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Overview of internet finance
This book is divided into three chapters.

The first chapter is an overview of Internet finance, which mainly expounds the definition, characteristics and general situation of Internet finance. The second part is the six modes of Internet finance, and analyzes the six modes of Internet finance one by one, such as third-party payment, P2P online lending, big data finance, crowdfunding, information-based financial institutions and Internet financial portals. The third part is about the development of Internet finance, including related risk analysis, financial supervision and analysis of the development environment of Internet finance.

Internet finance directory

Preface VIII

The First Overview of Internet Finance

Chapter 1 Overview of Internet Finance 3

1. 1 Internet Finance Overview 3

1. 1. 1 definition of internet finance 3

1. 1.2 characteristics of internet finance 5

1. 1.3 Overview of Six Models of Internet Finance 7

1. 1.4 internet currency representative-bitcoin 10

1.2 Overview of Internet Finance Development 15

1.2. 1 Overview of Internet finance development abroad 15

1.2.2 overview of internet finance development in China 17

Chapter II Development and Reform of the Financial Industry

2. 1 Basic overview of financial industry 24

2. 1. 1 Financial implications 24

2. 1.2 Definition of financial industry 24

2.2 The development of traditional financial industry 25

2.2. 1 the emergence of commercial banks 25

Functions of commercial banks

2.3 the rise of modern financial industry 26

Reform of financial institutions 26

2.3.2 Orientation of Modern Financial Industry 3 1

2.3.3 The strategic position of modern financial industry has been greatly improved 32

2.4 Financial innovation and financial industry reform 33

2.4. 1 the meaning of financial innovation 33

2.4.2 Motivation of financial innovation

2.4.3 Development stage of financial innovation

2.4.4 The impact of financial innovation on the financial industry 37

2.5 The present situation and future of China's financial system 40

2.5. 1 the development of China's financial industry 40

2.5.2 China's current financial system structure 45

2.5.3 Problems Faced by China's Financial System 49

2.5.4 The future development trend of China's financial industry 50

Chapter III Financial Changes Caused by the Development of Internet 52

3. 1 Internet development 52

3. 1. 1 internet definition 52

3. 1.2 Status of Internet Development in China 52

3.2 Social changes triggered by the Internet 54

3.2. 1 Internet-induced life changes 55

3.2.2 Internet-induced business changes 58

3.3 Internet-induced changes in the financial industry 60

Chapter II Six Models of Internet Finance

Chapter IV Third Party Payment 65

4. 1 Overview of Third Party Payment 65

4. 1. 1 definition of third-party payment 65

4. 1.2 Business Process of Third Party Payment 65

4. 1.3 Third Party Payment Value 67

4. 1.4 development of third-party payment 68

4. 1.5 Third-party payment industry scale 70

4.2 Third-party payment operation mode 72

4.2. 1 Independent Third Party Payment Mode 73

4.2.2 Secure payment mode of trading platform 79

4.2.3 Comparative analysis of the two modes 85

4.3 the impact of third-party payment on the development trend of the financial industry 86

