Internet financing in China: Challenges and ways forward

Author

Bo Jia ; Xiaofeng Ma ; Katzy, Bernhard R.

Author_Institution

Coll. of Electron. & Inf. Eng., Tongji Univ., Shanghai, China

fYear

2014

fDate

12-15 June 2014

Firstpage

1

Lastpage

4

Abstract

Internet financing is a new financial instrument in China, especially play a critical role in supporting SMEs and entrepreneurial development in China. Since 2013, China government enacted new regulation and policy to actively support private capital to enter into financial sector. Internet companies take an active role in this new field combining their competence in e-commerce and social network domain. However, there is unpredicted challenges for internet financing as it is still not supervised and regulated by central government. This paper will introduce the latest development of internet financing in China and its diversified formats. Institutional impact to internet financing is as well analyzed in order to interpret challenges and future development trends.

Keywords

Internet; electronic commerce; financial data processing; government policies; small-to-medium enterprises; China government; Internet financing; SMEs; central government; e-commerce; entrepreneurial development; financial instrument; financial sector; policy; private capital; regulation; social network domain; Biological system modeling; Companies; Economics; Finance; Government; Internet; China; Internet financing;

fLanguage

English

Publisher

ieee

Conference_Titel

Technology Management Conference (ITMC), 2014 IEEE International

Conference_Location

Chicago, IL

Type

conf

DOI

10.1109/ITMC.2014.6918595

Filename

6918595