Based on an analysis of the Internet’s development trends and subversive impact on Internet business model, Internet Finance delves into the operational structure, survival logic, theoretical foundation, and risk profile of Internet finance. It also outlines the boundary of substitution between Internet finance and traditional finance, and comes up with cornerstone regulatory guidelines for Internet finance.
Internet Finance argues that Internet finance is the third form of finance, and is the first one to claim that Internet finance is the “second disintermediation” of traditional finance. In addition, the author systematically expounds the theoretical structure of Internet finance and explores the cornerstone regulatory standards for Internet finance.The book is the author’s theoretical reflection about Internet finance rather than an explanation of practical problems.
About the Author
Wu Xiaoqiu, a financial and securities expert, is Assistant to the President of Renmin University of China, Executive Vice Dean of Graduate School, and Director of Finance and Securities Institute. He also is Professor at the School of Finance, Doctoral Tutor, and Distinguished Professor of the “Cheung Kong Scholars Programme.”Professor Wu has published nearly 100 papers for academic journals. His English works include Chinese Securities Companies: An Analysis of Economic Growth, Financial Structure Transformation, and Future Development (Wiley, 2014).