What will be the development trend of traditional finance and Internet finance

Internet finance emerged in 2014, and the 2015 National People's Congress put forward "Internet +", which provides better conditions for the development of Internet finance. Merchants godfather Lu Yinguang also mentioned in an interview with "Manager": Internet finance is an indispensable part of "Internet +". Like the taxi market, Internet finance is also considered to be an important field to subvert the traditional industry. The following China Merchants Express Research Center on the current situation and development trend of Internet finance, such as a brief analysis.

I. The current situation of Internet finance: fast development and wide coverage.

In February 2014 Alipay launched the balance treasure, triggering a boom in Internet finance, Tencent, Baidu and other Internet giants have joined the fray. In the ascendant, ant microcredit, P2P lending platforms, crowdfunding and other platforms are all on the scene, Internet finance presents a variety of modes of vigorous development.

Two, the development trend of Internet finance: the survival of the fittest, traditional financial institutions strong.

Because the concept of "Internet finance" appeared in too short a period of time, the lack of Internet finance, the lack of corresponding management countermeasures, P2P, for example, P2P net lending access threshold is low and the lack of management, chaotic phenomena, a lot of online lending platforms have been exposed to the "closure of the road" event. Many online lending platforms have been exposed to "collapse and run away" events. With the continuous improvement of the policy, risk control ability, cost control ability and more capital strength of the Internet financial enterprises will continue to survive, other enterprises will be acquired and merged, the industry is reshuffling.

The force to be reckoned with - traditional financial institutions, banks, insurance, securities and other traditional financial institutions have a solid foundation, although the start is slower, under the guidance of the Internet thinking, China Merchants Bank launched WeChat Bank; recently Industrial and Commercial Bank of China set up an Internet financial marketing center co-ordination. Recently, ICBC has set up an Internet finance marketing center to coordinate the "e-ICBC" and related businesses such as Rong e-shopping, e-payment, online POS, etc. Traditional financial institutions are continuously transforming and actively responding to the Internet. Traditional finance is constantly transforming and actively responding to change, and with the support of policy, traditional financial institutions will be more explosive and more desirable.

Third, the constraints of Internet finance

Internet finance is based on risk management, information security, Internet technology. The general environment, Internet finance-related policies are not yet perfect, the internal management of enterprises also lacks practice, risk management ability is not strong, restricting the development of Internet financial enterprises. Internet information security problems are prominent, network financial vulnerability should not be ignored, once the hacker attack, the Internet financial operations will be affected, and even jeopardize the safety of user funds and personal information security.