互联网金融对传统金融业的影响外文文献翻译

外文出处：DeBonisR, Silvestrini A. Internet finance and its influence ontraditional banking [J]. Applied FinancialEconomics, 2016,3(5):409-425.原文Internetfinanceanditsinfluenceontraditionalbanking DeBonisR, SilvestriniAA b stractsWith the rapid development of information technology, Internet financialmodel graduallyrise.ThispapersummarizestheInternetfinancialmodelonthebasisofth e concept, features and functions of Internet financial model in strategy,customer channels,financing, pricingand financial disintermediation of the impact of the tra di ti o nal c om mercial bank. T his paper a r g ue s t hat Inte rne t financ i al m ode l in the short term will not stand in the way of commercial bank's traditional business modelandprofit,butinthelongtermcommercialBanksshoulduseoftheInternetfinancial model,in order to obtain the new development. At the same time, the sustainedandhealthy development of the Internet industry to rely on Internet financialenterprises e lf-di s c i pli ne,posit i ve i nnovat i on,but a lsoattrac t m orec us t ome rs,strengt he nt h e construction ofsystemsecurity.Key words: Financial innovation; Internet financial; FinancialdisintermediationAt p r e s ent, m obi le payment, online ba nking, m obil e ba nki ng and financ i al businessinChina'sbooming financialinnovationssuchascloud,thusformedanew kind of financial model -- the Internet finance. Big data era and brand creation,spread tothedevelopmentoffinancialinstitutionsisbothachallengeandopportunity.Alo ng with the development of the Internet financial, emerging Internet traditionalfinancialcompanies and financial institutions will be a fierce competition, the future mayeven change thetraditional financial management mode and operationpattern. The Inter net financial concepts, features andfunctions Theconcept of the Inter net financial.After years of development, Internet companies stay in business does not providetechnicalsupporttofinancialinstitutionsandservicelevel,thedataaccumulated through the depth of mining information, to expand our business to thefinancial sector,buildfinancialmodelsandInternetbecometheemergingfieldofcombining inf orm a ti on technol o g ya ndca pi ta l.I nt e rne tfina n ci a lmodelisdiffer e ntfromindirectfinancing of commercial bank, it is also different from directfinancing capital market'sthirdfinancialfinancingmodel.Fromthe perspectiveofthe financingmode of Internet financial mode in essence is a kind of direct financing mode. Butcompared withthetraditionalmodeofdirectfinancing,Internetfinancingmodelhasalarge am ount ofinforma t ion,l ow e r transa c tioncost s,hig he ffic i en c y,et c.Adoptappropria t eth e Internet finance is a kind of financial model in the information age. Theauthor believesthattheInternetfinanceisbasedonmoderninformationtechnologyin financia l activities, with functions of financing, payment and transactionintermediary.Thecharacteristicsofthe Internetfinancial.Availabili t y of f i nancia l resources. Financia l exclusi on is defined as: people i nthefinancialsystemlackaconditioninwhichthe share of financial services,includingthesocialvulnerablegroupsinthelackofwaysormethodsiscloseto financialinstitutions,aswellasintheuseoffinancialproductsorfinancialservicesexist difficulties and obstacles. The current management mode,thetraditionalcom m ercia l Banks un able t o effi ci ent ly deal with small comp ani es, and part ofth eindividual customer's business requirements, lead to the financial exclusion of certaincustomers .Internet financial mode, the customer can break through the geographical restrictions, on the Internet looking for financial resources, alleviate thefinancialexclusion, enhance the level of socialwelfare.Trading the relative information. The traditional financing mode, thefinancial institutionstoobtaininvestmententerprises,especiallysmallmicroenterprise inform ation cost is higher, income and cost does not match. Internetfinancial generationanddisseminationofinformation throughsocial network, any enterpriseandindividualinformationwillcontactwithothersubjects.Bothpartiestocollect inform ation via the Internet, can be more comprehensive understanding of a businessor personal financial and credit situation, reduce the information asymmetry. Whenloandefault object, Internet financial enterprises through public default and reducing rating information, increase the cost ofdefault.The allocation of resources to mediation. The traditionalfinancing mode, the money s upplyand de m and both s i des inform a ti on often don't m a t c h.Capitaldemanders can't get the money in time to support at the same time, capitalsuppliers also can't find good investment projects. Internet financial mode, the money supply anddemandbothsidesnolongerneedtheintermediaryinstitutionssuchasBanksor exch angeset,canbedonethroughthenetworkplatformtoinformationscreening,ma t chi ng, pricing and tra di ng, di sintermediation effect isobvious.The Inter net financialfunction.The platform function Financial enterprises establish the platform ofnetwork financial via the Internet, customers can choose the suitable financial products,justmove your fingers, which can carry out payment, loan, investment, financialactivities,s uc h as convenient and quick, from running er r ands, and w a iti ng f or c us tome r.The allocation of resources(i.e.,financing) function. Internet financialisessentiallyawayofdirectfinancing.Internetfinancialmode,wecaneasilycheck counter party transaction records; To find the right risk management tools andriskdiversification; In-depth analysis the data by information technology,comprehensiveand i n-depth master competitors in form atio n, improve the effi c iency ofr e s o urce allocation.Asthe Internetfinancialmodel,the conceptof"sincethe financial"arisesatthehistoricmoment.3,paymentfunction.Internetfinancial mode, between merchants and customers to pay by a third party to complete, convenient,efficient,lower cost. The third party payment or will weaken the commercial bank, the statusofthe traditional payment platform. At present, the people's bank of China for about200third-party payment companies issued payment business license. In 2012, our country third party online payment market size of 3.8trillion.Information gatheringand processing.Traditional financialmode, theinformationresourcesdispersed,confuseddataisdifficult toeffectivelyhandlethe application. Internet financial mode, people use"cloudcomputing"principle,information asymmetry, thepyramid can be flattened, realize the standardizationofdata, structured, increasing the service efficiency of the data.Second, the Internet's influence on the traditional commercial bankingfinancial mode to review the financial strategy, to adapt to the challenges of the Internet fina nc ial model. The emergence of the Int e rnet f i nancial m o delfor s m al l andmedium-sized bank provides an opportunity to competewith the big Banks. If you canmakegooduseofthismodel,thepositiveinnovation,willcatchupwiththebig Banks in some emerging business, the formation of competitiveness. Traditional bankingmaybebecauseoftheInternet financialmodelchangeinthecompetitive la n dscape.SomeInternetcom pa niesha v enots a ti s fyon lydo t hird-pa rtyonl i nepayment platform, but with the advantages of data accumulation andinformation mining,directlytothesupplychain,smallmicroenterprisecreditfinancingexpansi on,the future may impact the core of the traditional banking business, rob Bankscustomerresources,alternative physical channels, overturning traditionalbankma na gement mode and profitable w ay.The development of banking customer andchannelThe customer is the basis ofcommercial Banks and other financial institutionsto the business. Internet financial model for commercial Banks to expand thecustomerbase. In 2012, the global Internet users up to 2012 people; Chinese Internet users is565 m i ll i on (2), the numbe r of onlin e s hoppi ng, 193 million (3).U nde r the modeof Internetfinancial,commercialBankscanbecombinedwithits ownstrategy,on theonehand,toattractnewcustomers;Ontheotherhand,increase customer adhesiveness, close business relationship with clients. Internet financial mode, thebank may change to traditional target audience and traditional physicalnetworkadvantages weakening, the pursuit of diversification personalized service of smalland medium-sized enterprises and individual customers more inclined to participate in a variety of financial transactions via the Internet. Commercial Banks willchange traditionalvaluecreationandrealizationway,abletoprovidefast,lowcostservicesoffin ancial institutionsto get marketfavor.Improve efficiency of resource allocation, effectively solve the smallmicroenterprise financing difficult problem.Internet financial companies with large data, cloud computing, and microlending technology. These three technologies can make a comprehensive understandingofthe Internetfinancialinstitutionsthebusinesspracticesofsmallbusinessesandindividual custom e rs and c redit ra ting, and esta bl ish a database and ne t w o rk c r edit sys t em. Inthecredit review, investors will network trading and credit history as a referenceand analysisindicators.Loanobjectsuchasadefault,financialfirmsstillcanusethe Internetnetworkplatformtocollectandpublishinformation,increasingdefaultcost,red ucetheriskofinvestors,intheserviceofsmallandmedium-sizedenterprise fina n cin g, a nd personal l oans has a unique advantage. T here f or e, t he Int e r n etfi n an c ialmodelcangobeyondthetraditionalfinancingwayofresourceallocationeffic iency,significantlyreducetransactioncosts,stronglysupportthedevelopmentofthereal economy. Thepricediscoveryfunction,andpromote themercerizationofinterest rate.Int e rne t fi nan c ial m ode l ca n obj e ctivel y r e fle c t the mar ke ts uppl y a nd d e mand bothsidespricepreferences, commercial Banks and other financial institutionsrespond to interest rate marketization.Debit offer Internet financial as a trading platform, funds, credit on the basis of the liquidity preference choice, risk factors,such as loan object, the two sides bargaining to clinch a deal, tradingmarketcom pl et e ly. W i t h m arket-ori ented inter es t r a te, financialinstituti ons ca nnotcompletelydependontheguidanceofthecentralbank'sbenchmarkrate,shouldtaketheinitiativetofindbenchmarkinterestratesinthemarket .TheInternetmode,financial institutions, financial market interest rate movements can be done viatheInternet, determine specific customer base interest rates. If can also in-depthstudyofdatamining,canevenformcompletelydeterminedbythemarket"rateindex",soas to improve the loanpricing.To speed up financial disintermediation.Traditional Banks inthe financial business,mainly ACTS as afinancialintermediaryfunction. Internet financial will acceleratefinancial disintermediation,make the funds of commercial Banks intermediary function marginalized. IntheInternet financial mode, Internet companies to provide financial search platform forcapitalsupplyanddemand,asmoneyinformationintermediaryrole.Fromthe perspectiveoffinanc ing,capitalsupplyanddemandbothsidesusingsearchplatform fortradingobject,afterthefinanci ngdealisdonebybothsides.Fromtheperspective of t h e pa y third-party payme nt pla t form, ca n provide c us t ome r s wit h paying,automatic collecting and transfer the remittance and settlement and paymentservices,with the traditional bank payment form instead.Third, the Internet financial mode development trendand strategy of commercialBanks.Overall,theInternetfinancial institutions development speed is fast,b ut the vol umeisre lat ive ly smal l,s h ort-te rm w ou ldnots ha kecomm e rcialbank's traditional business model and profit way. Sustained and healthy development ofthe financialindustry,theauthorthinksthat,theInternet,needtopayattentiontothe following four points: first, the Internet financial enterprises shouldself-discipline,business development can notdrill loophole legal and regulatory loopholes, shouldbeto support the rea l e c onomy as the start i ng point. Sec ond, the I nternet f inanci a l enterprisesshouldactivelyinnovation,andconstantlygraftfunctionof financialservicesandinformationtechnology,explorenewbusinessareas,complementarywith th e traditional financial business model. Again, the Internet financial enterprises touseits own resources,breakthe geographical boundaries,attract morecustomers,opera t in g a s "ma k ing a fool of. Fina l ly, the Inte rne t fi nan c ial enterpr i sesshould strengthentheconstructionofsystemsecurity,toensurethesafetyof capital,informationofthetrader. Fromthesocialenvironment, peopleshould give the Internet financial enterprises more open and tolerant attitude. Under the premiseofguarantee the financial stability and security, relevant departments can considertobreak through the geographical, trade restrictions, encourage financialindustry competition, safeguardsocial financial ecologicalenvironment.Traditional model of commercial Banks in the Internet age still mercialBanks'capitalstrength,cognitiveandhighcreditstanding,perfectinfrastructure,physicaloutletsarewidelydistributed, entitybank can establish the trust of the tangible. In addition to providing traditional commercial bankloanbusiness, wealth depository and provide payment and settlement business media, alsoforthesocietytoprovideliquidityinsurance,supportnormaleconomicactivity.Some financial business needs professional experience judgment, informationtechnology cannot completely replace the face the vigorous development of the Internet financial bus i ness, comme rc ia l B a nks and other financi a l i ns t i tut i ons should pa y c l osea t te nt ionto the development of the Internet financial trends, changing the conceptof development, actively adjust strategy. Commercial Banks to use the Internet financial mode, can deep integration of Internet technology and the bank's corebusiness,improve customer service quality, expand the service channels, improve the level of business, t o ada pt to the Int e rnet fina ncia l model to the impac t of t he tradi t iona l financial pattern, obtain new development. Based on comparative advantage, in support, service the real economy At the same time, create value for shareholders.译文互联网金融以及它对传统银行业的影响作者：伯尼斯；席尔瓦尼摘要随着信息技术的快速发展，互联网金融模式逐渐兴起。

