Feng Yongchang: Internet banking will usher in a flourishing industry trends
2014 the 12th annual meeting of the China Internet economy held in Beijing on December 18. Internet banking halls, micro-network technology (Beijing) Co Chairman Feng Yongchang pointed out that, based on the industrial logic of the Internet industry to diversify itself, Internet financial it must be flourishing industry trend. Following is a video:
We have been told we do Internet securities finance. Internet securities finance, I think there are two branches, a buyer, a seller, the buyer is called the Internet Fund, all the leading wealth has done this very, very extreme, another seller, called Internet security, which I want to share content.
Tell me all those years of experience, traces of networks why such a thing? I itself is big data scientists, in 88 years Qian learn this things, when we school big data, is Dr graduated zhihou public raised Fund early of practitioners, is early I on do public raised Fund products of innovation, at we do public raised Fund when has a views, we told future public raised innovation has three species possibilities: a is investment management capacity of innovation, because that era just experience Securities Fund early of technology analysis dealer to statements will said Buffett of stage; II is products structure of innovation, Current rating Fund structuring, when we tell clients with different risk between income adjustments to match the product structure innovation, 3rd channel innovation, because most of the time all of the company’s chart of accounts of the Fund are bank owned, then unequal distribution of fund companies with banks, so say channel innovation.
Later why has domestic maximum of insurance class products I also not surprised, because this products zhiqian eight years Qian when the founder on on channel innovation has a views, but when not knows has Internet, not knows Internet development so big, but that era we told has a “innovation map”. to has 2010 is a turning point, because experience has 06, and 07, this two years completely let public raised Fund also became has industry, that era is Bank told “fire, and anti-theft, and anti-Fund”, 07 public fund becomes very big and on the industry, 08 years had unexpectedly plunged, 09 a significant pullback. 08 for all the Fund’s income should go to the historical peak, as it passes through the management revolution make.
2010 what is the tipping point? Some seemingly unrelated fragments had resonance for a time, such as the allocation of public funds on the one hand allows a lot of fund managers out to sea, a group based on the trust of the private equity fund, in addition, the launch of index futures, with genuine hedging tools. Third, the financial markets entered slightly slow vibration stage, before financial stocks with funds just to fan up to find a way out, so 2010 was the Fund’s first year of absolute returns. Investment of over 1 million high net worth customers have a variety of ways, but 1 million following exactly the regulation of watershed, or from their own social level really they need a way to manage money for.
2010 years ago, people have no concept of money, just turning savings into investment ideas, subsequently found that investment risks began fiscal 2010 can be the start of absolute returns. Launch of stock index futures generate Alpha for index hedge (voice) offers possibilities, this model yields at about 15%, when a group of private equity funds. Now do it a private nearly more than 500 families. Do hedge funds in 2010, we found there is a problem, is that hedge funds and supplies are scarce, so no go. My friend had a, the idea was to make an issue of it, I think wealth is a master of this path all the way.
Because of my background and interest in trading and securities, my first company is a supplier of technical supply, quantitative investment branches require specific platforms, technologies, data, the company next year to a new ban. Why then I suddenly wanted to trace network such a thing? Central point was that in 2010, found people with low net absolute returns during market growth demands were not met, on the one hand, economic downturn, financing costs have a very high debt, market rate of return is very high, on the other hand, people have no other investment channels. Later on we take into account the quantitative investment technology has become more robust, provider groups become large, so we began retail sales of hedge funds through securities accounts, hire a model, 5 minute user experience, buying a policy, binding, 7*24 hours, you worry, everything in the cloud, give you good returns. Claims related to the strategy, the risk-free yield 5%, 6%, also has a relatively high risk of stock index futures higher income strategy, another way to meet the financial needs of low-net-worth clients. We provide this strategy through a securities account to meet the financial needs of customers. We found that foreign companies with similar, previous Sequoia World Internet Conference focused on micro-mesh models. The Internet itself is a very diverse industry logic, financial situation it must be creative industry on the Internet.
Recent changes in the stock market, I would like to remind us, this change is likely to have some impact on industry. Is what we see today in the securities, the fund industry is in the midst of a bull on created out of form, this is the essence of the law. Today we saw a lot of big securities companies and fund companies during the bull market was a small company no one knew before, so the stock market will change a lot of things.
While we are doing in these four years, more Internet logic, thinking of the Internet, we enjoy the mobile Internet of the technological innovation. Actual drive industry progress of has three article: first article is technology progress, is so-called of mobile interconnected; addition a article is big of social culture environment, and political environment, customer of user habits etc and on things of accept degrees; also has a is user market itself, in no bull of when people investment channel main is claims class of products, proceeds rate almost, then user experience very important, proceeds limited, main is which more convenient. But when bull markets, Internet is a logical extension of it has an additional dimension, making money in itself is the best user experience. So the bull market came to a lot of things will change, is at the heart of individual Internet users will resonate, in this time of two dimension about the industry, I think products like P2P, Po has a very large, is not only an opportunity, but also new challenges.
I I am mainly concerned about Internet securities finance, initiate in this regard, but I am very optimistic about, I hope you pay more attention to this area, in fact, user experience is simple, our conversion rates extremely high, which is a branch of Internet financial and supplementary.