Wu Xiaoling: Internet Banking Can Not Be Without Supervision

< p > < strong > there is no < a href= "//www.sjfzxm.com/news/index_cj.asp" > Internet Finance < /a > /strong > /p >
< p > from the perspective of modern information technology in the financial field, there is no Internet finance. Under the unique environment of China, the concept of Internet Finance emerged. China has long been in financial repression, and a large number of people have not been covered by traditional finance, so Internet finance has appeared in China. Internet banking in China is only a specific product in a specific historical stage. < /p >
< p > < strong > balance treasure is to bind a payment system and a fund sale together, and promise T+0 to redeem < /strong > /p >
< p > there is Alipay, there is a Celestica increasing profit protection < a href= "//www.sjfzxm.com/news/index_cj.asp" > Monetary Fund < /a >, but only through Alipay platform to sell Celestica profit increasing monetary fund. You also have a payment system, do you? You can also work with a monetary fund. Our banks can do this, and our banks need to do that. I think they are more powerful than these babies, but the only difference now is that the children promise T+0's redemption. Banks may not be technically T+0, but they are unwilling to do T+0, so that more demand deposits can be transferred to the IMF. This is a problem for banks to consider. < /p >
The three problems of < p > < strong > a href= > //www.sjfzxm.com/news/index_cj.asp > balance treasure < /a >: the qualification of fund sales, the duty of disclosure of loss, the risk of social events caused by T+0 mobility < /strong > /p >
< p > first, do you have the qualification to sell the fund? This qualification must go to the regulatory authorities. Second, you have to explain to investors that it is possible to buy this money fund with a loss, and the proceeds can not be guaranteed. T+0's redemption commitment, liquidity management is very important. If you are misleading when you start selling products, once you have liquidity risk, you will create huge social events. < /p >
< p > < strong > the impact of balance treasure < /strong > /p >
< p > I think Internet finance will not have much impact on traditional finance. The basic function of the financial industry can not be shaken up by these Internet companies because of their grass-roots financial services. China's financial reform should change the structure based on indirect finance, which determines that deposits must be diverted to direct finance. Internet finance, with its new power, has made this contradiction clear. < /p >