speech on the Internet finance

第一篇：speech on the Internet finance

Ladies and gentlemen, thanks very much for your presence.Today I would like to share with you some knowledge about the internet finance in China.The speech will focus on two sections：first, definition, what is internet finance;and second, reflection, what brings about the internet finance in China.Just as its name implies, the internet finance is a combination of internet and finance.It’s a brave financial innovation in the internet era.With the support of Internet technology and mobile communication technology, the internet finance, an emerging financial mode, has facilitated many financial business such as financing, payment and infomediary.Internet finance includes three basic forms of business: online micro-credit companies, third-party payment companies and financial intermediary company.The main features of the internet “Opening-up, equality, cooperation, share” permeates into traditional financial forms and radically changed the modern financial model.A case in point: Today, Alibaba, Tencent, and Ping An insurance jointly set up an Internet financial company, which is a good opportunity for the public to understand the Internet finance.The internet finance is originated in the West.However, it didn’t change the existing financial systems of these countries, nor did it promote the economic and social development in these countries.While in China, the internet finance is like a burning flame over the sky of internet.We couldn’t help to ask why the internet finance is so popular in China and what brings is about?

From my viewpoint, the following reasons are contributive to the rise of the internet finance in China—firstly, as a huge sum of social wealth has been accumulated, there is an urgent need for investment channels to maintain or increase the value.Secondly, the financing demands of vulnerable groups could not be satisfied because of the high cost of financing.Thirdly, traditional banks are unable to usher in innovations, so they consequently failed to serve shifting needs of different customers.So we can draw a conclusion that, it is the consumers’ changing financial demands in the age of big data that boosted the popularity of the internet finance in China.The internet finance, in essence, is a spark of financial democratization for China.With the new investment channels that are provided by the internet finance, those medium-and-small scaled enterprises and average people can raise money more easily.As a result, the Chinese people would enjoy a more liberal environment of financing.