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