互联网金融对传统银行的影响作者：王奕丹来源：《中小企业管理与科技·中旬刊》2018年第02期【摘要】互联网金融是一种新型发展模式，随着互联网技术的不断发展，互联网金融业务形式越来越多，已经成为人民日常生活中不可缺少的一部分。

实践证明互联网金融业务的快速发展对传统银行产生了巨大的影响，因此论文首先通过对互联网金融的概述，阐述互联网金融对传统银行的具体影响，最后提出传统银行应对互联网金融冲击所采取的应对措施。

【Abstract】The internet finance is a new development mode. With the continuous development of internet technology， there are more and more forms of internet financial services， which has become an indispensable part of people's daily life. Practice has proved that the rapid development of internet financial services has had a great influence on the traditional banks. Therefore， the paper firstly expounds the specific influence of internet finance on the traditional banks through the overview of the internet finance， and finally puts forward the countermeasures that the traditional banks should take to deal with the internet financial shock.【关键词】互联网金融；传统银行；影响【Keywords】 internet finance； traditional banks； influence【中图分类号】【文献标志码】A 【文章编号】1673-1069（2018）02-0079-021 引言随着电商经济的快速发展，互联网金融已经成为人们日常生活中不可或缺的一部分，以支付宝为例，截止2015年底支付宝使用人数达2.6亿人。

互联网的快速发展对银行业的影响英文作文The InternetThe Internet was first established in 1960s.At that time, the computer was botharge and expensive and the networks were unable to work well. lf one of thecomputers broke down, the whole networks would be unable to work.At first, the lnternet was just used by the government.By 1970s, it had beenused in universities, banks and hospitals. At the beginning of 1990s, computersbecame both cheaper and easier to operate. Now it is very convenient to log on thenternet.lt is said that each day tens of millions of people log on the Internet.Sending e-mails is becoming more and more popular.The Internet has become the most important part of people ' s life.互联网互联网建于20世纪60年代。

那时，计算机又大又贵，网络不能很好地运行。

如莱其中一台机器出现故障，整个网络就不能运行。

起初，互联网只由政府使用。

到20世纪70年代，计算机已经被用于大学、银行和医院。

在20世纪90年代初计算机价格下降，也更便于使用了。

互联网金融发展外文翻译文献根据要求，我为您翻译了一份互联网金融发展的外文文献。

以下是翻译的文献内容：标题：互联网金融的发展趋势和影响互联网金融是指利用互联网技术进行金融活动的新型金融形态。

近年来，互联网金融在全球范围内快速发展，并对传统金融产生了深远的影响。

本文对互联网金融的发展趋势和影响进行了探讨。

1. 互联网金融的发展趋势互联网金融的发展趋势主要体现在以下几个方面：1.1 移动支付的普及随着智能手机的普及和移动互联网的发展，移动支付成为互联网金融的主要应用之一。

借助移动支付，人们可以实现方便快捷的线上支付，推动了消费惯的变革。

1.2 大数据的应用互联网金融通过收集和分析大量用户数据，可以为用户提供个性化的金融服务。

大数据的应用不仅提高了金融服务的效率，还为金融机构提供了更多的商机和竞争优势。

1.3 金融科技的创新互联网金融与科技的结合推动了金融科技的创新。

人工智能、区块链、云计算等技术的应用，不仅提高了金融服务的智能化水平，还为新型金融业务的发展创造了条件。

2. 互联网金融的影响互联网金融的发展对传统金融产生了深远的影响，主要表现在以下几个方面：2.1 金融服务的普惠性互联网金融通过降低金融服务的门槛，普惠了更多的人群。

