(A) to achieve extensive coverage of financial services
1, with wide geographical coverage. Traditional financial institutions need to lay institutions to improve coverage. Traditional financial institutions are difficult to penetrate into economically backward areas because of the high cost of laying institutions and the distribution of their main resources in areas with concentrated population and commerce. Internet technology has opened up a path to solve this problem, because it does not need physical branches to match transactions, avoiding the laying cost and operating cost of business premises. In some areas, even if there are no bank outlets and ATM machines, users can obtain corresponding financial services through terminal tools such as computers and mobile phones.
2. Social groups cover a wide range. The product innovation of Internet technology lowers the entry threshold for customers and creates opportunities for low-income groups not covered by traditional financial institutions to enjoy financial services. The openness and enjoyment of the Internet are conducive to the integration of fragmented financial needs and the formation of scale advantages. In addition, with the help of the networking and standardization of operating procedures, Internet technology has reduced the professional requirements of financial transactions for staff, and greatly accelerated the speed of business processing. The product innovation of Internet technology reduces the aristocratic attribute of finance, strengthens the popularization trend, and embodies the inclusiveness of finance.
(2) Narrowing the funding gap for the development of small and micro enterprises. The main reasons for the difficulty in obtaining loans for small and micro enterprises in China are opaque information, irregular financial management, low data reliability and lack of mortgage and collateral. It is these inherent deficiencies that make financial institutions that design business operation and risk control models based on this kind of information almost never consider participating in small and micro enterprise loans in a state of sustained profitability. This is because the traditional profit model determines that their credit to capital demanders is not based on the matching of supply and demand in the market, but on the value-added mechanism of capital itself, that is, the normal return of lent monetary capital is considered first, that is, the security of monetary capital is followed by the value-added return of monetary capital, that is, the profitability of capital. Internet technology, with its unique information resources, profit and risk control mode, lends money to small and micro enterprises, which can form longer, more personalized high value-added products and more exclusive customer relationships.
(3) It is helpful to promote the democratization and humanization of finance and improve the financial cultural environment of "elite narrative". Finance is not "making money for the sake of making money", it exists to help achieve social goals. Modern finance weakens the influence on a single individual by spreading risks to a large number of individuals, thus protecting people's basic assets, occupations, housing and creativity. However, the monopoly of information and the solidification of market forces have limited the application scope of financial knowledge to a very narrow range, which has led the financial industry to ignore its most basic responsibilities for a long time. Internet technology itself contains the concept of equal cooperation and the logical structure of open sharing technology, which is helpful for the financial industry to reshape the basic interests of the people, break the elite power structure of finance and prevent it from being arbitrary in the distribution of wealth and power.
The development of Internet technology is a systematic evolution process, which involves a wide range and has great influence. It permeates almost everyone's behavior and even gradually changes the way society operates. Therefore, it is necessary to grasp the process dynamically in combination with the ever-changing objective conditions, predict the possible problems in each development stage and prevent them in time. At present, driven by the development of information technology, the use of digital financial tools such as various information publishing systems, payment systems, electronic trading systems, and online personal financial planning systems has shown a significant growth trend. These emerging financial practices are changing the original financial ecological environment. In this process, some alienation phenomena can not but arouse our vigilance, because these phenomena may lead our financial practice to deviate from the original intention of sustainable development.
(A) the alienation of loan capital. The application of Internet technology should ensure that the borrowed monetary capital is always in a subordinate position, which is an important principle to avoid China's economy from being divorced from reality and to maintain social distribution fairness and justice. However, at present, some phenomena show that some institutions have begun to gradually implement various forms of economic financialization by means of science and technology. No matter what technical means and profit model financial institutions adopt, they must ensure that the borrowed monetary capital is in a subordinate position, serving the use of labor force and serving the people to enjoy the dividend of reform and development. The national nature of China's socialism determines that China should resolutely prevent capital from gradually separating from the production process and production field with the help of Internet technology, and eventually become a tool for minority people and minority groups to make profits.
