How Internet Finance Can Support Popular Innovation

Entrepreneurship is inseparable from funds. When the country vigorously promotes "mass entrepreneurship and innovation," how our finances support, how our internet finance should serve small and medium-sized enterprises, serve individual innovation teams, and how Internet finance should develop. In order to adapt well to China’s wave of innovation, China’s securities market has become a focus of attention in addition to the current methods and whether there are new segments to support personal innovation.

On June 7, 2015, the "3rd China Mobile Finance Conference" sponsored by the IFC1000 was held in Beijing. With the continuous deepening of the concept of “Internet+” and the arrival of the Internet entrepreneurship boom, the theme of the conference was “New Finance, New Venture, and New Ecology”. Keynote speeches were given by heavyweight guests from the economic and financial related fields. The current amount of Internet innovation and entrepreneurship conduct in-depth analysis and provide policy recommendations. The newspaper specially edited the main content of the speeches of several keynote speakers and shared the views of the big coffee.

Yao Yudong, director of the People's Bank of Finance Research Institute:

Equity crowdfunding will become the new 5 board of China's capital market

Yao Yudong mentioned at the meeting that “mass entrepreneurship and innovation” is becoming a trend. How should the capital market innovate in order to support popular innovation and people's entrepreneurship? Equity crowdfunding will be a very important way, as a multi-level capital market Powerful supplements will be of great help to control the overall economic leverage and will become the new 5 board of China's capital market.

Yao Yudong explained at the meeting the “54321 plan” for equity crowdfunding. “5” refers to equity crowdfunding will become the new 5th board of China’s capital market, enriching the multi-level capital market structure, and the future equity crowdfunding platform will incubate 10 million. Start-up company.

"4" means that according to investor preferences, risk tolerance and financial strength, the investor level can be divided into four levels: public offering, small public offering, large private placement, and private placement. Yao Yudong believes that the risks of crowdfunding are still very high, not ordinary people can afford it, can not take pensions to invest, and the concept of “crowdfunding qualified investors” should be established.

"3" means that according to the scale of financing, the crowdfunding platform can be divided into three levels: seed crowdfunding, angel crowdfunding and growth crowdfunding, and different levels of information disclosure requirements, so as to reduce the cost of information disclosure by financiers and the entry threshold. Seed crowdfunding is very risky and requires institutional investors to intervene; angel crowdfunding should focus on institutional investment and follow the lead + follow-up model; growth crowdfunding should be the main promotion model in China.

"2" refers to equity crowdfunding should adhere to two bottom lines: First, no pool of funds, third-party banks for fund custody; Second, can not provide guarantees, including invisible guarantees.

"1" means that the equity crowdfunding cannot penetrate a red line: that is, 200 people are currently stipulated in the "Company Law" and the "Securities Law." Penetration means illegal fund-raising. Equity crowdfunding cannot lead to illegal fund-raising, which will have a huge damaging effect on the industry. Yao Yudong believes that the red line that is currently regulated by law cannot be penetrated in any form under any circumstances.

Secretary of the Beijing Municipal Bureau of Finance Huo Xuewen:

Internet finance needs 8 parties to co-govern

The Secretary of the Beijing Municipal Bureau of Finance, Huo Xuewen, pointed out at the meeting that the principles followed by internet finance innovation are called simplification of complex issues, standardization and maximization of simple issues, and supervision of internet finance must be a simple and effective process, namely, product registration, information disclosure, and funds. Hosting. Whoever you sell to know that your disclosure of information should be disclosed to regulators, and your final funds must be managed. This is the three most fundamental key to solving the current Internet finance problem, including the P2P run.

Huo Xuewen pointed out that the governance of Internet finance must be jointly managed by all parties. Including: Central government, judicial departments, regulatory agencies, local governments, industry associations, news media, Internet companies themselves, and the international community. The essence of internet finance must be to serve the people.

Yang Zaiping, full-time vice president of the China Banking Association:

Internet finance needs the help of Industry 4.0

Yang Zaiping believes that there are two stages in the development of Internet finance. The first stage is the replacement of traditional financial platforms with Internet financial platforms. The second stage is to use Internet intelligence to solve financial problems and penetrate intelligence into all aspects of industry. At present, China is at the top A stage of development. The development of internet finance needs the help of Industry 4.0's ideas, namely smart ideas.

