"the internet's financial heretic surge." at the two national meetings this year, prime minister li keqiang said so in his report on the work of the government. The meaning and value of what appears to be a flat statement is far-reaching, as can be seen in the instant surge in internet finance. The presentation by li fei, vice president of the well-known p2p platform, in an interview with the media, was quite representative. In his view, prime minister li keqiang's report on the government's work was both a review and endorsement of china's internet finance development and a reflection of the state's support and encouragement for the internet finance industry, and the regulatory “bots” were about to fall。
On the morning of 5 march, the third meeting of the twelfth national people's congress was opened in the people's hall, where prime minister li keqiang presented a report on the work of the government on behalf of the state council. Li keqiang noted that over the past year we have made great efforts to restructure the industry. Investing in the development of new growth poles, promoting the accelerated development of services, supporting the development of strategic and emerging industries such as mobile internet, integrated circuits, high-end equipment manufacturing, new energy vehicles, the rise of internet financial dissidents, the rapid growth of new business patterns such as e-commerce, logistics couriers, and the emergence of numerous “breeders”。
Prime minister li keqiang, in his report on the work of the government, referred to internet finance more frequently than last year, including financial reform around the service-based real economy, vigorous development of inclusive finance, development of an “internet+” action plan, promotion of the integration of mobile internet, cloud computing, big data and material networking with modern manufacturing, promotion of e-commerce, industrial internet and internet finance, and encouragement of popular entrepreneurship。
In response, the vice-president of the silver client network, li fei, said that prime minister li keqiang's report on his government's efforts to encourage and support internet finance development could be said to echo the previous report on prime minister li keqiang's work, from “support for internet finance development” to “commitment to internet financial dissent”, a point of appreciation and recognition of china's past phase of internet finance development。
Long before the two national meetings, “internet finance” had been projected as the hotspot for the report of the 2015 government. In the past year, internet finance has been mentioned on several occasions at the standing meeting of the state council chaired by li keqiang. All of his “political” internet bosses in the south china sea were involved in internet financial markets. At the beginning of this year's study, li keqiang suggested that internet finance would push traditional financial reforms and that the two should develop in tandem. The signal sent by the prime minister was also fully absorbed by the market and quickly received a positive response from internet financial enterprises such as ali, kyoto and silver。
In march 2014, in his report on the work of the government, li keqiang clearly stated, in addition to “promoting financial health development on the internet”, that financial regulatory coordination mechanisms should be improved, cross-border capital flows closely monitored, and the bottom line of not having systemic and regional financial risks secured. From the outside, keeping the bottom line means that the state will regulate internet finance more rigorously. The year 2015 will see a year of regulation of internet finance, following the “wildness” of 2014。
Li indicated that, through the brutal growth of the p2p network lending market in recent years, as well as ongoing industry research by central banks, the bank’s superintendence, and local financial offices, there is a great deal of potential regulatory policy or guidance on internet finance in 2015. The bank’s regulatory framework for p2p lending has been largely completed, and the market will soon put an end to regulatory deficiencies。
“although the positive development of the industry will require a long-term effort and a robust system of p2p-net lending, it is clear that internet finance and p2p-net lending will be required. The value of addressing china's economic development, sme financing needs has been recognized by the state.” li fei said that the information technology revolution had transformed one industry after another, and internet finance had assumed responsibility for optimizing the allocation of private capital through information。
In particular, li fei noted that, in addition to “regulation”, there was a key word for the internet finance and p2p lending industry in 2015: deep competition. He said that china's p2p network lending industry was still in its infancy, and that market competition in 2015 would rise from simple price competition to competition for wind power and competition for services。
Internet finance has dual attributes, financial attributes are fundamental, and the building and power of wind systems are key to platform survival. According to li, large-scale development and deep competition depend on the depth of use of information technology, and internet attributes determine platform development. For example, the financial nature of the surplus is the imf, but the explosion in size and users is not based on financial products, but on easy experience and the use of the internet and mobile internet technologies. Thus, 2015 is a crucial year, as well as a year of deep shuffles and accelerated competition。
At the beginning of the year, with the convening of the two national gatherings, the speculations about the financial development of the internet in china grew, and there was a signal that industry would not miss: on 4 january this year, prime minister li keqiang, when he visited the first internet private bank, made it clear that “internet finance must be properly developed”. This is different from li keqiang's previous emphasis on promoting financial health on the internet. Li keqiang said, “the government is to create a favourable environment for internet finance enterprises so that you can be comfortable and no longer be held hostage. At the same time, you have a risk-proof firewall."
The boot of internet finance is coming down。
Responsible editor: zhang dei