4.3. 1 Promoting the reform of financial services 87

4.3.2 Eating into the intermediary business of banks

4.3.3 Innovative financing methods 89

4.4 Risk Analysis of Third Party Payment 92

4.4. 1 operational risk 92

Legal risk 93

4.5 Third-party payment risk prevention suggestions 95

4.5. 1 rating of third-party payment platforms 95

4.5.2 Promote legislation and strengthen supervision.

4.5.3 Bringing the third-party payment platform into the scope of anti-money laundering monitoring 96

4.5.4 Using high-tech means to strengthen information system security

4.5.5 Monitoring and post-audit management before and during the audit 97

4.6 Development trend 98

4.6. 1 increasingly fierce market competition 98

4.6.2 The application field is constantly expanding 98

4.6.3 Continuous innovation of payment methods

4.6.4 Diversification of business models 99

Chapter V P2P Online Lending 100

5. 1 P2P online loan overview 100

5. 1. 1 P2P online loan definition 100

5. 1.2 P2P online loan transaction flow 100

5. 1.3 Overview of P2P online lending abroad 10 1

5. 1.4 Overview of P2P online loan development in China 104

5.2 P2P online lending model analysis 1 10

5.2. 1 pure platform mode and creditor's rights transfer mode 1 10

5.2.2 Pure online mode and online-offline combination mode 1 13

5.2.3 Unsafe mode and safe mode 1 19

5.3 Impact of P2P online lending on the development of financial industry 125

5.3. 1 standardize private lending and curb usury 125

5.3.2 Promoting the development of direct financing 126

5.3.3 Accelerate the marketization process of "shadow banking" 127

5.3.4 Promoting the Construction of Credit Information System 128

5.3.5 Innovative financial risk control measures 129

5.3.6 Promote the reform of financial supervision concept and innovation of supervision mode 129.

5.4 P2P online loan risk analysis 130

5.4. 1 operational risk 130

5.4.2 Liquidity risk 13 1

5.4.3 Legal Risk 133

5.4.4 Credit Risk 134

5.5 P2P online loan risk prevention suggestions 135

5.5. 1 Establish entry barriers and strengthen government supervision 136

5.5.2 Separation of third-party fund custody, settlement and delivery 136

5.5.3 Improve the social credit information system and realize the sharing of credit information 137.

5.5.4 Clarify the legal nature and determine the subject of supervision 137.

5.6 P2P online loan development trend 138

Chapter VI Big Data Finance 14 1

6. 1 Overview of Big Data Finance 14 1

6. 1. 1 big data finance definition 14 1

6. 1.2 big data definition 14 1

6. 1.3 the combination of big data and finance 146

6. 1.4 financial advantages of big data 148

6.2 Analysis of Big Data Financial Operation Mode 150

6.2. 1 platform mode 150

6.2.2 Supply Chain Finance Model 156

6.3 Impact of Big Data Finance on the Development Trend of Financial Industry 162

6.3. 1 Data becomes an important indicator to measure the core competitiveness of financial institutions 163.

6.3.2 Impact on financial thinking and business model 164

6.3.3 Innovative products and models to assist financial decision-making 166

6.3.4 Combination of Big Data Finance and Traditional Financial Format 167

6.4 Financial Risk Analysis of Big Data 167

6.4. 1 technical risk 167

6.4.2 Operational Risk 168

6.4.3 Legal Risk 17 1

6.5 Financial Risk Prevention Suggestions for Big Data 172

6.5. 1 Accelerate the legislative process and strengthen industry self-discipline.

6.5.2 Balance between data privacy protection and data privacy application 173

6.5.3 Integration and specialization of data resources 173

6.5.4 Strengthening data mining 174

6.6 Development Trend of Big Data Finance 174

6.6. 1 e-commerce financialization realizes the integration of information flow and capital flow 175

6.6.2 Financial institutions actively build data platforms to enhance user experience 176.

6.6.3 Big data finance realizes the division of labor in big data industry chain 177

Chapter VII Crowdfunding 179

7. 1 Crowdfunding Introduction 179

7. 1. 1 crowdfunding definition 179

7. 1.2 crowdfunding classification 179

7. 1.3 number of crowdfunding participants 180

7. 1.4 Operating procedures of crowdfunding activities 180

7. 1.5 Advantages of crowdfunding model 183

7.2 Analysis on the Operation Mode of Crowdfunding Platform 185

7.2. 1 reward crowdfunding 186

7.2.2 Fundraising and Crowdfunding 189

7.2.3 Equity Crowdfunding 193

7.2.4 Loan Crowdfunding 204

7.3 The impact of crowdfunding platform on the development trend of financial industry 206

7.4 Crowdfunding Platform Risk Analysis 209

Legal risk 209

7.4.2 Credit Risk 2 12

7.5 Risk Prevention Suggestions for Crowdfunding Mode 2 14

7.5. 1 Legal system keeps pace with the times

7.5.2 Establish and improve the credit system of China 16.

7.5.3 Risk Avoidance Methods in Practical Operation 2 17

7.6 Development Trend of Crowdfunding Platform 2 19

7.6. 1 crowdfunding model development trend forecast 2 19

7.6.2 The Future of Crowdfunding in China 222

Chapter VIII Information-based Financial Institutions

8. 1 Overview of information-based financial institutions 224

8. 1. 1 Definition of information-based financial institutions 224

8. 1.2 Information flow of financial institutions 224

8. 1.3 characteristics of information-based financial institutions 225

8.2 Information-based financial institutions operating mode analysis 227

8.2. 1 Electronic mode of traditional business 227

8.2.2 Innovative financial service mode based on Internet 229

8.2.3 Financial e-commerce mode 233

8.3 The influence of financial institution informatization on the development trend of financial industry 238

8.3. 1 Informatization has become the core competitiveness of enterprises and has risen to the strategic level.

