(1) Germination stage (before 2005)
China's online finance sprouted in 2005, and there was no real form of online finance in this period, mainly because traditional financial institutions simply transferred their financial business to the network and used the network to carry out their business.
From 65438 to 0993, e-commerce produced a new business operation mode, and human business activities were brought into an all-round electronic era by the Internet. In order to win in the future competition, banks and other traditional financial institutions began to explore financial innovation, change the traditional business philosophy, payment methods and operation modes, and cater to the development trend of the internet-based financial industry.
Since then, online financial services such as online transfer, online securities account opening and online insurance purchase have appeared one after another, and various changes have brought great impact to the traditional financial model, indicating the arrival of the online financial era.
(2) Initial stage (2005-20 12)
From 2005 to 2065438+02, the development of Internet finance in China was in its infancy. The combination of finance and Internet has gone deep into the business field from the early technical level, and real Internet finance business forms such as third-party payment, P2P online loan and fund allocation have emerged one after another. In order to solve the credit problem caused by the unsynchronized payment of e-commerce and payment for goods, credit intermediary, as a third-party payment platform in the transaction process between buyers and sellers, came into being and developed rapidly. With the rapid popularization of mobile communication, third-party payment has been applied.
At this time, P2P network loan, another symbolic business form of network finance, also developed during this period and began to appear in China in 2007. Due to the marketization of interest rates and the accelerated development trend of financial disintermediation, P2P online lending has grown rapidly since it entered 20 10.