4 thoughts on “How to understand Internet finance?”
Kari
Internet finance uses Internet technology to achieve point -to -point investment through information matching and efficient matching. There are many large Internet financial companies' risk control and low risk, such as Renren, Lu Jin, CreditEase, 91 Finance, all capital, etc.
The future trend is Internet finance, especially digital currency ytc coin wealth management. The scarcity rules determine, is not artificial, so there will be no foam. ytc currency limited issuance to prevent foaming, This to prevent water disassembly from rising and preventing the total depreciation of the total currency.
Pay content for time limit to check for freenAnswer Hello, at present, Internet finance has developed rapidly. From well -known P2P, crowdfunding, Alipay, WeChat payment, and online consumer finance that are closely related to our lives, we can say that Internet finance has penetrated into our lives All areas. Compared with the traditional financial industry, Internet finance is "smart finance" and "new business finance" developed by the development of science and technology. It is a new type of credit model based on the Internet as the carrier and big data. The advantages of low investment thresholds, low transaction costs, convenient investment and financing, and can also use big data to provide customers with more humane services to truly be customer -centric. The development of Internet finance has broken the monopoly of traditional finance and has become an important supplement to the traditional financial system. It has promoted the reasonable allocation of financial resources and the effective flow of social funds [Smile]nIf you have any questions, leave a message again ~ [Watching] [Watching]
I personally think that the emergence of Internet finance is a good thing, and it is also a matter of advancing with the times. The Internet is just a tool, and finance itself is risky. Because the Internet has a rapid effect on risks, the problem will erupt in a short period of time. In fact, the development of any industry is mature. Internet finance has the following risks: The first is the risk of credit breach, that is, whether Internet wealth management products can achieve their commitment investment yields. Example . For example, the current yield of Alibaba's Yu'ebao is less than 5%, and the nature of Yu'ebao is a currency market fund. However, Baidu Baiya's expected yield is as high as 8%, which can not help but let us want to ask, what is the basis for Bai Fa's final investment What is assets? In the global economic growth, China's potential economic growth rate decreases, domestic manufacturing industries, domestic manufacturing industries In the context of existence of excess capacity, insufficient domestic service industry, and the risk of shadow banking systems, how to achieve the high yield of 8%? In addition to making bridge loans to enterprises, as well as real estate developers and local financing platforms financing platform financing platforms and local financing platforms. In addition, what other high yields are investment channels? It is the risk of mismatch in time, that is, the investment assets of Internet wealth management products are long, and the debt is short. Once the debt expires, it cannot be on time. Rolling the risk of liquidity. When , a major feature of financial institutions is to transform short -term funds into long -term funds. Therefore, financial institutions will face different degrees of term mismatch, and the key is the degree of mismatch. Think of the promise given by Baidu Baili is M allowing investors to be redeemed at any time, which undoubtedly exacerbates liquidity risks to the greatest extent. It is necessary to allow redeemed at any time, but also give 8%of the expected return. Of course, it will make investors who lack experienced investors rejoicing, but it will also make investors with rich . The third is the risk of the last lender. As mentioned earlier, although commercial banks are also facing the risk of time limit, wealth management products issued by commercial banks are also facing the risk of credit breach and the risk of mismatches of time limit, an important difference compared to Internet finance is that commercial banks are that commercial banks Final The support from the last lender provided by the central bank. Of course, this support is very expensive. For example, commercial banks must pay 20%of the legal deposit reserve, their own capital adequacy rate must be higher than 8%, and must meet The requirements for sex ratio, etc. In contrast, Internet finance is currently facing a lack of supervision, so the operating cost is low, but if the last lender is lacking, once the Internet The financial product breach, who will pay for it? Internet financial enterprises have the ability to build Is a strong autonomous risk defense system? In addition to the above -mentioned traditional risks, China's Internet financial products also face a series of unique risks. The following author will sort out these risks according to the importance of high to low: The first is legal risk. Me The front Internet financial industry is still in the same state of no threshold, no standard, and no supervision. This has led to some Internet financial products (especially wealth management products) walking in the gray area between legal and illegal, and may be The high -voltage lines to touch the "illegal absorption of public deposits" or "illegal