How Internet Finance Influences China’s Commercial Banks

DOI

10.2991/icaicte-15.2015.108How to use a DOI?

Keywords

Internet finance, Commercial bank, Coping strategies.

Abstract

The year 2013 is widely regarded as the Internet financial year in which internet technologies and internet ways of thinking profoundly affected and changed the pattern of traditional financial business. Internet companies, the electricity supplier giants race to get involved in the financial sector, financial innovation protagonist no longer limited to banks, insurance companies, securities companies and fund companies. The convenience and high-return products offered by internet finance brought forward unprecedented challenge to the banking industry. How could the banking industry face the challenges in the Internet finance era, and how to make good use of these opportunities to transform and develop the banks has become an important issue. This article describes the challenges banking institutions are confronted with in internet financial tide, and the strategies to deal with the challenges.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhang Yong
AU  - Wang Jianjun
PY  - 2015/08
DA  - 2015/08
TI  - How Internet Finance Influences China’s Commercial Banks
BT  - Proceedings of the 2015 3d International Conference on Advanced Information and Communication Technology for Education
PB  - Atlantis Press
SP  - 468
EP  - 472
SN  - 2352-538X
UR  - https://doi.org/10.2991/icaicte-15.2015.108
DO  - 10.2991/icaicte-15.2015.108
ID  - Yong2015/08
ER  -