In 29 September, Zhejiang Internet Banking Alliance has been founded. This is a creative attempt of Zhejiang government in guiding self-regulation and development of the industry. Zhejiang government wants to be a positive guide in the healthy and orderly development in formating of Internet Financial Alliance, in order to make Zhejiang as a financial innovation center.
When formatting the alliance, vice governor of Zhejiang Province, Zhu Congjiu said that Internet banking is the important breakthrough to build the apex of financial industry in Zhejiang. It is not only the important support to build the Zhejiang Financial trillion industry, but also the pusher in Zhejiang industrial transformation and upgrading.
We can notice from the internet release of Zhejiang financial alliance "White Paper of Zhejiang Financial net loan platform" that the current Zhejiang Internet banking presents three major trends: P2P industry penetration and acceptance in the Zhejiang province is rising; in comprehensive consideration of the number of new platform and problems runaway platform, the number of Zhejiang normal operating platform grows slower; the applications of financial big data makes Internet financial transparency a trend.
According to the "Report", until that of June 2015, the number of P2P net loan platform in Zhejiang reached 275 and the number of platforms P2P fluctuated growing trend overall; in the amount of platform trading increased about 3 times, in January 2014 from 2.474 billion Ascending to 10.363 billion in June 2015.
New trends and growing data show that Internet banking will become the new normal economic in the future, and therefore the establishment of Internet banking alliance to guide their self-regulatory development is a necessary means to effectively promote financial and economic development of Zhejiang Province.( Reporter: Yu Shujun/Translator: Huang Zijun)