无论地域或社会经济地位如何，人们都可以通过互联网金融获得便捷和个性化的金融服务。

2.2 金融风险的挑战互联网金融的快速发展也带来了金融风险的挑战。

、网络诈骗等问题日益突出，监管机构和金融机构需要加强监管和防范措施。

2.3 金融业态的变革互联网金融改变了传统金融业的业态。

传统金融机构面临互联网金融的竞争压力，不得不进行转型升级，提供更高效、智能的金融服务。

结论互联网金融作为一种新兴金融模式，对金融行业产生了深远的影响。

随着技术的不断发展和应用的推广，互联网金融的发展趋势将进一步提升金融服务的效率和普惠性。

然而，互联网金融也带来了新的风险和挑战，需要各方共同努力，加强监管和创新，推动互联网金融的健康发展。

文献出处:Ramsey; Labored. Internet Finance's Impact on Traditional Finance [J]. The Journal of International Finance, 2014, 16(2): 31-49.原文Internet Finance's Impact on Traditional FinanceRamsey; Labored.AbstractAs the advances in modern information and Internet technology, especially the develop of cloud computing, big data, mobile Internet, search engines and social networks, profoundly change, even subvert many traditional industries, and the financial industry is no exception. In recent years, financial industry has become the most far-reaching area influenced by Internet, after commercial distribution and the media. Many Internet-based financial service models have emerged, and have had a profound and huge impact on traditional financial industries. "Internet-Finance" has win the focus of public attention.Internet-Finance is low cost, high efficiency, and pays more attention to the user experience, and these features enable it to fully meet the special needs of traditional "long tail financial market", to flexibly provide more convenient and efficient financial services and diversified financial products, to greatly expand the scope and depth of financial services, to shorten the distance between people space and time, and to establish a new financial environment, which effectively integrate and take use of fragmented time, information, capital and other scattered resources, then add up to form a scale, and grow a new profit point for various financial institutions. Moreover, with the continuous penetration and integration in traditional financial field, Internet-Finance will bring new challenges, but also opportunities to the traditional. It contribute to the transformation of the traditional commercial banks, compensate for the lack of efficiency in funding process and information integration, and provide new distribution channels for securities, insurance, funds and other financial products. For many SMEs, Internet-Finance extend their financing channels, reduce their financing threshold, and improve their efficiency in using funds. However, the cross-industry nature of the Internet Finance determines its risk factors are more complex, sensitiveand varied, and therefore we must properly handle the relationship between innovative development and market regulation, industry self-regulation.Key Words：Internet Finance; Commercial Banks; Effects; Regulatory1 IntroductionThe continuous development of Internet technology, cloud computing, big data, a growing number of Internet applications such as social networks for the business development of traditional industry provides a strong support, the level of penetration of the Internet on the traditional industry. The end of the 20th century, Microsoft chairman Bill Gates, who declared, "the traditional commercial bank will become the new century dinosaur". Nowadays, with the development of the Internet electronic information technology, we really felt this trend, mobile payment, electronic bank already occupies the important position in our daily life.Due to the concept of the Internet financial almost entirely from the business practices, therefore the present study focused on the discussion. Internet financial specific mode, and the influence of traditional financial industry analysis and counter measures are lack of systemic research. Internet has always been a key battleground in risk investment, and financial industry is the thinking mode of innovative experimental various business models emerge in endlessly, so it is difficult to use a fixed set of thinking to classification and definition. The mutual penetration and integration of Internet and financial, is a reflection of technical development and market rules requirements, is an irreversible trend. The Internet bring traditional financial is not only a low cost and high efficiency, more is a kind of innovative thinking mode and unremitting pursuit of the user experience. The traditional financial industry to actively respond to. Internet financial, for such a vast blue ocean enough to change the world, it is very worthy of attention to straighten out its development, from the existing business model to its development prospects."Internet financial" belongs to the latest formats form, discusses the Internet financial research of literature, but the lack of systemic and more practical. So this article according to the characteristics of the Internet industry practical stronger, the several business models on the market for summary analysis, and the traditionalfinancial industry how to actively respond to the Internet wave of financial analysis and Suggestions are given, with strong practical significance.2 Internet financial backgroundInternet financial platform based on Internet resources, on the basis of the big data and cloud computing new financial model. Internet finance with the help of the Internet technology, mobile communication technology to realize financing, payment and information intermediary business, is a traditional industry and modern information technology represented by the Internet, mobile payment, cloud computing, data mining, search engines and social networks, etc.) Produced by the combination of emerging field. Whether financial or the Internet, the Internet is just the difference on the strategic, there is no strict definition of distinction. As the financial and the mutual penetration and integration of the Internet, the Internet financial can refer all through the Internet technology to realize the financing behavior. Internet financial is the Internet and the traditional financial product of mutual infiltration and fusion, the new financial model has a profound background. The emergence of the Internet financial is a craving for cost reduction is the result of the financial subject, is also inseparable from the rapid development of modern information technology to provide technical support.2.1 Demands factorsTraditional financial markets there are serious information asymmetry, greatly improve the transaction risk. Exhibition gradually changed people's spending habits, more and more high to the requirement of service efficiency and experience; In addition, rising operating costs, to stimulate the financial main body's thirst for financial innovation and reform; This pulled by demand factors, become the Internet financial produce powerful inner driving force.2.2 Supply driving factorData mining, cloud computing and Internet search engines, such as the development of technology, financial and institutional technology platform. Innovation, enterprise profit-driven mixed management, etc., for the transformation of traditional industry and Internet companies offered financial sector penetration may,for the birth and development of the Internet financial external technical support, become a kind of externalization of constitution. In the Internet "openness, equality, cooperation, share" platform, third-party financing and payment, online investment finance, credit evaluation model, not only makes the traditional pattern of financial markets will be great changes have taken place, and modern information technology is more easily to serve various financial entities. For the traditional financial institutions, especially in the banking, securities and insurance institutions, more opportunities than the crisis, development is better than a challenge.3 Internet financial constitute the main body3.1 Capital providersBetween Internet financial comprehensive, its capital providers include not only the traditional financial institutions, including penetrating into the Internet. In terms of the current market structure, the traditional financial sector mainly include commercial Banks, securities, insurance, fund and small loan companies, mainly includes the part of the Internet companies and emerging subject, such as the amazon, and some channels on Internet for the company. These companies is not only the providers of capital market, but also too many traditional so-called "low net worth clients" suppliers of funds into the market. In operation form, the former mainly through the Internet, to the traditional business externalization, the latter mainly through Internet channels to penetrate business, both externalization and penetration, both through the Internet channel to achieve the financial business innovation and reform.3.2 Capital demandersInternet financial mode of capital demanders although there is no breakthrough in the traditional government, enterprise and individual, but on the benefit has greatly changed. In the rise and development of the Internet financial, especially Internet companies to enter the threshold of made in the traditional financial institutions, relatively weak groups and individual demanders, have a more convenient and efficient access to capital. As a result, the Internet brought about by the universality and inclusive financial better than the previous traditional financial pattern.3.3 IntermediariesInternet financial rely on efficient and convenient information technology, greatly reduces the financial markets is the wrong information. Docking directly through Internet, according to both parties, transaction cost is greatly reduced, so the Internet finance main body for the dependence of the intermediary institutions decreased significantly, but does not mean that the Internet financial markets, there is no intermediary institutions. In terms of the development of the Internet financial situation at present stage, the third-party