Research On The Relationship Between Internet Finance And Traditional Finance In China From The Perspective Of Symbiosis

From the initial e-commerce platform test water Internet financial products,to serve small and micro enterprises,individual entrepreneurs as a starting point,to the year of 2013 Yu'ebao emerged,China's financial industry ushered in the first year of "Internet Finance".The Internet financial industry,marked by the blowout growth in the number of P2 P online lending platforms in 2015,has become the driving force of a new round of basic financial services covering the whole country.According to the Analytical Report on China's Inclusive Financial Indicators 2017 issued by the Financial Consumption Rights Protection Bureau of the People's Bank of China on August 13,2018,the basic financial services have been basically covered within the administrative divisions of the village level in China,and the growth rate of electronic payment is remarkable.This not only benefits from the rational use of Internet and other information technology by traditional financial institutions,but also provides a good environment for Internet finance to innovate its own mode of business,improve the level of preventing systemic financial risks,and create an excellent symbiotic development environment for the ever-developing Internet financial industry model and traditional finance.It is crystal-clear that there is a strong complementary symbiotic relationship between Internet financial technology and traditional finance represented by banking industry.On this basis,this paper further discusses the inevitability of the emergence of Internet finance in China,and qualitatively demonstrates the particularity of the formation of China's Internet financial market in the process of development,and clarifies the realistic origin of the problems described in the subsequent chapters.Firstly,this paper will introduce the two theoretical foundations involved-Financial Symbiosis Theory and logistic model;Secondly,it will discuss the formation mechanism of the Internet financial industry model and the existing mature business model in the light of the rising process of the Internet financial market in China,and make a qualitative analysis of their symbiosis status quo;And then,it will follow the basic path of the discussion of Financial Symbiosis relationship.By constructing a symbiotic model and calculating the index of population density and symbiotic degree between symbiotic units,we can get the symbiotic relationship between the two.We will also make a quantitative empirical analysis of specific Internet financial forms,such as third-party payment,Internet financing and crowdsourcing financing,with a view to further demonstrating from the data point of view: Internet finance and traditional Finance in China at the present stage.In addition there are between the generally accepted symbiotic relationship,influence the formation of the Internet financial situation of the whole financial market is much better than people think is so strong,though the effect degree is in accelerated phase,but the traditional financial sector is still due to its high frequency,large volume of business lines and mature capital operation and monitoring system occupy a dominant position in the financial market;Finally,this paper expounds the symbiotic development of Internet banking and traditional banking focus,and construct the ideal symbiotic system framework,provide useful guidance for the implementation of the two well-ordered symbiosis.