8.3.2 Financial Services Competition Battlefield Shift 240

8.3.3 Opportunities for small and medium-sized financial institutions to "counterattack" 242

8.3.4 Mixed operation trend is obvious 243

8.4 Information Risk Analysis of Financial Institutions 244

8.4. 1 Risk characteristics of information-based financial institutions 244

8.4.2 System risk

Legal risk 245

8.4.4 Operational risk 246

8.5 Information-based financial institutions risk prevention suggestions 248 pages

8.6 Development trend of information-based financial institutions 249

8.6. 1 service organization virtualization 249

8.6.2 Civilian clients 250

Platformization of financial institutions 252

8.6.4 Personalization of financial services

Chapter IX Internet Finance Portal 255

9. 1 Overview of Internet Finance Portal 255

9. 1. 1 Definition of Internet financial portal 255

9. 1.2 Internet financial portal category 255

9. 1.3 Internet financial portal function 256

9. 1.4 History of Internet financial portals 258

9.2 Internet financial portal operation mode analysis 260 pages

Overview 260

9.2.2 P2P online loan portal 26 1

9.2.3 Credit Portal 265

9.2.4 Insurance Portal 268

9.2.5 Financial Portal 27 1

9.2.6 Integrated Portal 273

9.3 Internet financial portal impact on the development trend of the financial industry 277

9.3. 1 Reduce the degree of information asymmetry in financial markets 277

9.3.2 Change the way users choose financial products 278

9.3.3 Formation of anti-vertical control over upstream financial institutions 278

9.4 Internet financial portal risk analysis and risk control measures 279

Risks faced by Internet financial portals 279

9.4.2 Risk control measures of Internet financial portal 282

9.5 Internet financial portal development trend 283

The third part is about the development of Internet finance.

Chapter 10 Risk Analysis and Risk Control of Internet Finance 289

10. 1 internet financial risk analysis 289

10. 1. 1 systemic risk 290

10. 1.2 liquidity risk 293

10. 1.3 credit risk 296

10. 1.4 technical risk 296

10. 1.5 operational risk 299

10. 1.6 market risk 302

10. 1.7 country risk 303

10. 1.8 legal risks

10. 1.9 Reputation risk 306

10.2 common methods of internet financial risk control 306

10.2. 1 systematic risk control method 308

10.2.2 Classification and analysis of credit risk measurement model 3 13

10.2.3 Other common techniques and methods of risk management 3 17

Chapter 11 Exploration of Internet Financial Supervision on page 322

1 1. 1 theoretical basis of financial supervision 322

11.1.1theoretical basis and development of financial supervision 322

1 1. 1.2 financial supervision mode analysis and main contents 327

1 1. 1.3 financial supervision system and main supervision methods 332

1 1.2 Exploration of Internet financial supervision in the world 335

1 1.2. 1 American internet finance supervision 336

1 1.2.2 European internet finance supervision 338

1 1.2.3 UK Internet Finance Supervision 339

1 1.2.4 China Internet Finance Supervision 340

1 1.3 Exploration of Internet Financial Risk Supervision 343

1 1.3. 1 systemic risk supervision 343

1 1.3.2 liquidity risk supervision 344

1 1.3.3 credit risk supervision 347

1 1.3.4 technical risk supervision 349

Operational risk supervision 35 1

1 1.3.6 reputation risk supervision 35 1

1 1.3.7 national risk supervision 352

Chapter XII Analysis of the Development Environment of Domestic Internet Finance Industry

12. 1 legal environment status 354

12. 1. 1 These six models have different development processes and there are a lot of legal gaps.

12.10.2 The existing laws have a low level and limited coverage.

12.10.3 Some laws are rigid and backward, which cannot meet the needs of industrial development.

12.2 legal suggestions for improving financial supervision

12. 2. 1 Determine the subject of supervision as soon as possible and strengthen process monitoring 357

12.2.2 Explore the implementation of the industry access system and improve the exit mechanism 357

12.2.3 gradually fill legal gaps and reform backward rules.

12.3 status quo of institutional environment of listed companies in the industry and development suggestions 358

Present situation and development suggestions of credit information system

12.3.2 internet finance personnel training and related suggestions 363

12.4 industrial policy environment and suggestions 365

12.4. 1 industrial policy environment 365

Recommendations on industrial policy 365

Appendix I List of Laws and Regulations Related to Internet Finance 37 1

Annex II List of Licensed Third Party Payment Enterprises 377

Appendix III List of P2P Enterprises in Peer-to-Peer Lending 386

Appendix IV List of Crowdfunding Platforms 390

Appendix V List of Internet Finance Portal Enterprises 392

Appendix VI Excerpts from Views of Government Leaders, Enterprises and Institutions on Internet Finance 393

Reference 397