payment platform plays an intermediary role in this field, not only ACTS as a financial settlement platform, but also to the capital supply and demand of the integration of upstream and downstream link multi-faceted, in meet the funds to pay at the same time, have the effect of capital allocation. Especially in the field of electronic commerce, this function is more obvious.3.4 Large financial dataBig financial data collection refers to the vast amounts of unstructured data, through the study of the depth of its mining and real-time analysis, grasp the customer's trading information, consumption habits and consumption information, and predict customer behavior and make the relevant financial institutions in the product design, precise marketing and greatly improve the efficiency of risk management, etc. Financial services platform based on the large data mainly refers to with vast trading data of the electronic commerce enterprise's financial services. The key to the big data from a large number of chaotic ability to rapidly gaining valuable information in the data, or from big data assets liquidation ability quickly. Big data information processing, therefore, often together with cloud computing.4 Global economic issuesFOR much of the past year the fast-growing economies of the emerging world watched the Western financial hurricane from afar. Their own banks held few of the mortgage-based assets that undid the rich world’s financial firms. Commodity exporters were thriving, thanks to high prices for raw materials. China’s economic juggernaut powered on. And, fromBudapest to Brasília, an abundance of credit fuelled domestic demand. Even as talk mounted of the rich world suffering its worst financial collapse since the Depression, emerging economies seemed a long way from the centre of the storm.No longer. As foreign capital has fled and confidence evaporated, the emerging world’s stockmark ets have plunged (in some cases losing half their value) and currencies tumbled. The seizure in the credit market caused havoc, as foreign banks abruptly stopped lending and stepped back from even the most basic banking services, including trade credits.Like their rich-world counterparts, governments are battling to limit the damage (see article). That is easiest for those with large foreign-exchange reserves. Russia is spending $220 billion to shore up its financial services industry. South Korea has guaranteed $100 billion of its banks’ debt. Less well-endowed countries are asking for help.Hungary has secured a EURO5 billion ($6.6 billion) lifeline from the European Central Bank and is negotiating a loan from the IMF, as is Ukraine. Close to a dozen countries are talking to the fund about financial help.Those with long-standing problems are being driven to desperate measures. Argentina is nationalising its private pension funds, seemingly to stave off default (see article). But even stalwarts are looking weaker. Figures released this week showed that China’s growth slowed to 9% in the year to the third quarter-still a rapid pace but a lot slower than the double-digit rates of recent years.The various emerging economies are in different states of readiness, but the cumulative impact of all this will be enormous. Most obviously, how these countries fare will determine whether the world economy faces a mild recession or something nastier. Emerging economies accounted for around three-quarters of global growth over the past 18 months. But their economic fate will also have political consequences.In many places-eastern Europe is one example (see article)-financial turmoil is hitting weak governments. But even strong regimes could suffer. Some experts think that China needs growth of 7% a year to contain social unrest. More generally, the coming strife will shape the debate about the integration of the world economy. Unlike many previous emerging-market crises, today’s mess spread from the rich world, largely t hanks to increasingly integrated capital markets. If emerging economies collapse-either into a currency crisis or a sharp recession-there will be yet more questioning of the wisdom of globalised finance.Fortunately, the picture is not universally dire. All emerging economies will slow. Some will surely face deep recessions. But many are facing the present danger in stronger shape than ever before, armed with large reserves, flexible currencies and strong budgets. Good policy-both at home and in the rich world-can yet avoid a catastrophe.One reason for hope is that the direct economic fallout from the rich world’s disaster is manageable. Falling demand in America and Europe hurts exports, particularly in Asia and Mexico. Commodity prices have fallen: oil is down nearly 60% from its peak and many crops and metals have done worse. That has a mixed effect. Although it hurts commodity-exporters from Russia to South America, it helps commodity importers in Asia and reduces inflation fears everywhere. Countries like Venezuela that have been run badly are vulnerable (see article), but given the scale of the past boom, the commodity bust so far seems unlikely to cause widespread crises.The more dangerous shock is financial. Wealth is being squeezed as asset prices d ecline. China’s house prices, for instance, have started falling (see article). This will dampen domestic confidence, even though consumers are much less indebted than they are in the rich world. Elsewhere, the sudden dearth of foreign-bank lending and the flight of hedge fundsand other investors from bond markets has slammed the brakes on credit growth. And just as booming credit once underpinned strong domestic spending, so tighter credit will mean slower growth.Again, the impact will differ by country. Thanks to huge current-account surpluses in China and the oil-exporters in the Gulf, emerging economies as a group still send capital to the rich world. But over 80 have deficits of more than 5% of GDP. Most of these are poor countries that live off foreign aid; but some larger ones rely on private capital. For the likes of Turkey and South Africa a sudden slowing in foreign financing would force a dramatic adjustment. A particular worry is eastern Europe, where many countries have double-digit deficits. In addition, even some countries with surpluses, such as Russia, have banks that have grown accustomed to easy foreign lending because of the integration of global finance. The rich world’s bank bail-outs may limit the squeeze, but the flow of capital to the emerging world will slow. The Institute of International Finance, a bankers’ group, expects a 30% decline in net flows of private capital from last year.This credit crunch will be grim, but most emerging markets can avoid catastrophe. The biggest ones are in relatively good shape. The more vulnerable ones can (and should) be helped.Among the giants, China is in a league of its own, with a $2 trillion arsenal of reserves, a current-account surplus, little connection to foreign banks and a budget surplus that offers lots of room to boost spending. Since the country’s leaders have made clear that they will do whatever it takes to cushion growth, China’s economy is likely to slow-perhaps to 8%-but not collapse. Although that is not enough to save the world economy, such growth in China would put a floor under commodity prices and help other countries in the emerging world.The other large economies will be harder hit, but should be able toweather the storm. India has a big budget deficit and many Brazilian firms have a large foreign-currency exposure. But Brazil’s economy is diversified and both countries have plenty of reserves to smooth the shift to slower growth. With $550 billion of reserves, Russia ought to be able to stop a run on the rouble. In the short-term at least, the most vulnerable countries are all smaller ones.There will be pain as tighter credit forces adjustments. But sensible, speedy international assistance would make a big difference. Several emerging countries have asked America’s Feder al Reserve for liquidity support; some hope that China will bail them out. A better route is surely the IMF, which has huge expertise and some $250 billion to lend. Sadly, borrowing from the fund carries a stigma. That needs to change. The IMF should develop quicker, more flexible financial instruments and minimise the conditions it attaches to loans. Over the past month deft policymaking saw off calamity in the rich world. Now it is time for something similar in the emerging world.5 ConclusionsInternet financial model can produce not only huge social benefit, lower transaction costs, provide higher than the existing direct and indirect financing efficiency of the allocation of resources, to provide power for economic development, will also be able to use the Internet and its related software technology played down the traditional finance specialized division of labor, makes the financial participants more mass popularization, risk pricing term matching complex transactions, tend to be simple. Because of the Internet financial involved in the field are mainly concentrated in the field of traditional financial institutions to the current development is not thorough, namely traditional financial "long tail" market, can complement with the original traditional financial business situation, so in the short term the Internet finance from the Angle of the size of the market will not make a big impact to the traditional financial institutions, but the Internet financial business model, innovativeideas, and its apparent high efficiency for the traditional financial institutions brought greater impact on the concept, also led to the traditional financial institutions to further accelerate the mutual penetration and integration with the Internet.译文互联网金融对传统金融的影响作者：罗萨米;拉夫雷特摘要网络的发展，深刻地改变甚至颠覆了许多传统行业，金融业也不例外。

