Development of Internet Finance in China

Abstract

The emergence of Internet finance has spawned many new financial products and new financial ideas. There are many more convenient and fast financial management channels, lower cost financing channels, and higher-yielding wealth management products have emerged. Investors in the financial market have more choices, and the formation of benign competition is very conducive to the development of the entire financial industry. After more investors have gained more understanding of the financial industry through the Internet, their willingness to participate in the financial market has increased, bringing vitality to the development of the financial market.But at the same time, it also has a negative impact. Through this work, we can find that the development of China's Internet finance industry has been strong in recent years. This paper explores the development and impact of Internet finance in China by studying the cases and data of China's Internet finance industry.