Most People Say That Internet Finance Is Inclusive Finance.

< p > with the rapid expansion of "a href=" http://www.91se91.com "balance treasure" /a, the bank's counterattack and the favor of investors, the balance treasure has gone beyond the haze as a hot topic during the two sessions, while most experts expressed support for the development of the balance treasure.

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< p > for the first time written into the government work report, for the balance of treasure as the representative of Internet finance, undoubtedly injected a booster.

At the other end, however, it is the "encirclement and suppression" intensified by traditional banks.

Is it really a serious interference with the interest rate market as a "financial sucker"? Or is it an active contribution to the acceleration of interest rate liberalization under Inclusive Finance? < /p >

< p > in fact, behind the dispute over the balance of treasure, the views of the representatives of the two sessions also raised the public's concern for < a href= "http://www.91se91.com/news/index_c.asp" > Internet < /a > financial management to a new height.

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< p > < strong > "balance treasure": the scale exceeds 500 billion to become a hot topic < /strong > < /p >.

< p > according to relevant statistics, from March 3rd to 17 in March 8th, the two sessions of the NPC held 3162200 discussions on micro-blog, and the number of related news reports in the two sessions was 196000.

Among them, the issue of "cancellation of balance treasure" was mentioned 98700 times on Sina micro-blog, and was reported 41900 times in Baidu news, thus surpassing the haze problem of concern and ranking the top of the hot topic.

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< p > behind the massive concerns is the solidarity between the 81 million users.

From sina finance, "the most popular survey of financial products" shows that the balance treasure less than 8 months on the line is 57.8% voted as "the most investment financial product".

From zero to nearly 500 billion yuan, the balance of the treasure took only 8 months.

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< p > in fact, compared to tens of trillions, 500 billion is a drop in the ocean, far less than that of an ordinary commercial bank.

But the rapid growth and the net inflow of 5 billion yuan per day will no doubt cause big state-owned banks and commercial banks to become restless.

A widely accepted view is that the "baby corps" has a great impact on the banking industry.

One of the extreme ideas is that if the total amount of demand deposits in China is 16 trillion, all of them are pported by the balance treasure, and the interest rate that the banking industry will turn into the depositor's pocket every year will be as high as several hundred billion.

This led directly to the joint "counterattack" action of the banking industry.

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< p > < strong > three major state-owned banks: stop the deposit agreement, most experts support the balance of treasure < /strong > < /p >

< p > recently, it was reported that the three state-owned large commercial banks no longer accept the agreement deposits of various money market funds represented by their branches and the Celestica fund under the balance of treasure.

Before that, the China Banking Association reached an opinion in February 25th that "depositing bank deposits into the general deposit management such as balance treasure and other Internet financial and monetary funds".

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< p > there is no doubt that if the throat of the agreement deposit is strangled, its yield is bound to go down.

Ma Yuhua, the former governor of the Bank of China, said that if there was no bank deposit, the funds of those funds would have to go back to the bank.

On the other hand, if the interest rate of the commercial bank's demand deposit is released in the future, the profit space of the balance treasure will be smaller.

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Less than P, more experts support the banks and the traditional scholars of "Niu Wen Xin" who have "denounced" the balance of treasure.

Recently, Zhou Xiaochuan, governor of the people's Bank of China, made a clear statement that he would not ban financial products such as balance treasure.

Qian Haili, assistant analyst at the Internet Finance Department of the China Electronic Commerce Research Center, also said that after the controversy over regulatory and risk issues, such as balance treasure, financial communications and other Internet financial products, the mention of the government work report made the legal risks of Internet financial derivatives uncertain due to unclear policies.

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< p > on the "balance treasure harm to financial security" theory, Cai Esheng, former vice chairman of the China Banking Regulatory Commission, pointed out that Internet finance has a development process. It is not necessary to antagonism between Alipay, Yu Ebao and banks, to look at new things with a view of development; Yu Ebao can promote the marketization of interest rates of banks, and if there are problems in formulating rules according to the traditional bank's method, rules can be formulated from the overall order of market order and the protection of consumers' interests.

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Jia Kang, director of the Fiscal Science Research Institute of the Ministry of finance, said that Internet finance is promoting a new revolutionary change from Internet to financial circles, which is conducive to promoting the marketization of interest rates in China. In the future, we need to control risks and try to form a healthy impact on the banking industry as much as possible. P

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< p > < strong > investors: low threshold, flexible access and low yield < /strong > < /p >

< p > it is noteworthy that although there is controversy over whether the balance of treasure will cause interest rate uplifting, it is undeniable that a strong public opinion foundation has become a powerful support behind internet financial management.

The industry believes that the "baby corps" is attracting more and more participants and supporters. Unless the interest rate marketization is truly implemented, otherwise, the vigorous Internet financing is undoubtedly the general trend.

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< p > for the Internet financial products, under the increasingly fierce "melee", ordinary investors have become the biggest beneficiaries.

Despite the low interest rate in the interbank market, the yield of the IMF continued to decline.

However, the low threshold and flexible investment means of Yu Bao and other products still have a high degree of recognition.

Miss Chen, a Chengdu citizen, told reporters that most of the most recently guaranteed banks were "a href=" http://www.91se91.com/news/index_cj.asp "> /a" > the highest yield was around 5.6%, but the gap between the purchase price and the flexibility of Internet financial products was quite large.

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< p > < strong > industry regulation: < /strong > < /p >

< p > < strong > strict management into a consensus < /strong > < /p >

< p > on the other hand, in this government work report, while clearly defining "promoting the healthy development of Internet finance", we also stressed the need to "improve the coordination mechanism of financial supervision".

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< p > in view of the current big heat balance treasure and similar products, the supervision has been widely established within the regulatory authorities. There are more reports that the CBRC has launched research on bank savings and Internet financial management, especially for the "two rate consensus problem", and the privilege that the monetary fund currently enjoys "no penalty for early withdrawal of deposit agreement" may be cancelled.

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"P", the vice president of the people's Bank of China, Yi Gang, said that appropriate measures will be taken to guide and guard against the possible market risks to financial products such as the balance treasure.

At present, the market has a lot of arguments about the possible risks of financial products such as balance Bao, mainly aiming at the liquidity and price fluctuations that may be brought about by related products. Therefore, the central bank will pay more attention to market changes.

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< p > Wu Yan, chairman of the people's Insurance Group, further suggested that we should carry out classified supervision on different internet financial business models and products, strengthen the protection of Internet financial investors' rights and interests, strengthen the registration and mandatory disclosure of Internet financial products, improve the channels for complaints about internet financial investment networks, improve the mechanism of complaint acceptance, and explore the establishment of the Internet a href= http://www.91se91.com, the financial /a investor protection fund, and build the last line of defense for Internet financial risk management.

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