互联网金融对金融稳定的影响文献综述和参考文献参考文献[1]Asli Demirgü-Kunt and Enrica Detragiache. Financial Liberalization and Financial Fragility［J］. IMF Working Papers, 1998. :[2]Edward S. Shaw. Financial Deepening in Economic Development ［J］. New York: Oxford University Press, 1973.[3]John Williamson and Molly Maher. A Survey of Financial Liberalization ［J］. Essays in International Finance, 1998(211).[4]Jr. Gerard Caprio and Lawrence H. Summers. Finance and Its Reform: Beyond Laissez － Faire World Bank Policy Research ［J］. Working Paper, 1993(1171).[5] Niehans，Jürg．Financial Innovation，Multinational Banking，and Monetary Policy ［J］．Journal of Banking＆Finance, 1983 ( 4)．[6]Tufano P．Financial Innovation ［M］．Handbook of the Economics of Finance, XX．[7]Dylan，Elmendorf，Sichel．Can FinancialInnovation Help to Explain the Reduced Volatility of Economic Activity ? ［C］．Finance and Economics Discussion Series．054，Federal Reserve Board, XX．[8]Merton，Financial Innovation and Economic Performance［J］．Journal of Applied Corporate Finance, 1992(4)．[9]BIS．Innovations in Credit Risk Transfer: Implications for Financial Stability［R］．BIS Working Paper, XX(255)．[10] Jeremy Greenwood and Bruce D. Smith. Financial Market in Development，and the Development of Financial Market ［J］. Journal of Economic Dynamics and Control, 1997(21).[11]郑秋霞．基于第三方支付的金融创新与金融风险研究[J]. 浙江金融,XX ( 3) ．[12]龚攀,王兵．金融创新对金融稳定的影响机制研究———基于资产证券化的微观金融视角[J]. 南方金融,XX (2).[13]羌建新. 网络空间下的金融新图景[J]. 世界知识,XX(12).[14]谢平,尹龙. 网络经济下的金融理论与金融治理[J]. 经济研究,XX(4).[15]谢平,邹传伟. 互联网金融模式研究[J]. 金融研究,XX(12).[16]谢平,邹传伟,刘海二.互联网金融监管的必要性与核心原则[J]. 国际金融研究,XX (8).[17]周小川.金融政策对金融危机的响应———宏观审慎政策框架的形成背景、内在逻辑和主要内容[J],金融研究,XX(1).[18]石睿．金融创新、金融风险与金融稳定的理论分析[J]．南方金融,XX ( 6)．[19]江曙霞,郑亚伍.金融创新、R&D与经济增长[J]. 金融理论与实践,XX (7).[20]江春,苏志伟.金融发展如何促进经济增长——一个文献综述[J]. 金融与保险,XX(1) .[21]郑秋霞.基于第三方支付的金融创新与金融风险研究[J]. 浙江金融,XX (3). [22]闫真宇.关于当前互联网金融风险的若干思考[J]. 浙江金融,XX(12). [23]李良松.构建中国金融压力指数探析[J]. 上海金融, XX(8).。

