1. What is Internet consumer finance?
Internet consumer finance refers to the provision of consumer financial services to users through the Internet. As residents' consumption concepts become increasingly mature, consumer finance companies have ushered in many opportunities, and the state has also provided policy support to encourage consumer finance to develop innovative consumer credit loan products. Moreover, Internet consumer finance makes use of Internet technology to reduce the cost for institutions to acquire customers, which is conducive to expanding the consumer finance market.
In short, Internet consumer finance is a new type of financial service, and online loans that everyone has more contact with belong to Internet consumer finance.
2. Who is responsible for supervising Internet consumer finance business?
The People’s Bank of China is responsible for supervising Internet consumer finance business. Online lending is supervised by the China Banking Regulatory Commission, which requires clear information for direct lending and provision of information services, and no mention of illegal fund-raising.
We must actively encourage innovation in Internet financial platforms, products and services, stimulate market vitality, and support qualified financial institutions in building innovative Internet platforms to carry out online banking, online securities, online insurance, online fund sales and online consumption. Finance and other businesses; support Internet companies in establishing Internet payment institutions, online lending platforms, equity crowdfunding platforms, and online financial business enterprises in compliance with financial laws to establish and improve online financial service systems and encourage practitioners to actively develop products, services, Technological and management innovation enhances the core competitiveness of practitioners.
Unless the People's Bank of China, together with the financial regulatory authorities, implements supervision according to the division of responsibilities and has other provisions, practitioners shall select qualified banking customers' funds for management and supervision, so as to achieve separate account management of client funds and the practitioners' own funds. Independently audit and disclose audit results to clients.
3. What is consumer finance
Traditional consumer finance refers to the modern financial service method that provides consumer loans to consumers from all walks of life.
In today's era of Internet finance, Baidu Finance has taken the lead in redefining the meaning of consumer finance, enriching the connotation of consumer finance, that is, it is not just "borrowing money for consumption", but also "border consumption". "Make money while consuming" relies on the efficiency, convenience and equality of the Internet to achieve a win-win ecosystem for investors, financiers, producers and consumers.
Baidu Consumer Finance has the dual attributes of "consumer finance". Users can not only enjoy high-quality personalized C2B service consumption, but also have potential money-making opportunities. The financial model behind it is "Consumer Trust Fund Trust" "The dual financial management and control model is used to supervise and protect the realization of consumer rights, carry out risk management and control of funds, and maintain and increase the value of funds.
4. What is the difference between Internet finance and Internet consumer finance?
In essence, Internet consumer finance is actually online loans. Consumer finance refers to a way for relevant institutions or organizations to provide consumer loans to different consumers to meet the needs of people who consume in advance. .