我国互联网金融发展的内生逻辑、驱动因素与金融功能效应

The Endogenous Logic,Driving Factors and Financial Function Effects of Internet Financial Development in China

互联网金融的本质与核心是金融,它将现代网络技术、互联网精神、金融功能充分融合,构建了不同于传统金融体系的新金融模式和金融业态。当前我国国家主导型的金融体系存在的制度缺陷、服务不足和供给短缺使我国互联网金融发展具有内生性的逻辑特性。从驱动因素来看,技术进步和政府宏观层面、社会经济微观层面驱使互联网金融加快发展,从而实现金融的功能效应。研究发现,在互联网金融发展过程中,其主要定位和聚焦于市场上众多的中小微企业和弱势地区,因而其不同于传统金融,具有民间金融的特性。互联网金融通过提升市场效率、促进金融创新扩散、实现市场价格发现、优化经济增长要素配置,逐步改善我国金融市场长期存在的效率低下、创新不足、资金价格扭曲、金融资源配置落后等问题,从而满足了更广大的市场和更多样的群体对金融的需要,促进实体经济发展。

The essence and core of Internet finance is finance. After the integration of the modern network technology,the Internet spirit and financial functions,a new financial model and financial format comes into being which is quite different from the traditional financial system. At present,there are many problems in the China＇s state-dominated financial system such as the defects in system,the lack of services and the supply shortages,which result in endogenous logical characteristics for the development of Internet finance in our country. As a driving factor,technological progress from the government macro-control and the social economic micro-control could accelerate the development of Internet finance so as to achieve the financial function effect. The study found that the Internet finance mainly focus on many small and medium-sized,micro enterprises and disadvantaged areas in the market,so it is different from the traditional finance with the characteristics of non-governmental finance in the process of its development. Some measures have taken in Internet finance such as improving market efficiency,promoting the diffusion of financial innovation,realizing market price discovery and optimizing the allocation of economic growth elements in order to cope with the problems such as inefficiency,lack of innovation,financial price distortions and backward financial resource allocation. Thus,the financial demand of the bigger market and a more diverse group of people will be satisfied and the real economy could be promoted.