fundraising" Essence For example, some time ago, Tianli Loan in Hubei Province was squeezed and stopped after running for half a year, which was filed by illegally absorbing public deposits. Due to the lack of thresholds and standards, the current Chinese Internet finance field is mixed, and the practitioners are impetuous and upward. Once the Internet financial foam is formed and a large default pattern, it is easy to cause The Chinese government Tighten the control of Internet finance prematurely to curb the sustainable development of the industry. China's Internet financial industry should avoid repeating the chaos in the early days of the trust industry and the development of the securities industry. The second is to increase the difficulty of the central bank's monetary credit regulation. In terms of , Internet financial innovation has led the central bank's traditional monetary policy to face a series of challenges. For example, whether virtual currency (such as Q coins) should be included in M1? For more, because Internet financial companies are not restricted by legal deposit , this actually leads to the enlarged currency multiplication. Another example, how to look at the interaction and transformation between traditional currency and virtual currency? On the other hand, the development of Internet finance has also weakened the effect of the central government To credit policy. For example, if the traditional financing channels for real estate developers are tightened, then it is likely to consider financing through Internet finance. In fact, in the past year, the development of China's Internet wealth management products in the past year, . Its macro background has tightened the monitoring of the shadow banking system with the Chinese government, leading to market entities such as local financing platforms and real estate developers. The source of financing is related. The third is the risk of being abused by personal credit information. First of all, through data mining and data analysis by Internet financial enterprises, obtain credit information from individuals and enterprises, and use it for the main basis of credit rating. Is this move reasonable and legal? Second, whether the information obtained through the above channels can it really be truly obtained? Fully and accurately measure the credit risk of the subject of the rated subject. Is there a selective error and a systematic deviation in this? The fourth is the problem of information asymmetry and information transparency. As mentioned earlier, the Internet financial industry is currently in a state of lack of supervision. So, who will verify the authenticity of the final borrower's information? Is there an independent third party to perform risk management and control? How to prevent the itself of the Internet financial enterprise's itself? After all, the relevant survey shows that among Internet P2P companies, There are only about 20 % of the professional risk control team. The fifth is technical risk. Unlike It traditional commercial banks have a very independent communication network. Internet financial companies are in an open network communication system. The encryption technology is not perfect, which makes it easy for the Internet financial system to be attacked by computer viruses and online hackers. At present, considering the risk of being stolen by the Internet financial account, many people have hindered many people to participate in the Internet gold . Among them, there are no professional financial or IT people. Therefore, Internet companies must make continuous high investment in their own trading systems, data systems, etc. to ensure security, which will undoubtedly increase the operating costs of Internet financial companies , weakening its cost advantage of its relatively good cost in the traditional financial industry Essence The It mentioned above, since Chinese Internet financial companies are facing so many risks at the beginning, should it be slowed down or even stifled this precious financial innovation? Answer? Answer Naturally, it is negative. The relevant parties should promote the steady and sustainable development of Internet finance on the basis of fully considering potential risks. The relevant suggestions made by the author include: First, the industry's self -discipline should be fully strengthened. Use industry access to replace the government approval, and generally take the role of strengthening industry associations to help regulate the development of the industry and avoid excessive government intervention. At present, Zhongguancun Internet Financial Industry Association, as well as thousands of Internet finance, is a beneficial attempt; second, should strengthen investor education, and fully remind investors to invest in the risks that may face Internet financial products, and the risks that the Internet financial products may face, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that the Internet financial products may face, and the risks that may be faced with the Internet financial products, and they should This risk is significantly higher than the risk of traditional financial products in similar investment; third, we should strengthen network security pipe , and prevent system paralysis caused by hackers from higher levels; fourth, regulators should build flexibility for flexibility A targeted and elastic regulatory system must not only make up for the shortage of supervision and avoid excessive supervision.
