And Xu mingwei: finance formal entry into China’s economic and financial development of the Internet series
On December 18, jointly organised by Xinhua and the Chinese Academy of Sciences, the Internet magazine of the 2014 annual meeting of the China Internet economy Finance Forum held in JW Marriott Hotel Beijing. From the Internet financial sector trade associations, well-known experts and entrepreneurs focused on Internet financial opportunities and challenges, the development of new models, inclusive financial, makes a deep analysis and research. Event highlights are as follows:
Xinhua and Xu mingwei, President Assistant and produced by Center:
2014 “Internet banking” is a buzzword, and this year’s “two sessions” on Government work report mentioned: promoting the healthy development of Internet banking, improving the coordination of financial supervision mechanisms. Finance this term for the first time on the Internet is written to the Government work report, marked the series on China’s economic and financial development of Internet banking official, received attention at the decision-making level. Compared with the traditional financial and Internet financial cost in convenience, service, and product innovation, information technology and product threshold has obvious advantages, and indeed to no small impact on the traditional banking business. But we also see Internet technology with traditional financial firms more opportunity. Technology innovation, business model innovation, but as the essence of the financial business will not change.
Traditional finance via the Internet, to existing business models, organizational structures and products change and innovation, and boost operational efficiency. Last year, as very concerned about the development of Internet banking in China website, we also noted that the financial promotion of the Internet, traditional finance has developed self transformation, self adjusting one of the fastest stages, gradually found new direction. Bank with some micro-banks, direct banks, insurers launched a number of Boli product, launch insurance online mall, brokerages to introduce many new products. Internet financial brings traditional industries is a challenge, but more active and innovative, using Internet technologies, through large data support and convenient user experience, better user quickly pushed in front of a wide range of users.
New media technology has spawned a new business mode, how to provide customers with the whole process of financial innovation through the Internet service, increased contact, and gain the initiative in the financial tide, better for the real economy in a new normal economy, we make more in-depth thinking. Most important of these is the responsibility of the financial firms on the Internet with respect, reverence to follow basic rules of internal demand, use of data and new technology in risk management, funds for the community channel, and for the real economy. We also look forward, with such an influential and credible platform, and create a favorable credit environment of industry to promote the Internet construction of credit system of the financial sector, through the force of public opinion, the media voices to create Internet banking brand, boost financial sector reform and development.
China’s rapid economic development and financial integration of the Internet provides fertile soil, and consumers from the financial vicissitudes of financial services in the Internet convenient and fast. Enterprise Innovation and industry regulation are maturing, Internet banking will become double the most growth in the field of Internet and finance industries.