Abstract
Disintermediation is becoming a hallmark of society in recent decades. Especially as many non-financial companies rapidly make their way into the financial sector with Internet technology, Internet finance has gradually come into being.
The essence of Internet finance is finance.
—Ma Weihua, former Chairman of China Merchants Bank
If banks don’t change, Let’s make change happen for them.
—Jack ma, chairman of Alibaba
Disintermediation is becoming a hallmark of society in recent decades. Especially as many non-financial companies rapidly make their way into the financial sector with Internet technology, Internet finance has gradually come into being. The birth of a new industry format has created a new environment and landscape, which weaken the role of banks as a payment intermediary, as well as other financial intermediaries, presenting rigorous challenges to traditional banking.
—Jiang Jianqing, Chairman of Industrial and Commercial Bank of China
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Notes
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UN. Building Inclusive Financial Sectors for Development, 2006.
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CGAP. Building Inclusive Financial System: Donor Guidelines on Good Practice in Micro-finance, 2004.
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ADB. Finance for the Poor: Micro-finance Development Strategy, 2000.
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UNDP. Building Inclusive Financial Sectors for Development, 2006.
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Jiao Jinpu, Chen Jin, Building an Inclusive Financial Sector in China—Making Financial Service Opportunities and Channels Available to All People, 2009 Edition.
- 7.
The institute is located in CEIBS’ campus. CEIBS Prof. Zhu Xiaoming acts as its director.
- 8.
Lufax: its full name is Shanghai Lujiazui International Financial Asset Exchange.
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© 2016 Shanghai Jiao Tong University Press and Springer Science+Business Media Singapore
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Zhu, X., Song, B., Ni, Y., Ren, Y., Li, R. (2016). Digital Finance—From Traditional Finance to Digital and Internet Finance. In: Business Trends in the Digital Era. Springer, Singapore. https://doi.org/10.1007/978-981-10-1079-8_9
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DOI: https://doi.org/10.1007/978-981-10-1079-8_9
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