How to treat Internet finance?

Internet finance refers to a new type of finance that relies on Internet tools such as payment, cloud computing, social networks and search engines to achieve financial intermediation, payment and information intermediary.

Internet finance is a new field that combines traditional financial industry with Internet spirit. The difference between Internet finance and traditional finance lies not only in the different media used in financial business, but also in the fact that financial participants know the essence of "openness, equality, cooperation and sharing" of the Internet. Through the Internet, mobile Internet and other tools, traditional financial services have a series of characteristics, such as greater transparency, higher participation, better collaboration, lower intermediate costs, more convenient operation and so on. Theoretically, any Internet application involving generalized finance should be Internet finance, including but not limited to payment for the third party, sales of online wealth management products, credit evaluation and audit, financial intermediary, financial e-commerce and other modes.

Internet finance is not a simple combination of the Internet and the financial industry, but a new model and new business that naturally comes into being to meet the new demand after being familiar with and accepted by users at the level of network technology such as security and mobile (especially the acceptance of e-commerce).

The development of Internet finance has gone through many stages, such as online banking, third-party payment, personal loans and corporate financing. Moreover, it is getting deeper and deeper into the core of traditional financial business in terms of financing and matching between the supply and demand sides of funds.