Yang Zaiping believes that the Internet has three major advantages: cross-temporal space advantage, big data and cloud computing information advantages and cost advantages. Simply replacing the traditional financial platform with an Internet platform is not enough. The penetration of Internet intelligence into finance should be strengthened. The opportunities in cross-temporal transactions should be discovered to the maximum extent, and a large number of personalized financial solutions should be formed. The product development and intensified risk control should be based on the intelligence of the Internet. An intelligent business model based on the Internet must be formed and applied to the financial sector to solve complex problems. Financial issues. At present, China's Internet platform finance has taken shape, and in the future, it expects the emergence of Internet intelligent finance.

Wang Suzhen, Deputy Secretary-General of the China Payment and Clearing Association:

Internet financial regulatory rules will become increasingly clear

Wang Suzhen believes that the development of mobile payment in the past year has been a three-point trend. First, mobile payment services will increase in volume; second, there is a huge application space for the application of O2O in mobile scenarios; and third, there is a clear trend in the socialization of Internet finance. In 2014, payment agencies handled 21.53 billion Internet payment transactions, amounting to 1,705 trillion yuan, an increase of 43.52% and 40.29% year-on-year. In the mobile payment business last year, the payment institutions handled 15.33 billion pens, the amount was 8.24 trillion yuan, and the growth rates were 305.9% and 592.44%, respectively. It can be seen that the growth of mobile payments is an explosive development.

Wang Suzhen said that "Guiding Opinions on Promoting the Healthy Development of Internet Finance" is the top-level design of Internet financial regulatory rules, and its promulgation and implementation will lay a solid foundation for the healthy development of Internet finance and the establishment of various systems. The management methods and rules and regulations for Internet payment will be further improved. The rules for business supervision such as P2P network lending and equity crowdfunding will also be promulgated one after another. Internet finance will develop in a healthy and orderly manner.

At the same time, innovation in Internet finance will shift from follow-up to diversification, and the pace of innovation will continue to accelerate. In the early stages of the industry's development, P2P network guarantees, financial sales, and equity crowdfunding have become the standard for many Internet finance companies. However, under the influence of multiple factors such as market and capital, follow-through innovation will be difficult to sustain, homogenization competition will be difficult to gain market recognition, and Internet finance companies will start to break through innovation, pursuing both quality and quantity in the past. . In the financial standard selection and configuration, risk management and control, service experience and external resources, and other aspects of continuous innovation to form a differentiated line.

Jingdong Finance Vice President Yao Naisheng:

Jingdong Lightweight Crowdfunding helps reduce urban-rural differences

Yao Naisheng, vice president of JD Finance, said at the meeting: First, Jingdong, the ideal of Internet finance is to create a full-blown, open internet financial platform for a wide range of services such as wealth management, payment, community, consumer finance, etc. In essence, finance provides a service for everyone. Different forms but the essence is finance. So our ideal is a full variety of services.

Yao Naisheng revealed that Jingdong has invested great energy in crowdfunding. Last July, Jingdong Goods Crowdfunding was launched for the first time. It covers simple physical objects, covers public interest, covers rights and benefits, and services. In March of this year, Jingdong launched an equity crowdfunding program. After the launch of the equity crowdfunding program, several projects were launched every week, and there was a monthly financing amount of 100 million yuan. In this field, we are also striving to make a little contribution for everyone, for society, and for the country, encouraging innovation and encouraging entrepreneurship. In this we build an infrastructure, an ecosystem, not only provide funds for innovative entrepreneurs, but also provide an ecosystem service, supply chain, marketing, design, etc. These services may be innovation and entrepreneurship. Needed more.

He also introduced Jingdong’s light crowdfunding products. Everyone can use JD’s light crowdfunding products to do some activities. He gave an example. Many migrant workers come to work in cities, but their parents and children may also stay in the countryside. The ideal of this innovator and entrepreneur is to play some of the latest movies for the elderly and children staying in the countryside. So he financed on the platform of JD. He did a light crowdfunding and melted a sum of money to use the money to play movies for the rural elderly and children left behind. “We made his own little dream, reduced social differences and challenges and made their own contribution. This is light crowdfunding. All communication, financing, and the last sharing are done on the mobile phone.” Yao Nasheng said .