What is the impact of Internet finance on traditional commercial banks?

The impact of Internet finance on traditional commercial banks is mainly business-level impact and earnings growth.

I. The impact of Internet finance on the business level of commercial banks.

There is a point to be raised first, I am subjectively reluctant to collectively refer to commercial banks as traditional commercial banks, one is that this seems to be the existence of an opposing mapping and Internet finance; secondly, a new, an old, "traditional" word sounds retro, but the truth is that no matter how the rise of the Internet finance, banks as a financial institution for hundreds of years rooted in society, the world is difficult to detach from it, the world is the most important thing. society as a financial institution, the world can hardly function independently from it.

So, the emergence of Internet finance to commercial banks, not impact, not antagonism, but a deeper complementary and progressive significance, in this thinking to see the transformation, is the right perspective.

So around this idea, business level, according to the general division of commercial banks: assets, liabilities and intermediary business accounted for the largest, but also by the Internet financial impact to varying degrees.

Second, the impact of Internet finance on commercial bank earnings growth.

The innate characteristics of Internet finance, as well as new advantages derived from the development, and commercial banks' financial products compared with the differences are obvious, to a certain extent, affecting the bank's earnings growth

Third, the overall analysis of the impact of Internet finance on commercial banks.

As of 2018, the transformation of commercial banks at this stage, almost all for its timely adjustment based on market realities, and based on the macro-economy into the new normal background, the bank must also be based on the external environment to make dynamic changes.