The Mechanism of Internet Finance on the Assets and Business of Commercial Banks in China

Internet finance has structural impact and market impact on commercial banking.Various forms of Internet finance such as third-party payment,crowdfunding,P2P lending,and internet money funds have emerged.Due to their low cost,high efficiency,and diversification characteristics,an increasing number of people are utilizing Internet finance for their businesses.This trend significantly affects traditional commercial banking operations and presents challenges.In order to gain competitive advantages through Internet finance,this paper explores how commercial banks can leverage their traditional business models.It introduces the concept,model,and characteristics of Internet finance;analyzes the importance of asset management for commercial banks;examines the influence of Internet on commercial bank’s asset management;finally proposes countermeasures for the development of Internet finance.It is advocated that commercial banks should actively explore the road of“structured finance”with all-round structural reform in the future.

The transition from traditional banking to mobile internet finance:an organizational innovation perspective-a comparative study of Citibank and ICBC

The development of Financial Technology(FinTech)in areas such as mobile Internet,cloud computing,big data,search engines,and blockchain technology have significantly changed the financial industry.FinTech is expected to overturn the traditional banking business model,forcing banks to upgrade and transform.This study adopts a comparative case study method to contrast and analyze the Industrial and Commercial Bank of China(ICBC)and Citibank.It analyzes the strategies,organizations,HR systems,and product innovations adopted by these two banks in response to the impact of FinTech.This paper proposes an“electric vehicle”mode for ICBC and an“airplane mode”for Citibank.Further,it describes the difficulties encountered by the Chinese banking industry and proposes some feasible ways to upgrade.“Technology power”will become the core competitive concept for the financial institutions of the future.

Harnessing Internet finance with innovative cyber credit management

In the last two decades,Internet technologies,such as cloud computing,mobile communications,social media,and big data analytics,have brought tremendous changes to our society and reshaped the business in various industries.Specifically,the mushrooming innovations in the financial area fertilized by information and communication technologies indicates the advent of the Internet finance era.Applying the exploratory research approach,we investigate major innovative Internet-based financial services and classify them into five categories,as of e-commerce,e-payment,e-money market,online loan services,and digital currencies.Then we propose a market structure of Internet finance extended from the traditional financial market.We claim that credit management is the key issue in the marketplace of Internet finance,characterized by big data analytics,in which cyber credit appears as whole-process,multi-dimensional,and holographic.We further suggest that cyber credit be represented in the form of vector to overcome the limits of traditional single-value measure in cyber credit management.Based on this framework,we raise main research issues in Internet finance from the perspectives of theory,technology,and governance.

Analysis on Supervision of the Internet Finance: A Case Study of Yu Ebao

By taking the hottest topic Internet financial product—Yu Ebao as an example,an in-depth analysis is made on its innovation and comparative advantages in this paper. Based on this,combing and sorting out the current related disputes regarding Yu Ebao supervision,putting forward views with evidence,clear requirement is made upon the attitudes towards supervision over Yu Ebao viewing from commercial banks and supervision aspects.

Discussion on Consumer Credit Business of Traditional Commercial Banks under Internet Finance

With the advent and development of the information age,the Internet has become the current advancement in all walks of life.The popularization of e-commerce also gives birth to Internet finance.The emergence of consumer credit businesses such as“Yu‘ebao”and“Huabei”has put great pressure on the consumer credit business of traditional commercial Banks.Under the background of Internet finance,in order to promote the development of commercial Banks’consumer credit business,it is necessary to strengthen the innovation of commercial Banks’consumer credit business and meet the development demand of the current information age.

Development Status, Causes of Risks, and Risk Supervision Suggestions on Internet Finance in China

As a useful supplement to China's financial system,the development of internet finance has promoted the innovation of financial model and injected strong vitality into the financial market.Internet finance provides customers with more convenient and fast financial services,effectively alleviates financial exclusion,and reduces information asymmetry.It is of great significance to promote the marketization of interest rate and the development of inclusive finance in China.However,internet financial risk events occur frequently,posing a serious challenge.Therefore,this research analyzes the causes of internet financial risks,and provides suggestions on internet financial risk supervision,so as to promote a healthy development of the internet financial industry in China.