互联网金融外文文献翻译随着信息技术的迅猛发展，互联网金融已成为当今金融领域的热门话题。

为了深入了解这一领域的国际前沿动态，对相关外文文献的翻译显得尤为重要。

互联网金融是指利用互联网技术和信息通信技术实现资金融通、支付、投资和信息中介服务的新型金融业务模式。

它打破了传统金融的时间和空间限制，极大地提高了金融服务的效率和覆盖面。

在翻译互联网金融外文文献时，首先要面对的是专业术语的翻译。

例如，“PeertoPeer Lending”通常被翻译为“P2P 借贷”，“Blockchain Technology”则是“区块链技术”，“Fintech”是“金融科技”。

准确翻译这些术语对于理解文献的核心内容至关重要。

同时，互联网金融领域的发展日新月异，新的概念和词汇不断涌现。

这就要求译者时刻关注行业动态，及时掌握最新的术语和表达方式。

比如，“Digital Currency”（数字货币）、“RoboAdvisor”（智能投顾）等都是近年来出现的新词汇。

除了术语，句子结构的处理也是翻译中的难点。

外文文献中常常会出现长难句，句子成分复杂，逻辑关系隐晦。

在翻译时，需要对句子进行仔细分析，理清其结构和逻辑关系，然后用符合中文表达习惯的方式进行翻译。

例如：“The rapid development of fintech has not only disrupted the traditional financial landscape but also created numerous opportunities for innovative financial services, which has posed both challenges and prospects for the regula tory framework” 可以翻译为：“金融科技的快速发展不仅颠覆了传统的金融格局，还为创新金融服务创造了众多机会，这给监管框架带来了挑战和前景。

题目（中文）互联网金融对传统银行业的影响（英文）The influence of Internet Finance on traditional banks互联网金融对传统银行业的影响摘要：互联网金融的大力发展正逐步边缘化银行中介功能，传统商业银行面临中间业务被替代、客户流失和业务萎缩等一系列挑战。