Internet finance uses Internet technology to achieve point -to -point investment through information matching and efficient matching. There are many large Internet financial companies' risk control and low risk, such as Renren, Lu Jin, CreditEase, 91 Finance, all capital, etc.
The future trend is Internet finance, especially digital currency
ytc coin wealth management. The scarcity rules determine,
is not artificial, so there will be no foam.
ytc currency limited issuance to prevent foaming,
This to prevent water disassembly from rising and preventing the total depreciation of the total currency.
Pay content for time limit to check for freenAnswer Hello, at present, Internet finance has developed rapidly. From well -known P2P, crowdfunding, Alipay, WeChat payment, and online consumer finance that are closely related to our lives, we can say that Internet finance has penetrated into our lives All areas. Compared with the traditional financial industry, Internet finance is "smart finance" and "new business finance" developed by the development of science and technology. It is a new type of credit model based on the Internet as the carrier and big data. The advantages of low investment thresholds, low transaction costs, convenient investment and financing, and can also use big data to provide customers with more humane services to truly be customer -centric. The development of Internet finance has broken the monopoly of traditional finance and has become an important supplement to the traditional financial system. It has promoted the reasonable allocation of financial resources and the effective flow of social funds [Smile]nIf you have any questions, leave a message again ~ [Watching] [Watching]
I personally think that the emergence of Internet finance is a good thing, and it is also a matter of advancing with the times. The Internet is just a tool, and finance itself is risky. Because the Internet has a rapid effect on risks, the problem will erupt in a short period of time. In fact, the development of any industry is mature. Internet finance has the following risks:
The first is the risk of credit breach, that is, whether Internet wealth management products can achieve their commitment investment yields. Example
. For example, the current yield of Alibaba's Yu'ebao is less than 5%, and the nature of Yu'ebao is a currency market fund. However, Baidu Baiya's expected yield is as high as 8%, which can not help but let us want to ask, what is the basis for Bai Fa's final investment
What is assets? In the global economic growth, China's potential economic growth rate decreases, domestic manufacturing industries, domestic manufacturing industries In the context of existence of excess capacity, insufficient domestic service industry, and the risk of shadow banking systems, how to achieve the high yield of
8%? In addition to making bridge loans to enterprises, as well as real estate developers and local financing platforms financing platform financing platforms and local financing platforms. In addition, what other high yields are investment channels?
It is the risk of mismatch in time, that is, the investment assets of Internet wealth management products are long, and the debt is short. Once the debt expires, it cannot be on time. Rolling the risk of liquidity. When
, a major feature of financial institutions is to transform short -term funds into long -term funds. Therefore, financial institutions will face different degrees of term mismatch, and the key is the degree of mismatch. Think of the promise given by Baidu Baili is
M allowing investors to be redeemed at any time, which undoubtedly exacerbates liquidity risks to the greatest extent. It is necessary to allow redeemed at any time, but also give 8%of the expected return. Of course, it will make investors who lack experienced investors rejoicing, but it will also make investors with rich
.
The third is the risk of the last lender. As mentioned earlier, although commercial banks are also facing the risk of time limit, wealth management products issued by commercial banks are also facing the risk of credit breach and the risk of mismatches of time limit, an important difference compared to Internet finance is that commercial banks are that commercial banks Final
The support from the last lender provided by the central bank. Of course, this support is very expensive. For example, commercial banks must pay 20%of the legal deposit reserve, their own capital adequacy rate must be higher than 8%, and must meet
The requirements for sex ratio, etc. In contrast, Internet finance is currently facing a lack of supervision, so the operating cost is low, but if the last lender is lacking, once the Internet
The financial product breach, who will pay for it? Internet financial enterprises have the ability to build Is a strong autonomous risk defense system?
In addition to the above -mentioned traditional risks, China's Internet financial products also face a series of unique risks. The following author will sort out these risks according to the importance of high to low:
The first is legal risk. Me
The front Internet financial industry is still in the same state of no threshold, no standard, and no supervision. This has led to some Internet financial products (especially wealth management products) walking in the gray area between legal and illegal, and may be
The high -voltage lines to touch the "illegal absorption of public deposits" or "illegal fundraising" Essence For example, some time ago, Tianli Loan in Hubei Province was squeezed and stopped after running for half a year, which was filed by illegally absorbing public deposits.
