Proceedings of the 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)

The Impact of Internet Financing on Commercial Banks -A Case Study of Savings Business

Authors
Fan Gu, Jiahong Li
Corresponding Author
Fan Gu
Available Online October 2017.
DOI
https://doi.org/10.2991/isbcd-17.2017.14How to use a DOI?
Keywords
Internet, financing, third party, on-line saving, commercial bank
Abstract
The rise of internet financing in China has brought considerable changes to the life style of people. It provides easier ways for different kinds of payments. It also derives other financing service such as on-line saving, online-lending, etc., which has impact the old structure of finance in China and also challenged the traditional banking service. This paper will focus on internet financing provider and traditional commercial banks. With the competition exists between these two parties, this paper will analysis the impact of third party on-line saving service to traditional commercial banks. And propose corresponding solutions in response to the third party payments shocks. Furthermore, to provide possibilities that may promote financing cooperation with other countries in accordance with the Belt and Road initiative.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Fan Gu
AU  - Jiahong Li
PY  - 2017/10
DA  - 2017/10
TI  - The Impact of Internet Financing on Commercial Banks -A Case Study of Savings Business
BT  - 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)
PB  - Atlantis Press
SP  - 62
EP  - 67
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-17.2017.14
DO  - https://doi.org/10.2991/isbcd-17.2017.14
ID  - Gu2017/10
ER  -