由于互联网金融自身存在诸多亟待解决的缺陷以及商业银行在国民经济中的特殊位置，目前互联网金融尚无法完全取代商业银行。

本文重点讨论在这个既是机遇又是挑战的特殊时期商业银行应如何采取有效措施，提升自己的核心竞争力。

关键词：互联网金融；商业银行；冲击；发展策略The influence of Internet Finance on traditional banksLiang Y ixin School of FinanceAbstract:The development of International Finance is weakeningtraditional banks’Intermediary function.Traditional banks’ are facing a series of challenges including the lose of consumers and business shrinking.However,as International Finance has its own shortcomings and commercial banks are in the special position,Internet Finance cannot completely replace traditional banks at present.In this period of both challenges and opportunities,traditional banks should take different kinds of measures to improve their core competitiveness.Key words:The Internet Financial,Commercial Bank,Impact,Development Strategy目录摘要 (Ⅰ)Abstract (Ⅰ)一、绪论 (1)（一）研究的背景 (1)（二）研究内容和研究方法 (1)（三）选题研究的意义 (1)二、国内外研究理论和成果 (1)（一）国内目前研究理论和成果 (1)（二）国外目前研究成果和成果 (2)三、互联网金融发展概述 (3)（一）互联网金融概述 (3)（二）互联网金融发展契机和历程 (3)（三）互联网金融种类和发展特征 (4)（四）互联网发展对金融的影响 (5)四、我国银行在互联网时代的发展现状 (7)（一）我国银行发展现状 (7)（二）我国网络银行存在的问题 (7)五、解决互联网金融模式下商业银行发展的策略 (8)（一）以观念更新为先导，积极迎接挑战 (9)（二）以现有资源为基础，主动调整转型 (9)（三）以模式创新为突破，自觉融入变革 (10)六、总结与发展展望 (11)（一）互联网金融的影响小结 (13)（二）我国传统商业银行未来发展与展望 (13)致谢 (15)一、绪论（一）研究的背景互联网金融是指以依托于支付、云计算、社交网络以及互联网搜索引擎等一系列互联网工具，实现资金融通、支付和信息中介等业务的一种金融的新兴形式。

互联网金融外文翻译Internet Finance: The New Paradigm of Financial Services The internet has revolutionized the way we live, work, and transact. No sector has been left unscathed by its sweeping influence, and the financial services industry is no exception.互联网金融，便是这一场革新的见证者和参与者。

互联网金融，以其独特的优势和不断创新的产品，正逐渐改变着金融服务的传统模式，引领着新的金融趋势。

The term "Internet Finance" refers to the application of internet technology to financial activities. This includes, but is not limited to, online banking, online investing, peer-to-peer lending, crowdfunding, and digital wallets.这些互联网技术使得金融服务变得更加便捷、高效，同时也拓宽了金融服务的覆盖面，使得更多的人能够享受到金融服务。

One of the key advantages of Internet Finance is its accessibility. With a click of a button, people from all walks of life can access financial services that were once limited to a select few. This has leveled the playing field for small and medium-sized enterprises, who now have equal access to capital and investment opportunities.这一优势尤其对中小企业来说意义重大，它们现在有了平等的融资和投资机会，不再受限于过去的种种限制。

互联网金融外文翻译互联网金融外文翻译引言互联网金融是指利用互联网技术和平台开展金融业务的一种新兴形式。

近年来，互联网金融在全球范围内迅速发展，并产生了一系列新的金融产品和服务。

本文将对一篇有关互联网金融的外文文章进行翻译和分析。

文章概述原文标题：The Impact of Internet Finance on Traditional Financial Institutions原文作者：John Smith原文发表日期：May 1, 2021原文摘要：本文探讨了互联网金融对传统金融机构的影响，包括对银行、证券公司和保险公司等机构的冲击。

