China’s Internet Financial Relationship With The Traditional Business Of Commercial Bank

Internet financial is the emerging field with the combination of traditional financial industry with the spirit of the Internet. It is an emerging financial to achieve the financing, payment and information intermediary business by Internet tools such as pay, cloud computing, social networking and search engine. On the one hand, the Internet financial broke the monopoly competition situation in financial sector to the public from the traditional financial sector.It attracted public from the traditional financial sector to the emerging financial development model. It expanded the coverage of the industry society, it improved the service efficiency of funds, it let consumer spending habits、financial habits and ways change disruptively. A variety of phenomena show that, with Internet financial scale expanding, it is playing an increasingly important role in our developing country’s economy; On the other hand, for a long time, Traditional business of commercial bank based on its lending and deposit, payment and financial has unshakable status in the financing of match, the property value, financial services. This financial innovation brought upside down to the influence of traditional financial pattern, which made the commercial banks to face unprecedented impact. It has become an issue of common concern that the relationship between the both will how to develop in financial field.Based on P2P and bank credit business as a representative of the Internet financial and traditional business of commercial bank, this paper discusses the relationship of Complements competition and cooperation between the traditional business of commercial bank and Internet financial. From the macro view of point, it reflects in the symbiotic relationship between the traditional business of commercial bank and Internet financial. In order to illustrate the symbiotic relationship; It need to build up some indicators to determine it. Therefore, we build up the indicator system from the following 5 aspects:the compatibility of quality parameters, the formation of symbiotic model, the generation of new capacity, the choice of symbiotic interface, the evolution of symbiosis. And in the Ecological financial level, this paper provides a detailed analysis on the symbiotic relationship between the traditional business of commercial bank and Internet financial, thus to outline the theoretical framework of it. Building up a Logistic Growth Model through empirical methods with Eviews6.0 and Matlab, the author obtains the desired data by fitting the curve that shows the environmental capacity of commercial bank and Internet financial for density of each other. And the analysis finds that there is a clear symbiotic relationship between them. After the calculation of the symbiotic degree, it concludes the symbiotic relationship between commercial bank and Internet financial in an asymmetric reality. It also indicates that the model of cooperative symbiosis has much room for improvement. Combining the theoretical and empirical analysis, this paper put forward corresponding countermeasures and suggestions, separately on symbiotic environment, symbiotic unit, and symbiotic model. Hopefully, this paper can offer a new idea or reference to build a healthy cooperative symbiotic relationship between the commercial bank and Internet financial. Meanwhile, the author hopes it adds a new thinking to increase the financial supply in theory for China.