国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

No need for China to copy US model in Internet finance

(Xinhua) Updated: 2014-03-21 14:22

NEW YORK - China can learn some experiences from the United States in managing Internet finance rather than completely copy the US model, an industry expert said.

Duplication is not feasible as the two countries have been walking on different paths in this sector, Cai Kailong, Secretary General of Internet Finance Club 1000's Wall Street branch told Xinhua recently.

Unlike that in the United States, where credit card is a dominant way to make payment, China's credit card payment is still not mature, which leaves room for online third party payment and products with both payment and investing functions, he said.

Cai suggested that China learn from America's experience in structuring a sound and effective system framework of Internet finance.

Product designing is quite important in China, as finance based on mobile Internet and smart phones has witnessed robust development in recent years, Cai said, citing Yu'E Bao, created by e-commerce giant Alibaba's online payment arm Alipay, as an example.

The market entry threshold of Internet financial products in China is relatively low, while in the United States the applicant company needs to provide registered capital and approval from state government, he noted.

The expert suggested that China step up information disclosure, develop individual and enterprise credit system to help raise default costs and consequently reduce defaults, and tighten requirements for Internet finance companies to enter the market.

No need for China to copy US model in Internet finance
 
 

 

Hot Topics

Editor's Picks
...
...
贺兰县| 麻城市| 达日县| 彭山县| 化州市| 突泉县| 麻江县| 长宁区| 元谋县| 康平县| 长寿区| 方山县| 东安县| 房产| 濉溪县| 疏勒县| 富裕县| 汕头市| 米林县| 固安县| 广德县| 佛冈县| 泸西县| 新闻| 绥滨县| 浮梁县| 广宁县| 会泽县| 家居| 万全县| 长岭县| 邳州市| 临泉县| 顺昌县| 定陶县| 远安县| 株洲县| 宾阳县| 电白县| 湘乡市| 福安市|