What is the future development trend of the financial industry? Forecast the future development trend of the financial industry.

Definition and Scope of Internet Consumer Finance

Internet consumer finance refers to the whole process of online application, review, lending and repayment with the help of the Internet. Internet consumption in a broad sense includes the internetization of traditional consumer finance, while Internet consumer finance in a narrow sense only refers to the consumer finance platform established by Internet companies.

With the development of the industry and technological innovation, consumer finance is rapidly expanding from the traditional scene of high-income people and large-scale low-frequency consumption to the scene of low-income people and small-scale high-frequency consumption. Traditional consumer finance mainly focuses on large-scale low-frequency consumption scenarios such as buying a house and a car. Most of the users are high-net-worth people, and less coverage is given to low-income people such as students, farmers and blue-collar workers.

With the rapid development of mobile Internet and the innovation of big data credit technology in recent years, consumer finance is rapidly infiltrating into the daily life of the public, and is currently being applied to college students, blue-collar groups and so on.

3C digital products, tourism, catering and other small high-frequency consumption scenarios have expanded rapidly.

The scale of Internet consumer finance lending in China

With the development of China's economy, people's living standards are constantly improving, and consumer demand is also increasing, especially medical care, tourism and more and more services. The development of Internet technology and the new sales model have greatly changed people's lives, thus promoting the development of Internet consumer finance. According to the Analysis Report on Market Foresight and Investment Strategy Planning of Consumer Finance Industry issued by Forward-looking Industry Research Institute, it is estimated that the scale of Internet consumer finance lending in China will reach 4.20 trillion yuan in 20 17. At present, the penetration rate of Internet consumer finance is about 20% to 30%, and the Internet consumer finance industry is still a blue ocean. It is estimated that the scale of Internet consumer finance lending in China will further expand to 9.5% in 20 18.

The application of Internet consumer finance in the field of e-commerce is currently in the process of credit accumulation. After data precipitation is realized in the future, it will become a general trend to provide more value-added services beyond products based on credit data of personal accounts.

Positive signals of policies have been continuously released, and various forces have accelerated the layout.

From the policy point of view, 20 16 will be the first year of internet financial supervision, especially since 20 15, the major risks of P2P make supervision imminent. Compared with the proposal of "developing inclusive finance vigorously" put forward by 20 15, the proposal of 20 16 is more inclined to industry legislation and policy supervision. While strengthening the supervision of Internet finance, vigorously encouraging the development of consumer finance has become another main theme. On June 20 15, the executive meeting of the State Council decided to liberalize the market access of consumer finance. In October, 2065438+016543810, the State Council issued "Guiding Opinions on Actively Playing the Leading Role of New Consumption and Accelerating the Cultivation of New Supply Power", which expanded the pilot scope of consumer finance companies to the whole country.

From the top, it has released a huge positive signal and policy dividend to consumer finance.

Consumer finance is the first choice for bank retail transformation.

In recent years, affected by the cyclical operation of the economy, the economic benefits of enterprises in various industries in China have generally declined, and they are facing great difficulties in public operation. Banks have put forward strategies for retail transformation. Retail transformation helps to save bank capital, at the same time, obtain higher rate of return and reduce the rate of non-performing loans.

According to the Measures for Capital Management of Commercial Banks (Trial) promulgated by CBRC 20 12, when calculating credit risk-weighted assets by weight method, the risk weight of individual housing mortgage loan is 50%, and the risk weight of other individual creditor's rights is 75%, which are lower than the risk weight of general corporate creditor's rights 100%. Among the listed banks, except the five major banks and Huaxia Bank, all other banks have announced refinancing plans this year, which shows that commercial banks are facing greater capital pressure, and developing retail credit business can alleviate the capital constraints faced by banks to some extent.

Consumer finance in China is in a high-speed development stage, and the number of participants is increasing gradually.

With the help of franchisees, featured outlets, online banking, mobile services, credit cards and other multi-channel services, commercial banks have increased their support for the new consumer credit field; The number of licensed consumer finance companies has increased to 22, and another 8 are applying and preparing; Internet e-commerce platforms and vertical scenarios in segmentation areas actively embed consumer financial products into consumption scenarios and continuously accumulate credit data;

Internet financial platforms such as P2P online lending and small loan companies also actively cut into consumer finance and provide consumer finance loans. With the help of internet channels and modes, consumer finance has continuously expanded its service groups, including migrant workers and other low-end groups without cards, such as college students, so as to obtain financial services.

However, the construction of personal credit information system in China is not perfect, and the construction of consumer financial risk control is still in its infancy. The expansion of the scale of consumer finance and the sinking of the service crowd have aggravated the bad debt risk faced by the consumer finance platform.

Consumer finance companies: the existing business model has a small audience, and it is urgent to enrich and innovate its own service model.

Consumer finance companies are basically low-income groups in customer orientation, and the auditing standards are generally looser than those of banks, and the loan amount is also higher. The services of consumer finance companies and the personal credit business of banks are seriously homogenized, but the overall strength and consumer acceptance are still far behind banks. Bank is a consumer finance company, among which Yin Bei Consumer Finance Company has the largest business scale, and has formed five loan channel systems: education and training, mobile phone communication, white goods, decoration, wedding mother and baby. Non-bank consumer finance companies, on the other hand, take "consumption" as the starting point, make use of the natural advantages of businesses and better understand the needs of consumers. The main customers are low-income groups, mainly durable consumer goods loans. Non-bank consumer finance companies are represented by Haier consumer finance and Suning consumer finance.

E-commerce platform: obvious user coverage advantages, outstanding business innovation and big data strength.

The consumer finance mode of e-commerce platform mainly relies on its own Internet platform to provide installment shopping and small consumer loan services for self-operated goods and goods of merchants with open e-commerce platform. The approval process is convenient and efficient, and some of them are in the form of credit lines, which do not need to be reviewed one by one. Because e-commerce has obvious advantages in Internet finance, online retail, business innovation, big data and other fields, it has the strongest comprehensive strength in the consumer finance industry and will lead the future market development trend. Ant Flower Bud and JD.COM White Bar are typical consumer financial products of e-commerce platform.