Current Situation and Problems of College Students’Financial Management in the Era of Internet Finance and the Countermeasures

With the rapid development of information technology,internet financial products have been continuously launched,and many college students have joined the internet financial team.By investigating the current situation of college students’financial management,this study found several problems and deficiencies in college students’financial management and proposed countermeasures to these problems for colleges and universities to cultivate students’internet financial literacy as well as guide them to establish the correct concept of financial management under the internet financial environment,learn financial management knowledge,improve financial management capabilities and risk awareness,as well as choose appropriate internet financial management products.

Influence of Internet Finance on the Financing of Small and Medium-Sized Enterprises in China

Small and medium-sized enterprises greatly promote the economic progress and growth of national tax revenue as well as realize the escalation of career opportunities.However,as these enterprises are relatively small scale and have low capacity to face and resist risks in addition to China's flawed financial credit system,there are many difficulties faced by these enterprises in terms of financing to achieve their own development and progress.Recently,owing to the progress of internet information,especially the expansion of its application in the financial field,it has opened up a way for handling the financing difficulties faced by small and medium-sized enterprises.According to the specific financing situation of small and mediumsized enterprises in China,this study analyzes the impact of internet finance on the financing of small and medium-sized enterprises in China and formulates strategies to effectively deal with the financing difficulties of small and medium-sized enterprises in China,thus promoting the sustainable progress of small and medium-sized enterprises.

Understanding Credit Risk in Internet Consumer Finance:An Empirical Analysis with a Focus on the Young Generation

In recent years,internet finance has garnered increasing attention from the public.Online lending,emerging within the framework of Internet finance as a pivotal component,has witnessed substantial growth.While online credit,within the realm of Internet finance,presents numerous advantages over traditional lending,it concurrently exposes a plethora of credit risk issues.This study aims to facilitate the effective utilization of online credit tools by the young generation within the context of Internet finance.Additionally,it seeks to ensure the overall stability of the Internet finance environment and mitigate risks for the youth.Given the significance of understanding credit risk management for college students in the age of internet finance,this paper adopts the logistic model to evaluate credit risk in internet consumer finance and provides pertinent recommendations from the perspective of the young generation.

Risk identification,future value and credit capitalization:Research on the theory and policy of poverty alleviation by internet finance

Elimination of poverty is an important part to achieve a comprehensive well-off in China,and financial means and tools play an important role on it.This paper tries to show the problems in current financial poverty alleviation practice,such as the lack of unified organization,high cost,poor sustainability,uncertain effects,etc.,and illustrates that internet finance,based on new information technologies which enable more comprehensive information collection of poverty population and employ future-oriented valuation method,can help the poor households accumulate credit capital and play a greater role in the process of poverty alleviation.This paper also puts forward some policy recommendations to support internet finance in poverty alleviation.

The impact of internet finance on commercial banks’risk-taking:Theoretical interpretation and empirical test

Through introducing internet finance’s“reducing management cost”and“raising capital cost”effects into bank risk-taking model,this paper systematically investigates the dynamic and heterogeneous influence of internet finance on commercial banks’risk-taking.Using internet finance index based on“text mining”and data of 36 commercial banks from 2003 to 2013,we makes an empirical test.The results show,firstly,the impact of internet finance on commercial banks’risk-taking is a“U”trend.The initial development of internet finance can help commercial banks reduce management cost and risk-taking,but then internet finance will raise capital cost,and turn to exacerbate banks’risk-taking.Secondly,the response of commercial banks’risk-taking is heterogeneous.Large commercial banks’response is slow,while small and medium banks’response is relatively sensitive.

