Zhongguancun Internet Financial Center and the Jingxi pioneering work society

On the day before August 13, the Internet Finance Summit became the hottest forum for the 2013 Internet Conference. The whole venue was full, with more than 300 attendees from the Internet financial thousand-person meeting.

This is called the Internet Financial "mix" era, behind the internet and the financial industry of mutual infiltration. The heat of internet finance has also aroused the concern of the regulatory authorities. Previously, the relevant regulatory authorities said that, in a legitimate and reasonable circumstances, to encourage innovation in internet finance, the role of the Internet finance is affirmed.

"Internet finance should be part of the broader financial sector. Liu, deputy Governor of Central Bank, believes that traditional finance and internet finance have formed a trend of mutual game, mutual promotion and common development.

Xie, deputy general manager of China Investment Co., Ltd. predicts that internet finance is likely to become the third financing model in parallel with the current commercial banks and securities markets.

There are more than three kinds of shapes in the future

"There is also a new (third party payment) licence to be issued recently." "In a speech on August 13, Liu said the total amount of internet payments is now about 6 trillion, accounting for about 0.5% of the entire payment." Although the scale is still small, but the long tail characteristic of its internet is obvious, the future will continue to move forward.

In Liu's view, there are now 3 forms of internet finance: Internet payments, peer-to-peer and public financing. And around these three forms has appeared a lot of innovation, for example, Alipay balance treasure. In addition, securities, insurance, financial management also launched a new type of internet-based products, the future of these innovations will show vitality.

Currently, the third party to pay a total of 250 licences, of which more than 150 are prepaid cards, engaged in the internet to pay less than 100 enterprises. But it is these 100 innovative companies that have brought the first wave of vitality to internet finance.

This June, Alipay and Tianhong fund jointly launched the balance treasure, in the purchase process, user experience and so on have a lot of innovation. So, such as demand treasure, cash treasure and other similar financial products are beginning to be widely sought after, Shi Yuzhu is the opportunity to launch the full treasure. According to the reporter understands, every day fund net, several meters fund net, the Copper street and so on Enterprise also will borrow the balance treasure the fiery, launches own various financial management product.

Peer-to-peer Network loan Industry development has been 6 years, the overall market size of 20 billion yuan. From a positive point of view, Peer-to-peer to complement the existing financial structure, put the economy has a good role. Wing Lung Loan CEO constructed told reporters that its platform more than 90% of the borrowers are individuals and small micro-enterprises, mainly for personal consumption and business turnover.

Lu Jin Assistant general manager Huang Liming told reporters, Lu Jin platform, borrowers are often north, upper, broad, deep and other first-tier cities, and lenders are often more active private economic capital cities, as well as other second-tier cities. For example, Taizhou, Zhejiang, Anhui, Hefei, the number of lenders are more.

This reporter interviewed a number of internet finance industry executives, experts, they agreed that the future, the Internet and financial collision will be born many new forms, far more than now see 3 kinds.

And China's traditional financial services often serve large enterprises, the Internet financial opportunities lie in the financial. Xie that internet finance is a more democratic and more popular financial model, in the future, internet finance will become simpler, ordinary people can also innovate new products.

"Now that the financial is very deep, there are complex models and pricing methods, the future of these things are likely to be software, fixed." As long as you download a thing online, risk pricing comes out, this is the unique place of internet finance. Xie that all financial products are combinations of different data that can be handled via the Internet.

Building self-discipline and reducing risk

In the rapid development of internet finance, there are many problems, among which the Peer-to-peer network loan platform is more prominent. In recent years, the emergence of peer-to-peer network loans, high defaults, high risk, and into the offline, the establishment of a pool of funds to bring risks to the peer-to-peer.

At present, Peer-to-peer network lending is still in a regulatory vacuum, belonging to the "three no personnel." Because the Internet is not limited by time and space, the scale effect is obvious, peer-to-peer network loans may have a wide range of impact.

At the financial summit, Liu a tune on the Peer-to-peer. He believes that Peer-to-peer is a purely platform and cannot be dabbled in the offline. If a peer-to-peer claiming to be a platform, but more is offline business, is to change the concept, it will evolve into a pool of funds, and then the structure, credibility will be affected, the emergence of shadow banks. "There are two bottom lines that cannot be touched, illegally absorbing public deposits and illegally raising money." ”

Huang, director of the Institute of Financial Law at the Central University of Finance and Economics, said that in order to avoid financial risks, the net-loan company must focus on the platform, insist not illegal fund-raising, not direct lending, do not provide security.

In order to promote the healthy development of the industry, some third party organizations are also doing something meaningful. At the financial summit, the Internet financial IFC1000 issued a convention on self-regulation of the Internet financial industry. such as the Wing Dragon Loan, Rong 360, good credit net and so on more than 60 Internet financial enterprises have signed and said that the business activities will strictly abide by the Convention, do not touch the financial bottom line.

In addition, many Peer-to-peer network lending enterprises believe that the Internet can be used to control the risk of technical means. Lu Jin told reporters that at present, Lu Jin all a risk technology team introduced from the United States, the loan applicant's information input, and then based on statistics, large data analysis, reduce risk.

Xie that the core value of peer-to-peer loans is to eliminate the information asymmetry between the mass users, so as to reduce the credit risk to infinity. Now, he says, risks, scams, illegal fundraising and defaults are based on data and risk asymmetry. In the big data age, these problems can be solved.

Huang Liming also called on many times to call on the entire Peer-to-peer network credit sector cooperation, the establishment of an internal sharing information platform. For example, you can share some of the information of lenders, you can set up a third-party Internet Credit Center, using new Internet technology and information to build a Peer-to-peer database.