all the money to buy a more than the bank's one-year fixed deposit of financial products, This may also be a very big change for the entire Internet to change financial management, if not the super net silver, without internet banking can not do this content.

Including insurance also came in, Ma Yun is a never lack of hype and news entrepreneurs, so he pushed a variety of treasures, from Alipay to the balance treasure and pushed the entertainment treasure, that is, the huge insurance funds very well combined with financial management, these content I think it is very fast to promote the entire online banking including Internet, including the interest rate marketization, Today time relationship I do not talk about Peer-to-peer, but I said to see the balance of treasure as the representative of the various treasures, the functions of capital collection, including the various banks also introduced a balance treasure products, and similar to how to pry the huge insurance funds into the financial market, the financial market with the rapid development of the Internet has a very fierce development, including Peer-to-peer , it will speed up the interest rate marketization, the internet finance brings not the financial media, but the financial media, it will replace the traditional medium into a new medium, less efficient, lower cost, faster and more convenient.

Summary, Internet finance is a pig, is the head of the crazy pig, how do we grasp this opportunity, internet finance is unstoppable and our Internet financial impact on traditional finance is not tinkering, but subversion and reconstruction, ten years later, so only the financial left. The last word, the current regulatory layer gives us a very good environment, so we have to firmly remember that we must not touch the red line, absolutely can not be the baseline, we can do anything other than the state ban, but absolutely can not do anything that the state has forbidden. Subversion means great opportunities. Let us work together. Thank you for your sponsorship.