The Exploration of Talent Cultivation in Software Engineering“ Internet Plus Finance”

With the rapid development of the Internet finance industry,society has put forward urgent needs for“Internet Plus finance”composite talents,and also put forward challenges to talent cultivation in colleges and universities.To cultivate the talents in the“Internet Plus finance”,the School of Information and Software Engineering of the University of Electronic Science and Technology of China(hereinafter“the School”)begins the 10 major measures,such as the construction of training programs,the construction of the curriculum system,the construction of the faculty team,and the construction of the practice base.Meanwhile,the School works together with banks,which have cooperated for a long time,to establish the talent cultivation system in the direction of“Internet Plus finance”in the software engineering major,solving the problem of interdisciplinary talent training in the field of software engineering and finance.

Research and Practice on the Cultivation Model of Compound and Innovative Talents with Interdisciplinary--Taking the“Internet+Finance”Experimental Class as an Example

As major contemporary scientific,technological,economic,and social issues are highly comprehensive and interdisciplinary,society has entered a period of systematization and integration.The traditional education model of“discipline-centered”makes the training of talents excessively“single”,while the actual problems are becoming more and more complex and comprehensive,reflecting the multi-disciplinary nature.Disciplinary professional education is not suitable for the current new economy,new industry,and new era.Taking the“Internet+Finance”experimental class as an example,this article elaborates on the reform ideas of an interdisciplinary and compound innovative talent training model,and details the reform experience in four aspects:the curriculum system,characteristic professional orientation training model,collaborative teaching organization model and interdisciplinary talent training management model.After two years of construction and practice,the goal of interdisciplinary talent training under the background of new engineering disciplines has been achieved quite effectively.

Analysis on Internet Financial Business and Construction of Credit System

Internet finance is a new emerging financial model,using the Internet as a platform,big data and cloud computing as the basis.Supply Chain Finance is the easiest way to enter Internet finance.The thirdparty companies or institutions can invest in Internet financial companies by integrating their industrial chain practices into designing the financial products to reduce credit costs and improve safety.At the same time,it will increase mobile Internet,big data and operational services.Also,it can make full use of the Internet financial platform to provide value-added services for higher and lower enterprise and consolidate the core status of the company in the industrial chain.However,an important issue that needs to be concerned during developing Supply Chain Finance is the construction of a system for credit evaluation.Due to the lack of a unified credit evaluation system,the development of the existing Supply Chain Financial companies suffers from difficulties.Many newly launched companies have difficulties operating due to the lack of a credit evaluation system.Therefore,proper and effective credit indicators are essential for the development of enterprises under Internet finance.From the micro perspective,it is conducive for enterprises to improve their credit under the constraints of indicators,and it can solve the problem of capital raising;from the macro perspective,it is conducive to the standardized development of China’s Internet finance and promotes the comprehensive economic development.Based on this,analyzing the model of Internet financial business and developing an enterprise’s credit index system is beneficial to the development of China’s Internet finance.

Prevention of Internet Financial Risks in the Era of Digital Economy

As a pillar in the development of China5 s economy,the financial industry plays a key role in the production and life of residents.Along with the widespread application of the internet,internet finance has gradually emerged as required by the times,and in the achievement of the collection and extraction of big data,related analysis and exploration technologies have been emphasized more.However,in the context of big data technology,there are still risks of unsound laws,inadequate business publicity,user information security,and capital liquidity in internet finance.Under this digital economy era,this article attempts to discuss these risks,which need to be prevented from establishing a good internet financial system,strengthening interindustry exchanges and cooperation,building a unified internet financial information supervision platform,as well as optimizing the internet financial credit reporting system,so as to promote a healthy and sound development of the whole financial industry.

