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/).

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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
10.2991/wrarm-17.2017.51
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  -