The ups and downs and ups and downs of Internet finance in China are like those of the Chinese economy over the last three decades, where it is wild and feted and crises hang and give it a bad name. It's not healthy and smooth, but it's also trumping the rest of the world while running marathons in a sling. It captures a global priority that is unparalleled in terms of user numbers, penetration and even industry importance.
The market size of Internet finance in China reached 12-15 trillion yuan by the end of 2015, accounting for nearly 20 percent of GDP, according to a report released recently by McKinsey & Company, a world-renowned consulting firm. The number of Internet finance users has surpassed 500 million, becoming the world's largest.
As for the reasons, China's huge population base and the unique social structure and operation mechanism formed under the influence of Eastern culture are important reasons, but more importantly, China's economy develops at an unprecedented speed and across generations, especially the rapid transformation of the whole economic structure. All these have provided a rare fertile ground for the development of Internet finance, which highlights transparency, gives priority to technology, and combines the characteristics of inclusive finance and sharing economy.
Online finance is only a part of the Internet finance industry, and the total number of users it benefits is far less than the third-party payment that has penetrated into every aspect of ordinary people's lives. However, its characteristics of connecting the real economy, including a variety of traditional financial products and business forms, and even integrating and even building on a variety of traditional and Internet financial tools, including third-party payment. However, it has become the pearl in the crown of Internet finance, and can reflect the operation of economic society and the efficiency of wealth creation and distribution.
In the field of online finance, high-quality debt asset investment and finance, including the "Internet + financial leasing" model, which has emerged rapidly in the past one or two years, has become the financial mode that best represents the vitality of the real economy and its ability to create wealth. Take Miaoqian, the first mobile financial APP in China based on "Internet + financial leasing" and professional third-party high-quality debt transaction, launched last year as an example. With its rich resources, advanced technology, professional team and well-honed risk control and operation mode accumulated in traditional finance and financial leasing, Miaoqian is connecting high-quality debt assets with massive stock of social funds. By introducing fresh capital for the transformation and upgrading of the real economy, it has created safe and stable investment and financial returns for the majority of ordinary individual investors. The core competitiveness of this model lies in grasping the development opportunity of the real economy and exploring the high quality creditor's rights and assets in the most dynamic industrial sectors.
For example, the financial leasing and creditor assets project of Anhui Huainan East Hospital, which was recently issued on Mianqian platform and quickly reached the full amount, is based on the background of the cooperation between Mianqian and domestic well-known financial leasing enterprises. Through the relevant risk control review mechanism and risk isolation mechanism, Mianqian transformed this high-quality asset, which was originally "monopolized" by traditional financial institutions, through the Internet and mobile Internet tools. Present to a wide range of individual investors. Through this professional online debt trading mode, individual investors will gain stable and considerable profits in the rapid growth and development of the largest hospital group in Anhui Province, which is based on the setting of information transparency, gold flow transparency, asset risk assessment and related user protection. More importantly, the core function of the medical industry in China's economic transformation and upgrading, especially in the key areas of people's livelihood in the 13th Five-Year Plan, provides strong endorsement for its rapid development in both policy and reality. Not long ago, Anhui Province issued a press conference on the Outline of the 13th Five-Year Plan for National Economic and Social Development. It specifically pointed out that in the next five years, Anhui Province will continue to vigorously promote the construction of people's livelihood with medical treatment as the core while achieving an average annual GDP growth of 8.5%. The number of beds for 1,000 people will reach 6. In addition, medical expenses for serious diseases and chronic diseases will be reduced through various means, and national TCM health service centers and national TCM clinical research bases will be established to carry forward medicine. It can be seen that the issuance of the Anhui Huainan Hospital project is timely, which also fully confirms the core ability of Miaoqian to quickly discover, review and issue high-quality debt assets, so as to help investors continue to benefit from the core ability of understanding the asset appreciation opportunities brought by the development of real economy.
Authorities predict that China's economy will enter a new normal of L-shaped development, with all types of assets facing the process of obsolescence, value rebalancing and rediscovery. The emergence of Miaoqian is exactly a feedback to the practical needs of every common people to be more closely connected with the overall development of the economy. It will also provide a powerful tool for everyone to quickly discover high-quality assets and open a new road to wealth. Recently, in the field of professional online debt trading, Miaoqian has begun to launch diversified debt investment and financing products based on the strictest risk control audit of real estate mortgage projects, providing more diversified investment and financing choices for the increasingly mature individual investors trained in the era of Internet finance.
