The central bank crack down on internet banking angered Who?central bank crack down on internet banking angered Who? Recently, the central bank vice governor Liu Yu's speech aroused the concern of the community. At the moment, the contradiction between the balance of the treasure of the Internet-based financial and traditional financial institutions to further upgrade. It is reported that the first 'Tsinghua Wudaokou Global Finance Forum' held May 10 to 12, the central bank vice governor Liu Yu pointed Nike Shoes out that the balance of treasure not financial innovation, but simply moved to internet deposits, which no economic restructuring What contribution to the real economy there is no contribution. In addition, he stressed, must be determined to rectify the financial services sector and various financial services business, otherwise it will guide investment institutions and the public to pursue short-term profits rather than the pursuit of high long-term returns, which will develop the capital market have a tremendous spillover effects. What is 'innovation'? In general, innovation is the existing mode of thinking is different from the conventional or ordinary ideas put forward ideas for the guide, use of existing knowledge and material, in particular environment, in the idealized need or To meet the demand, and improve or create new things, methods, elements, path, environment, and be able to get some beneficial effects of behavior. However, according to the concept of innovation sociological analysis, innovation refers people to the needs of development, the use of known information, continue to break the routine, to discover or produce Air Jordan 4 Retro something new and unique social value or personal value of new things, new ideas activities. In short, that break the old mindset, the old conventional precepts. In fact, the balance of treasure in itself an expression of the form of innovation. By the end of 2003, China's money market fund was formally established. However, many years later, the scale of China's money market funds always showing slow growth formula. However, with the rapid rise of the financial balance of treasure such as the Internet, the IMF is not concerned about the size of usual market has had a remarkable style to erupt. In fact, the balance of treasure docking monetary fund. In essence, also belong to the IMF. However, with the balance paid Bao Bao huge customer Air Jordan 12 precipitation amount, thereby promoting customer to PayPal account to buy Monetary Fund, the final size of the IMF activated. To some extent the analysis, which is a form of innovation. In addition, with respect to the traditional financial terms, but also it reflects the balance of treasure of another form of innovation. Traditional financial institutions focusing on the speed of network expansion, rely on its long-term accumulation of the user base and the credit protection, laid the foundation for the development of traditional financial institutions. As for the balance of treasure, because there is no geographical restrictions, the overall cost is much lower than traditional financial institutions. Furthermore, the balance of treasure through the Internet at high speed, reach more potential users, dramatically improves the efficiency of funds, so as to realize the purpose of dividend. This is another form of innovation. Internet Finance needs regulation it? It is undeniable that the Internet needs financial regulation, but not over-regulation. This year, in the larger environment of rapid development of Internet banking, the central bank gradually to take regulatory measures against Internet banking. From suspend virtual credit card, two-dimensional code to substantially lower the amount of transfer payments, then canceled the IMF intends to 'early withdrawal without penalty,' the dividend policy. From a policy issued by the above analysis, the central bank crack down on internet banking attitude gradually clear. If these measures are implemented, it will inevitably result in a serious financial impact on the development of the Internet. The past two years, with the rapid rise in the balance of treasure, financial Tong, Lu gold, PPmoney main types of wealth management platform, a large number of investors gradually to transfer funds to the above-mentioned financial channels. In particular the loss of part of the fixed depositors, do form has hit the traditional finance. However, while the rapid development of various wealth management platform, some potential risks have begun to gradually exposed. For example, P2P foot tidal rise, platform risk control model has been questioned and so on. So far, financial markets have begun to reposition the Internet, risk management and other key issues have also been the market's attention. As the central bank payment and settlement Secretary Fan Shuang Wen said, no matter what definition of Internet banking, its healthy development, or to follow some basic rules and the inherent requirements of the core or risk management in the financial sector. Indeed, in the context of the rise of the Internet financial madness, risk management and other issues is crucial. In general, risk control is a means of risk management, in order to eliminate or reduce the risk of incidents of various possibilities, or to reduce the risk of losses caused by the incident. In fact, we experienced a period of exploration, the major financial platform with a wealth of experience and a flexible risk control model, the majority of investors. It also withstand the test of the market. It is known to Ali Group, for example, its own system through a large number of electricity supplier transactions and payment information data to establish a closed system of credit rating and risk control model, is a large data model of risk control. In the land of gold, for example, it adopted a 'third party intermediary + Warranty' risk control mode, customer information and financial advantages rely on Ping An Group already owned by the borrower to review the information. The security company, appears overdue borrowers to provide full compensation. In addition, financial platform PPmoney exchange risk control model and risk control mode for all loan online + offline and so on. Obviously, various wealth management platform already rapid rise of the Internet era of finance are well prepared. Although the major platform risk control models vary, but they basically show a good risk control ability for investors' funds provides Air Jordan 12 a relatively safe place. In fact, this is the development trend