(B) the alienation of financial culture. In the financial practice of using internet technology, there is a trend that people demand speculative logic to replace production logic in some places, which has laid a hidden danger for social stability. Internet technology helps to promote the transformation and upgrading of economic development mode; It helps to support "mass entrepreneurship and innovation" and enhance social equity and social harmony. However, the novelty, convenience, virtuality and low threshold brought by Internet technology are easy to form financial fanaticism among the people, especially in the case that China's financial market is not standardized and its financial supervision ability is relatively insufficient, we should be highly alert to the financial products and financial models with high income, low risk and unknown income sources promoted by Internet technology. Recently, China has been exposed to financial fraud by means of internet technology, involving a huge amount of money and a large number of people, and all of them are mainly small and medium-sized individual investors, which has caused extremely bad influence in society and even turned into a group event.
(3) Alienation of regulatory logic. The financial model of Internet technology is diversified, and the products launched in each form are even more dazzling. In addition, Internet technology, as a representative of "advanced" and "high-tech" in the current social background, has been continuously strengthened, which has led to a certain degree of alienation in the regulatory logic of the regulatory authorities, that is, some technological arbitrage behaviors have been identified as innovation. Internet forms and ways of thinking can effectively supplement the shortcomings of traditional finance and improve the efficiency of market resource allocation. However, we cannot blindly apply the regulatory logic of "the law can be done without prohibition" and rely on the financial model of Internet technology. We should recognize the true nature of this behavior under Internet technology. Our country has the corresponding legal basis to strictly control some financial activities, and once these activities become a model with the help of internet technology, they are respected by everyone. It should be recognized that Internet technology is only a form and carrier of financial practice, and its essence is still a collection of finance. Regulators should be wary of the "white horse is not a horse" theory promoted by technological arbitrage. This phenomenon also reveals the rewriting function of the changes brought by science and technology to public policies: efficiency has become the implicit premise evaluation of the characteristics of social order.
Alienation of development goals. Recent research shows that China's microfinance institutions with the help of Internet technology have begun to shift their clients, that is, through mode alienation and new financial access procedures, the clients will be replaced by large enterprises and high-income groups from small and medium-sized enterprises and low-income groups. The nature of this kind of financial institutions' target deviation is the road from online to offline to traditional finance. However, this deviation is not allowed by the current market supervision system and is not commensurate with its risk management and control ability. Emerging financial institutions should give full play to their advantages, make full use of Internet technology, provide differentiated and complementary services and channels with traditional finance, and meet the multi-level and personalized financial needs of consumers, thus forcing the reform of traditional financial industry; However, the reality is that once emerging financial institutions have the trend of development and growth, they immediately adopt the strategy of "collusion" with traditional financial institutions. Under this strategy, those optimistic ideas that try to expand China's financial practice and solve the deep-seated problems of China's financial structure through the development of Internet technology are tantamount to seeking fish from the same source.
The influence of Internet technology on China's financial practice shows that in the process of interaction between technology and society, it is very important for the government to make clear its value orientation and guide the situation. According to China's specific cultural and institutional situation, technology should be prevented from degenerating from productivity to controlling power to distinguish people's identity and status. Therefore, the public policy of science and technology must be based on the perspective of comprehensive evaluation and follow the moral requirements of this perspective. However, when we only take scientific and technological efficiency or market value as the sole criterion, policy makers implicitly pre-select some solutions for the problems they choose to solve. However, the implementation scope and effect of these solutions are actually limited to the fields related to production and exchange, ignoring some bad practice orientations in social life. If these bad orientations are not corrected for a long time, they will participate in the production and reproduction of the value system of the social common sense system, leading to the overall alienation of people's behavior and ideas.
The influence of science and technology on society is neither nihilistic nor transcendental. On the contrary, they are produced in the dynamic process of adapting to a certain culture. This is a process of trial and error. Through this process, practice and experience lead to the formation of value judgment, which leads to the adjustment of public policies under the constraint of cultural continuity to correct problems. Science and technology decision makers always choose among various wishes, preferences and goals, because they have to make a choice.