Zhang Chaoyang: Let go of internet finance not 10 years catch up with US financial industry

Who will be next to be overthrown by the Internet. The answer is already on the horizon. Since the beginning of the balance treasure, an Internet subversive movement of finance, the bank precarious from the crisis, the regulatory authorities closely concerned about the forces to itch.

As China's most senior internet person, even Zhang is eager to express his views on internet finance, in April 18, Sohu hosted the "New Economic and Financial" Summit Forum, Charles Zhang called: "The release of internet finance, less than 10 years to catch up with the U.S. financial industry." ”

"The success of the Internet is a result of the fierce, almost fair competition, from tens of thousands of internet companies," Zhang said. A country's economy is strong, or anywhere the economy wants to be strong, I like to say one of the words is "competition", fair competition. When there is such an industry, it produces a very good organization, and these organizations in the traditional industry when the results are predictable, he will be in the end. Internet finance is a natural process, so long as the internet finance is reasonably liberalized, China's financial industry in 10 years, will be as vibrant as the U.S. financial industry, will produce China's Goldman Sachs, China's Morgan Stanley, China's great banks and investment bank. ”

This is also Zhang's consistent thinking, he is a free market competition believer. He has expressed his support for this free competition in the past, whether it was a portal dispute or a current video contest. But at present, Sohu itself has not had any attitude to internet finance, perhaps the voice of Charles Zhang can be understood as a more objective third party viewpoint.

He also said that in the context of the entire Internet finance, the emergence of the internet is taking over the Chinese economy, this phenomenon is more intense than the United States. And that gives China a chance to leapfrog.

Perhaps all this internet financial experience, Charles Zhang has déjà vu. In the media, broadcasting, video, communications and other fields, are basically experiencing a process of being replaced by the internet, "China's internet in the takeover of the Chinese economy," the phenomenon of more violent than the United States, in China only the Internet industry has really achieved almost pure market economy. Competition is the most intense, the most fair competition in a state.

It is not hard to understand why he appealed for policy liberalisation. He said, "the financial industry is currently China's most competitive industry, many industries are more serious protection, the less competitive." Economic strength and development need to rely on fair competition. The financial industry needs to involve private enterprises, especially if the Internet industry is involved, to be improved. ”

The forum is divided into four main topics: "The status and future of internet finance companies", "Internet Innovators", "traditional financial sector transformation" and "investment direction of internet companies". Everyone loans, favorable network, good Credit network, 91 financial supermarkets, Chano Group and other corporate founders also shared their views, "with the balance of treasure, internet banking, electronic banking and so on, Peer-to-peer is undoubtedly the most innovative Internet financial form, but also for the traditional financial industry has the largest possible mode of subversion, Compared with the United States and other financial markets, domestic interest rate control, banks alone, indirect financing occupies an absolute proportion and the weakness of the capital market, so that people for China's peer-to-peer companies to give exceptionally high expectations. ”

In the transition of traditional financial industry, Citic Bank, Lakara, Jin Lian line, Hai Bo Intelligence, such as front-line financial services enterprises and domestic process information technology, together with the top experts to explore the Internet financial field of innovation and security, and to the Internet can reshape the future financial order, pry into the traditional financial lever again where, The question of how financial institutions can change the present situation in order to avoid being eroded and so on has been comprehensively rethought.

Industry analysts pointed out that the 2013, the Internet financial wave in the eve of the interest rate liberalization of the unexpected arrival of the traditional banks brought unprecedented impact. With the development of Internet technology, financial innovation has emerged, the next 10 years, the first major impact of the traditional financial industry from the Internet's "aggravating."