The Research On The Financial Deepening Effect Of China Internet-Finance

In this day and age, financial deepening has become a more and more important process in china’s financial reform since the economics of china has already gone into "new steady". The heated discussion around Internet-Finance is the manifestation of the hopes pin for its potential financial deepening effect. However, there is little research on the symbiotic correlation between China Internet finance and the finance deepening process.This thesis reasons the existence of typical finance institutions and Internet Finance in a processing perspective both into information asymmetry and transaction cost of financial market. Historically, the Internet Finance of China play an likely role as shadow banks in finance deepening process of American after 1930s.Accordingly,the effects can be abstracted into rate marketization and inclusive finance.Therefore, this thesis takes Internet Money funds and Shibor for instance. Using the data of rates of Shibor and Alipay, this thesis make an empirical study and find that evidence that Internet Finance increase the degree of rate marketization.Meanwhile, using the data of Households Finance Survey that conducted by Tsinghua University, this thesis make empirical study on the inclusive finance characters of Internet Finance, then we find the corresponding evidence.In this way, this thesis verified the hypothesis that China Internet Finance deepens the Finance marketization. However, due to the unsteady of result of empirical study and burgeoning status, The Internet Finance should be supervised in incentive compatibility and the "Big data" key tactics.