A Study On The Impact Of Internet Finance On Commercial Banks In China

Internet finance broke out in 2013 and in 2014 known to the public, its development has great influence on people’s daily life and work, also have a profound impact on commercial banks.In this article,we first discusses the definition of the Internet finance, combining previous discussion on the Internet finance, distinguish the boundary between Internet financial and electric financial.And then we come to the current development of the Internet finance and compare the strength and weakness of Internet finance and commercial banks.Then conclude the advantages and disadvantages of the Internet financial and commercial Banks. Based on all the discussion above,we try to analysis the impact of different business models of the Internet finance on the commercial banks. Internet finance’s impact commercial banks’ focused on the incomes and fee incomes. However, this impact would not be a disaster to commercial banks,but maybe a chance to stimulate commercial banks to find a way to transport. At last,we talk about the future trend of the Internet finance and the trend of competition with commercial banks.With reference to the experience of foreign Internet financial in developed countries, we give some suggestions to commercial banks to confront the challenge of bloom of Internet finance.