Proceedings of the Fifth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2017)

The impact of Internet-based Financing on China's commercial banks and Countermeasures

Authors
Min Yu
Corresponding Author
Min Yu
Available Online November 2017.
DOI
10.2991/wrarm-17.2017.51How to use a DOI?
Keywords
Internet-based financing; commercial bank; economic function; influence; countermeasure
Abstract

It has had a great impact on China's financial industry since the birth of internet-based financing. Information system, such as social networking, mobile payments, big data and cloud computing has developed a lot, which provides technical support for the development of internet-based financing, and also has great impact on commercial banks today. The commercial banks must adapt to the information society brought by the internet-based financing competition and take effective countermeasures to it. The arrival of internet-based financing is both an opportunity and a challenge to commercial banks. Based on the analysis of the internet-based financing's impact on commercial banks, the advantages in economic function of the internet-based financing and commercial banks, the article gives commercial banks the countermeasure to internet-based financing.

Copyright
© 2017, 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/).

Download article (PDF)

Volume Title
Proceedings of the Fifth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2017)
Series
Advances in Intelligent Systems Research
Publication Date
November 2017
ISBN
978-94-6252-429-3
ISSN
1951-6851
DOI
10.2991/wrarm-17.2017.51How to use a DOI?
Copyright
© 2017, 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/).

Cite this article

TY  - CONF
AU  - Min Yu
PY  - 2017/11
DA  - 2017/11
TI  - The impact of Internet-based Financing on China's commercial banks and Countermeasures
BT  - Proceedings of the Fifth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2017)
PB  - Atlantis Press
SP  - 291
EP  - 296
SN  - 1951-6851
UR  - https://doi.org/10.2991/wrarm-17.2017.51
DO  - 10.2991/wrarm-17.2017.51
ID  - Yu2017/11
ER  -