Exploring the critical factors influencing online lending intentions

Background:Online lending(P2P lending)is a type of internet finance mainly used to meet the financial needs of small and medium-sized enterprises and groups of individuals.It is a supplement to the traditional financial system.Method:This paper uses PPDai.com—the most influential online lending platform in China—as a research object to study the leading factors that affect lenders’loan trust and perception of information asymmetry.It also studies the impacts of these factors on lending intention.Results:The results of this study show that the lending intention is mainly influenced by trust;perceived information asymmetry will affect trust,but it will not have a direct impact on lending intention.Trust is significantly affected by the borrowers’reputation and information integrity.Information asymmetry has various causes,including structural assurance and legitimacy.This perception of information asymmetry significantly prevents the further development of online P2P lending.Conclusion:The findings in this research imply that there are profound differences between online lending and online purchasing,thus the results obtained in the traditional e-commerce market cannot be applied in the field of online lending without verification.

Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending

Peer-to-peer(P2P)lending has the potential to boost financial inclusion in emerging markets.This paper contributes to the literature on fintech governance in emerging Asian markets.It examines the case of the Indonesian government’s approach in regulating the P2P lending sector using both primary interviews and secondary firmlevel data.Driven by regulation tightening in China and regulatory gaps in Indonesia,Chinese investments became the largest in this sector contributing,however,to growing risks from illegal business practices.The Indonesian government responded by creating new regulations and institutions,mitigating risks without stifling the potential for financial inclusion.We conclude a proactive approach towards monitoring and regulating emerging high-tech industries should be sought by strengthening links with industry and civil society,and through international cooperation for policy and knowledge sharing.

Behavior Analysis of Bank into E-Commerce under Network Externalities

With the advent of Internet financial innovation,many commercial banks quietly have started to enter into the Ecommercial in order to prevent oligarchs from eroding financial market.From the perspective of industrial division,this paper reveals the nature of a phenomenon that E-commercial enterprises and banks have stepped into each other's field,which E-commerce of banks can give full play to network effects.Then it uses game theory to analyze the motions of banks to involve into E-commerce and the short-term competitive equilibrium of large incumbent Ecommercial enterprises as well.For individual rationality,the dominant strategy of banks and E-commercial enterprises is(enter,counterattack).Considering network externalities,it constructs a competing model on banks and incumbent E-commercial enterprises and simulates competitive trends and balanced results of their behaviors,which illustrates that banks can obtain network effect after choosing E-commerce strategy.

Credit Evaluation Model for College Students Based on Logistic Regression Model

Internet financing in China has been developing rapidly in China.Recently,college students start to be one of emerging target group of internet consumer financing services.However,college students' credit has not been fully taken account yet.This paper aims at contributing to making a step for solving this issue.In this paper,a credit fraud evaluation model is developed using a university' s students ' grade and campus consumption data.A logistic regression model is trained with the students' grade and daily consumption data.The features of the model with stepwise regression methods are selected.And this model achieves that the paper predicts the students' fault rate accurately.

Credit ratings of Chinese online loan platforms based on factor scores and K-means clustering algorithm

The rapid development of Chinese online loan platforms(OLPs),as well as their risks,has attracted widespread attention,increasing the demand for a complete credit rating mechanism.The present study establishes a credit rating indicator system for 130 mainstream Chinese OLPs that combines 12 quantitative metrics of online loan operations similar to commercial bank credit rating indicators,including platform transaction volume and average expected rate of return.We also consider two qualitative indicators of online loan background,namely platform background and guarantee mode,that reflect Chinese characteristics.Subsequently,a factor analysis was conducted to reduce the 14 indicators dimensions.The loads of the rating indicators in the resulting rotating component matrix were refined into an OLP operation scale factor,fund dispersion factor,security factor,and profitability factor.Finally,a K-means clustering algorithm was employed to cluster the factor scores of each OLP,thereby obtaining credit rating results.The empirical results indicate that the proposed machine learning-based credit rating method effectively provides early warnings of problem platforms,yielding more accurate credit ratings than those provided by two mainstream online loan rating websites in China,namely,Wangdaitianyan and Wangdaizhijia.