Changes finance has brought to life:
Bank deposits are getting smaller and smaller
It is said that Chinese people like to save, and Chinese families have more than five financial assets. Three-thirds are saved in banks and only one-tenth is invested. It’s not that Chinese people don’t like investing. The fundamental reason is that the domestic investment market is immature, the variety of investment products is single, the yield difference is small, and the people lack wealth education. In the United States, only one-tenth of households' financial assets are held in banks, and the rest are used in investments. Today's U.S. financial market is the future of the domestic financial market. With the emergence of P2P online lending platforms such as Yu'e Bao and Tuotian Sudai, as well as Internet financial platforms such as online stock trading and online consumer lending, more people in China are combining investment in online lending platforms such as Tuotian Sudai with online stock trading. , purchasing fixed investment funds as a proportional asset allocation method - this reduces the ratio of bank deposits. It was reported that at the end of 2015, China's large banks experienced negative asset growth for the first time, and it is expected that bank deposits will become less and less.
Financial services are safer
Internet finance has not ignored the risks of finance. On the contrary, it is building better financial services by using new technologies such as big data, cloud computing, and risk control modeling. Infrastructure, Internet financial services will be safer. Take the Tuotian Sudai platform as an example. In the past 12 months, the bad debt rate has been zero. This is one of the better platforms in China. Some people think that P2P online loan investment is unsafe. In fact, this is just a case, or the target platform of investment itself is a copycat P2P platform. With the promulgation of a series of regulatory policies by the country since 2015 and the launch of special rectification activities since 2016, problematic platforms are cutting their own losses and exiting. The P2P online lending industry is gradually being reshuffled and will be more standardized in the future.
Financial services are more convenient
Internet finance has made financial services more convenient, which was unimaginable before. In the 1990s, stocks were booming in China, and investors often queued up all night in front of the stock exchange to complete a transaction. Internet finance has changed everything. Now, a transaction can be completed with just one click of the mouse while sitting on the toilet. Internet finance makes investing more convenient. There is no need to queue up at a bank or stock exchange. It can be completed in minutes with just a click of the mouse and a swipe of the finger.
Financial services benefit everyone
Traditional financial institutions focus on financing large state-owned enterprises, while small and micro enterprises and personal consumption are excluded. Internet finance makes up for the shortcomings of the existing financial system. Defects, seize the vast blue ocean market of small and micro enterprises, personal consumption and high-yield personal investment needs, and promote the creation of trends and increments in the financial industry. "Finance returns to its original intention, with warmth and love!" To be successfully applied, any business model must have done something for the society and the country. If you only think about making money yourself, you will not succeed. Tuotian Sudai is the same, committed to serving more people in multiple fields. As economist Robert Shiller once said, "Finance is not about making money."