Internet finance

is a traditional financial institution with Internet companies. Realize financing, payment and investment

And information intermediary services. Like P2P network lending

Like equity crowdfunding

Business Model Classification of Internet Finance

There are different classification standards

First the first representative classification

People's Bank of China

In the 2014 China Financial Stability Report

Internet finance in China

Divided into six business models

Then these six business models

Internet payment

P2P network lending

Which is Peer to Peer

Individual-to-individual online lending

The third one is non-P2P

Online microfinance

The so-called non-P2P online microfinance

In other words, some e-commerce companies

Through what they control

Small loan companies

On their e-commerce platform

Related stores

And shoppers

A small loan

Then this loan

Are achieved through the network

Whether it is borrowing or repayment

The fourth application model is crowdfunding

Then the fifth business model

Innovative Internet platform for financial institutions

For example, a traditional bank

Traditional insurance company

They use the internet

To start their business

This is the fifth business model

Then the sixth

Is internet-based fund sales

In other words, the fund is

To sell

But the second one it changed

It becomes an online loan

In other words, borrow the previous P2P network

And non-P2P online microfinance

Just got together

It's called online lending

crowdfunding financing is mainly divided into two categories

One is called product crowdfunding

There is another category called equity crowdfunding

the third mode

They call equity crowdfunding

fourth mode Internet Fund Sales

fifth type of internet insurance

the sixth category

Internet Trust

trust and consumer finance

Are all supervised by this CBRC

prepaid card

These are also third-party payments

hen internet payment

Is to realize the payment function

The second category is called online banking

Internet banking he pays financing investment

Risk Management

These four functions can be satisfied

The bank must have a payment function

Transfers and so on

online microfinance

Is to lend to some stores on the e-commerce platform

Or consumer

the development of Internet finance in China

The first stage is before 2005: Internet finance and its development

Mainly reflected in

Internet as a financial institution

Provided technical support

Help financial institutions move their business online

For example, online banking appeared at this stage

Some traditional banks

Part of their business

Move to the Internet to apply

For example, our online bank transfer

Buy bank wealth management products online, etc.

Including insurance companies

He moved the sales of insurance products online

Fund companies move fund sales to the Internet

Then this stage of development

We can also simply summarize it as

Called finance plus internet

in the second stage of development

Which is from 2005 to 2012

So many of these financial products

Process Organizational Structure

Are based on Internet technology

Starting in 2013

Internet banking

Enter a new stage of developmentThe rapid development of P2P network lending

Crowdfunding financing platforms have also started

The first professional online insurance company ZHONG An

China Construction Bank

They specially launched a

Shanrong Business

Five aspects of positive significance for China

The first is to help develop inclusive finance

Make up for the shortcomings of traditional financial services

For example, like many individuals

And some small and micro enterprises

He might get a loan from the bank

Or financing from the capital market

There is no way to borrow money or raise money

Of course through the Internet finance

Some business models

They can

Get some financial support

For example, as we will talk about later

Like internet loan

Like Alibaba

On their e-commerce platform

Some stores

Mainly individual entrepreneurs

And these small and micro enterprises

The traditional banks don’t support him at all

Then with non-P2P online lending

Can get

The support of this loan from a small loan company

Second meaning

Contribute to the development of the role of private capital

Guide private finance towards standardization

In layman's terms

Is achieved through the network

Private lending

Or we call private finance

Then the P2P network lending platform

Positioning as an information intermediary

Then with this information intermediary service

We say this kind of private lending

Or private finance

Than our private financial

In fact, it will be more standardized

Will be more standardized

This is the second role we talk about

Specifically, we will follow related content

Will tell everyone

Then the third positive meaning

Is to meet the needs of e-commerce

Expand social consumption

Big data is the core of internet finance

Chap 5

Some cases of supervision

Ten ministries and commissions led by the people’s bank of china

P2P

P2P regulatory rules

If There are no rules

Then you have no such basis for corresponding supervision

Second, there are hidden dangers in the security of customer funds

There have been many incidents of operators running away with money

the most typical

P2P network lending

Third point

It is the lack of control within the institutions

Business risk

Like third-party payment

Like P2P platform etc.

The fourth is the credit system

And financial consumer protection mechanisms are not sound

So it led to a lot of this

Consumer interest

As far as we talk about financial consumer interests

A lot of events

Fifth point, the level of information security of practitioners

needs improvement

Many institutions such as third-party payment

Then the money in their last account

Will it be stolen

This security is to be tested

For these reasons

So we have to be targeted

To strengthen this supervision

July 18, 2015

Approved by the Party Central Committee and the State Council

Ten ministries including the People's Bank of China

Jointly issued

About promoting internet finance

Guidance for healthy development

China’s internet financial regulation

There are five basic principles

One principle is to supervise according to law

This is very important

So we talk about your supervision

First make rules

Without rules, you can't talk about legal supervision

There are already corresponding regulatory rules

Like internet insurance

the second basic regulatory principle

Moderate supervision

You can't choke him to death as soon as you supervise

For example, I said P2P platform

You want to start this business

You have to have a threshold

But you have to set the threshold very high

The third basic principle is classified supervision

People's Bank of China

China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance
Regulatory Commission

Its business model for internet finance

Divided into six modes

Then the internet payment business

Supervised by the People's Bank of China

Internet lending Internet trust

And Internet consumer finance

Supervised by the China Banking Regulatory Commission

Equity crowdfunding financing Internet fund sales

Supervised by the SFC

Internet insurance is supervised by the China Insurance Regulatory Commission

In the history of China's Internet finance

A milestone product

Yu'e Bao

The fourth is collaborative supervision

Because you simply divide the business

Sometimes inseparable
Lecture 2

Internet Payment

O2O- Online to Offline

Internet payment

Refers to devices such as computers, phones, etc.

Relying on the Internet to initiate payment instructions

Services for transferring currency funds

Internet payment should always adhere to the service

E-commerce development

And provide the society with small amounts, convenience and convenience

the modes of Internet payment

Generally we talk about an Internet payment classification

From a consumer perspective

Or let’s say the payer’s perspective

We can have two categories

The first one is your payment

Do you do it online or offline

We are divided into online and offline

Whether to pay directly online or offline

The second is the payer

Does he use software or have a dedicated hardware

To pay

We are divided into software and hardware

Two categories