of the Internet Financial Times. Return previously mentioned central bank vice governor Liu Shiyu speech. He said that the balance of treasure not financial innovation, simply move the deposit Internet, which did not contribute to the adjustment of economic structure, on the real economy there is no contribution. For Liu governor's speech, in fact, the central bank revealed a negative balance of Bao role, but also hinted that the central bank will crack down on internet banking attitude. In this regard, the author Guo Shi Liang Liu governor not agree with the views expressed, the main reason is as follows. First, the balance of the treasure of the Internet-based financial adapt the process of China's market-oriented reform of interest rates, is not without its contribution. Historically, the interest rate market to promote the process of view, June 8, 2012, the central bank cut interest rates, while the implementation of initiatives to expand the floating range of interest rates. After that, also showing the full liberalization of the loan interest rate controls, the official debut bond futures and the formal establishment of Shanghai Free-Trade Zone and other initiatives. In recent years, the development process of marketization of interest rates began to accelerate. 2013 is the first year of the Internet financial development, but also accelerated the domestic market-oriented interest rate advance the process. With the accelerating interest rate market, it is bound to affect the importance of the structure of financial assets, bank management and other aspects. To some extent the analysis, but also help reduce the overall cost of financing for SMEs. Second, the balance of Internet-based financial treasure greatly enhance the utilization efficiency of funds. The pursuit of high-speed Internet. And the premise of no geographical restrictions, but in fact significantly reducing the overall cost of operation. As internet banking, it really can play to enhance the efficiency of fund utilization and other functions, thus contributing to the efficient development of the market economy. Third, the Internet-based financial balance of treasure to some extent eased the financial pressure on small and medium micro enterprises, and thus boost the real economy. All along, the domestic showing a 'little more than two two' problem, namely private funds, less investment channels; SMEs, less financing. For a long time, even if there has been a significant surge in M2 balance the situation, and social mobility also shows a relatively well-off situation. However, traditional financial institutions strong monopoly liquidity in the background, more than 90% of small and medium micro enterprises is difficult to obtain funds through bank indirect financing. In addition, due to the high threshold for the stock market bonds and other direct financing of small and medium micro enterprises basically rely on high interest private capital to maintain their operations. Data shows that in the past few years, private loan interest rate is 10 times the bank rate, the operation of enterprises in order to withstand the high interest rate loan at pressure. And in the reality of the situation, the PRD has more than 3,000 toy company stock, more than 4,000 of Wenzhou Lighter Enterprises survived insufficient 100. Therefore, before the Internet is not yet universal banking, small micro-enterprise basic lack financing. The rapid rise in the Internet banking environment, due to Internet banking company focused on the micro-credit model, and have the transaction cost and convenient transactions and other advantages for a large number of small and medium micro enterprises to provide effective financial support. Fourth, the Internet financial impact on traditional financial institutions effective monopoly, create good preconditions for the economic reforms. In the latest report shows that in 2013 listed companies, banks remain the most profitable industries. 16 listed banks in the total net profit of more than one trillion yuan, accounting for more than half of the total value of listed companies net profit. Over the years, traditional financial institutions by virtue of their monopoly advantages, get a lot of social resources. And before and after the economic crisis, the state implemented a four trillion investment credit plus 9.59 trillion stimulus plan to boost the sagging economy at that time. However, the economic hardship of the occasion, some banks with their own powers, to force a monopoly of some liquidity, so that part is not timely liquidity flowing into the flow of the market, eventually leading to a series of crisis. At the same time, interest groups make use of these liquidity, massive bargain-hunting property and stock markets, and ultimately profits easily acquired. In this regard, some banks should bear certain social responsibilities. The rise of Internet banking will undoubtedly be tremendous impact on traditional financial institutions. Among them, the concern of savings, for example, for a long time, China's banking sector savings and cost of the most stable source of funding. While demand deposits accounted for the largest portion of a country's money supply is Air Jordan 13 Retro also an important source of funds of commercial banks. In this regard, the balance of Internet-based financial treasure to join, in fact, strengthen the Air Jordan 5 Retro competitive balance Bao and traditional financial institutions, reducing the profitability of traditional financial institutions. The author Guo Shi Liang, the central bank crack down on internet banking more harm than good. Needless to say, the balance of Internet-based financial treasure indeed boost the development of society, and largely contributed to the market-oriented interest rate reform process, adapted to the development needs of economic restructuring. It also completed a traditional financial institution can not complete the task, with its own characteristics, a large number of small and medium micro enterprises to provide financial support, and significantly enhance the efficiency of social capital, and promote the efficient functioning of the market economy. More critical is to Internet-based financial balance of treasure also achieved dividend purposes. In this regard, the central bank crack down on Kids Nike Trainers internet banking really need to think twice, not because of the balance of Internet-based financial move treasure the traditional financial cheese, and take a completely negative attitude, then angered the public. Source: Financial Network