日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Technology

China's Fintech contributes to world in technology and business models

By Song Jingli | chinadaily.com.cn | Updated: 2017-09-29 10:32
Share
Share - WeChat

Foreigners experience using mobile payments to buy vegetables at a marketplace in Hangzhou, Zhejiang province, on April 14, 2017. [Photo/Xinhua]

Q: What are internet finance's contributions to the whole economy in China?

A: First, internet finance has boosted efficiency of the whole economy.

As China's mobile payment value has exceeded 38 trillion yuan($5.69 trillion), 50 times of that in the United States, this credit mainly goes to internet-based third-party payment.

Mobile payment has lowered transaction costs and increased transaction efficiency and hence has improved the efficiency of the whole economy.

Second, internet finance has improved financial inclusion in China.

Right now, most internet finance is for individuals, or households, or small and micro firms, which are under-covered by traditional finance. Low-cost, low-entry barrier and disintermediation business models of internet finance has made serving these groups possible. Taking internet loans as an example, in the year 2016, loans lent on internet platforms neared 3 trillion yuan, most of which went to areas uncovered by traditional finance.

China's internet finance development in the past five years is well in line with the G20 High-level Principles for Digital Financial Inclusion rectified on the Hangzhou Summit held between Sept 4 and Sept 5.

Third, China's internet finance has helped the country build its credit system.

Progress on the building of China's personal credit system used to be slow for a long time. However, as internet finance has enabled more individuals to get their loans via internet-based platforms and as there are no universal criteria for judging one's credit score, more and more big data companies or Fintech companies have increased their R&D on credit scores. Although there is a long way to go, these companies, which have aroused Chinese people's credit awareness, are the embryonic form of the country's credit sector.

Fourth, internet finance has boosted employment. According to Fintech Lab's database, the number of Fintech companies has exceeded 10,000 and the largest Fintech company has more than 40,000 employees. Fintech has become an increasingly important force in driving employment.

|<< Previous 1 2 3 4 5 6 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩精品一区二区三区中文 | 日韩欧美一二三区 | 日韩成人在线播放 | 国产日韩欧美视频在线观看 | 丁香婷婷久久久综合精品国产 | 超级碰97| 三级理伦| 久久国产精品免费网站 | 欧美综合国产精品久久丁香 | 99国产在线 | 大学生a级毛片免费视频 | 色秀视频在线观看全部 | 国产精品区免费视频 | 好看的中文字幕在线 | 日韩精品第一页 | 色婷婷综合久久久久中文 | 欧美日韩a | 一二区视频 | 亚洲www啪成人一区二区 | 一呦二呦三呦国产精品 | 久久99深爱久久99精品 | 天天夜夜人人 | 成人精品视频 成人影院 | 色就是色欧美 | 日韩中文字幕不卡 | 亚洲一级毛片 | 精品视频久久 | 91亚洲精品丁香在线观看 | 亚洲人成亚洲人成在线观看 | 国产欧美高清 | 欧美精品久久久久久久久老牛影院 | 中文字幕一区二区三区四区 | 亚洲资源在线视频 | 日韩欧美亚洲在线 | 最新中文字幕日本 | 国产精品久久久久久久四虎电影 | 成人福利视频在线看高清观看 | 免费人成在线播放 | 久久华人 | 5278.cc| 国产免费观看一区 |