Due to the lack of thresholds and standards, the current Chinese Internet finance field is mixed, and the practitioners are impetuous and upward. Once the Internet financial foam is formed and a large default pattern, it is easy to cause
The Chinese government Tighten the control of Internet finance prematurely to curb the sustainable development of the industry. China's Internet financial industry should avoid repeating the chaos in the early days of the trust industry and the development of the securities industry.
The second is to increase the difficulty of the central bank's monetary credit regulation. In terms of
, Internet financial innovation has led the central bank's traditional monetary policy to face a series of challenges. For example, whether virtual currency (such as Q coins) should be included in M1? For more, because Internet financial companies are not restricted by legal deposit
, this actually leads to the enlarged currency multiplication. Another example, how to look at the interaction and transformation between traditional currency and virtual currency? On the other hand, the development of Internet finance has also weakened the effect of the central government
To credit policy. For example, if the traditional financing channels for real estate developers are tightened, then it is likely to consider financing through Internet finance. In fact, in the past year, the development of China's Internet wealth management products in the past year,
. Its macro background has tightened the monitoring of the shadow banking system with the Chinese government, leading to market entities such as local financing platforms and real estate developers. The source of financing is related.
The third is the risk of being abused by personal credit information. First of all, through data mining and data analysis by Internet financial enterprises, obtain credit information from individuals and enterprises, and use it for the main basis of credit rating. Is this move reasonable and legal? Second, whether the information obtained through the above channels can it really be truly obtained? Fully and accurately measure the credit risk of the subject of the rated subject. Is there a selective error and a systematic deviation in this?
The fourth is the problem of information asymmetry and information transparency. As mentioned earlier, the Internet financial industry is currently in a state of lack of supervision. So, who will verify the authenticity of the final borrower's information? Is there an independent third party to perform risk management and control? How to prevent the itself of the Internet financial enterprise's itself? After all, the relevant survey shows that among Internet P2P companies, There are only about 20 % of the professional risk control team.
The fifth is technical risk. Unlike
It traditional commercial banks have a very independent communication network. Internet financial companies are in an open network communication system.
The encryption technology is not perfect, which makes it easy for the Internet financial system to be attacked by computer viruses and online hackers. At present, considering the risk of being stolen by the Internet financial account, many people have hindered many people to participate in the Internet gold
. Among them, there are no professional financial or IT people. Therefore, Internet companies must make continuous high investment in their own trading systems, data systems, etc. to ensure security, which will undoubtedly increase the operating costs of Internet financial companies
, weakening its cost advantage of its relatively good cost in the traditional financial industry Essence
The
It mentioned above, since Chinese Internet financial companies are facing so many risks at the beginning, should it be slowed down or even stifled this precious financial innovation? Answer? Answer Naturally, it is negative. The relevant parties
should promote the steady and sustainable development of Internet finance on the basis of fully considering potential risks. The relevant suggestions made by the author include: First, the industry's self -discipline should be fully strengthened. Use industry access to replace the government approval, and generally take the role of strengthening industry associations to help regulate the development of the industry and avoid excessive government intervention. At present, Zhongguancun Internet Financial Industry Association, as well as thousands of Internet finance, is a beneficial attempt; second,
should strengthen investor education, and fully remind investors to invest in the risks that may face Internet financial products, and the risks that the Internet financial products may face, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that may face the Internet financial products, and the risks that the Internet financial products may face, and the risks that may be faced with the Internet financial products, and they should This risk is significantly higher than the risk of traditional financial products in similar investment; third, we should strengthen network security pipe
, and prevent system paralysis caused by hackers from higher levels; fourth, regulators should build flexibility for flexibility A targeted and elastic regulatory system must not only make up for the shortage of supervision and avoid excessive supervision.