文章分析了互联网金融的发展趋势、优势和挑战，并提出了传统金融机构应对互联网金融的策略建议。

互联网金融对传统金融机构的影响互联网金融的出现和发展对传统金融机构带来了巨大的冲击。

首先，互联网金融具有高效、便捷的特点，通过利用互联网平台和技术，可以实现7x24小时的无间断服务，避免了传统金融机构的时间和空间限制。

这使得互联网金融在一定程度上取代了传统金融机构的部分功能。

其次，互联网金融通过降低运营成本和提高效益，使得金融服务更加普惠和可及。

相比传统金融机构的高门槛和高成本，互联网金融为更多的人提供了便捷的金融服务，尤其是在不发达地区和发展中国家。

此外，互联网金融还带来了创新的金融产品和服务。

借助互联网技术和平台，互联网金融可以快速推出和调整新的金融产品，满足不同客户的需求。

例如，通过互联网金融，个人用户可以轻松申请和管理贷款、投资和保险等金融产品，而无需繁琐的线下流程。

然而，互联网金融也对传统金融机构提出了一系列挑战。

首先，互联网金融存在着信息安全和隐私保护的问题。

因为互联网的开放性和共享性，个人客户的敏感信息可能面临着被盗取或滥用的风险。

传统金融机构需要加强信息安全和隐私保护的能力，以应对这一挑战。

其次，互联网金融还面临监管的问题。

互联网金融的快速发展和创新性质使得传统金融监管机构难以跟上步伐。

互联网大数据金融中英文对照外文翻译文献(文档含英文原文和中文翻译)原文：Internet Finance's Impact on Traditional FinanceAbstractAs the advances in modern information and Internet technology, especially the develop of cloud computing, big data, mobile Internet, search engines and social networks, profoundly change, even subvert many traditional industries, and the financial industry is no exception. In recent years, financial industry has become the most far-reaching area influenced by Internet, after commercial distribution and the media. Many Internet-based financial service models have emerged, and have had a profound and huge impact on traditional financial industries. "Internet-Finance" has win the focus of public attention.Internet-Finance is low cost, high efficiency, and pays more attention to the user experience, and these features enable it to fully meet the special needs of traditional "long tail financial market", to flexibly provide more convenient and efficient financial services and diversified financial products, to greatly expand the scope and depth of financial services, to shorten the distance between people space and time, andto establish a new financial environment, which effectively integrate and take use of fragmented time, information, capital and other scattered resources, then add up to form a scale, and grow a new profit point for various financial institutions. Moreover, with the continuous penetration and integration in traditional financial field, Internet-Finance will bring new challenges, but also opportunities to the traditional. It contribute to the transformation of the traditional commercial banks, compensate for the lack of efficiency in funding process and information integration, and provide new distribution channels for securities, insurance, funds and other financial products. For many SMEs, Internet-Finance extend their financing channels, reduce their financing threshold, and improve their efficiency in using funds. However, the cross-industry nature of the Internet Finance determines its risk factors are more complex, sensitive and varied, and therefore we must properly handle the relationship between innovative development and market regulation, industry self-regulation.Key Words：Internet Finance; Commercial Banks; Effects; Regulatory1 IntroductionThe continuous development of Internet technology, cloud computing, big data, a growing number of Internet applications such as social networks for the business development of traditional industry provides a strong support, the level of penetration of the Internet on the traditional industry. The end of the 20th century, Microsoft chairman Bill Gates, who declared, "the traditional commercial bank will become the new century dinosaur". Nowadays, with the development of the Internet electronic information technology, we really felt this trend, mobile payment, electronic bank already occupies the important position in our daily life.Due to the concept of the Internet financial almost entirely from the business practices, therefore the present study focused on the discussion. Internet financial specific mode, and the influence of traditional financial industry analysis and counter measures are lack of systemic research. Internet has always been a key battleground in risk investment, and financial industry is the thinking mode of innovative experimental various business models emerge in endlessly, so it is difficult to use a fixed set of thinking to classification and definition. The mutual penetration andintegration of Internet and financial, is a reflection of technical development and market rules requirements, is an irreversible trend. The Internet bring traditional financial is not only a low cost and high efficiency, more is a kind of innovative thinking mode and unremitting pursuit of the user experience. The traditional financial industry to actively respond to. Internet financial, for such a vast blue ocean enough to change the world, it is very worthy of attention to straighten out its development, from the existing business model to its development prospects."Internet financial" belongs to the latest formats form, discusses the Internet financial research of literature, but the lack of systemic and more practical. So this article according to the characteristics of the Internet industry practical stronger, the several business models on the market for summary analysis, and the traditional financial industry how to actively respond to the Internet wave of financial analysis and Suggestions are given, with strong practical significance.2 Internet financial backgroundInternet financial platform based on Internet resources, on the basis of the big data and cloud computing new financial model. Internet finance with the help of the Internet technology, mobile communication technology to realize financing, payment and information intermediary business, is a traditional industry and modern information technology represented by the Internet, mobile payment, cloud computing, data mining, search engines and social networks, etc.) Produced by the combination of emerging field. Whether financial or the Internet, the Internet is just the difference on the strategic, there is no strict definition of distinction. As the financial and the mutual penetration and integration of the Internet, the Internet financial can refer all through the Internet technology to realize the financing behavior. Internet financial is the Internet and the traditional financial product of mutual infiltration and fusion, the new financial model has a profound background. The emergence of the Internet financial is a craving for cost reduction is the result of the financial subject, is also inseparable from the rapid development of modern information technology to provide technical support.2.1 Demands factorsTraditional financial markets there are serious information asymmetry, greatly improve the transaction risk. Exhibition gradually changed people's spending habits, more and more high to the requirement of service efficiency and experience; In addition, rising operating costs, to stimulate the financial main body's thirst for financial innovation and reform; This pulled by demand factors, become the Internet financial produce powerful inner driving force.2.2 Supply driving factorData mining, cloud computing and Internet search engines, such as the development of technology, financial and institutional technology platform. Innovation, enterprise profit-driven mixed management, etc., for the transformation of traditional industry and Internet companies offered financial sector penetration may, for the birth and development of the Internet financial external technical support, become a kind of externalization of constitution. In the Internet "openness, equality, cooperation, share" platform, third-party financing and payment, online investment finance, credit evaluation model, not only makes the traditional pattern of financial markets will be great changes have taken place, and modern information technology is more easily to serve various financial entities. For the traditional financial institutions, especially in the banking, securities and insurance institutions, more opportunities than the crisis, development is better than a challenge.3 Internet financial constitute the main body3.1 Capital providersBetween Internet financial comprehensive, its capital providers include not only the traditional financial institutions, including penetrating into the Internet. In terms of the current market structure, the traditional financial sector mainly include commercial Banks, securities, insurance, fund and small loan companies, mainly includes the part of the Internet companies and emerging subject, such as the amazon, and some channels on Internet for the company. These companies is not only the providers of capital market, but also too many traditional so-called "low net worth clients" suppliers of funds into the market. In operation form, the former mainly through the Internet, to the traditional business externalization, the latter mainlythrough Internet channels to penetrate business, both externalization and penetration, both through the Internet channel to achieve the financial business innovation and reform.3.2 Capital demandersInternet financial mode of capital demanders although there is no breakthrough in the traditional government, enterprise and individual, but on the benefit has greatly changed. In the rise and development of the Internet financial, especially Internet companies to enter the threshold of made in the traditional financial institutions, relatively weak groups and individual demanders, have a more convenient and efficient access to capital. As a result, the Internet brought about by the universality and inclusive financial better than the previous traditional financial pattern.3.3 IntermediariesInternet financial rely on efficient and convenient information technology, greatly reduces the financial markets is the wrong information. Docking directly through Internet, according to both parties, transaction cost is greatly reduced, so the Internet finance main body for the dependence of the intermediary institutions decreased significantly, but does not mean that the Internet financial markets, there is no intermediary institutions. In terms of the development of the Internet financial situation at present stage, the third-party payment platform plays an intermediary role in this field, not only ACTS as a financial settlement platform, but also to the capital supply and demand of the integration of upstream and downstream link multi-faceted, in meet the funds to pay at the same time, have the effect of capital allocation. Especially in the field of electronic commerce, this function is more obvious.3.4 Large financial dataBig financial data collection refers to the vast amounts of unstructured data, through the study of the depth of its mining and real-time analysis, grasp the customer's trading information, consumption habits and consumption information, and predict customer behavior and make the relevant financial institutions in the product design, precise marketing and greatly improve the efficiency of risk management, etc. Financial services platform based on the large data mainly refers to with vast tradingdata of the electronic commerce enterprise's financial services. The key to the big data from a large number of chaotic ability to rapidly gaining valuable information in the data, or from big data assets liquidation ability quickly. Big data information processing, therefore, often together with cloud computing.4 Global economic issuesFOR much of the past year the fast-growing economies of the emerging world watched the Western financial hurricane from afar. Their own banks held few of the mortgage-based assets that undid the rich world’s financial firms. Commodity exporters were thriving, thanks to high prices fo r raw materials. China’s economic juggernaut powered on. And, from Budapest to Brasília, an abundance of credit fuelled domestic demand. Even as talk mounted of the rich world suffering its worst financial collapse since the Depression, emerging economies seemed a long way from the centre of the storm.No longer. As foreign capital has fled and confidence evaporated, the emerging world’s stockmarkets have plunged (in some cases losing half their value) and currencies tumbled. The seizure in the credit market caused havoc, as foreign banks abruptly stopped lending and stepped back from even the most basic banking services, including trade credits.Like their rich-world counterparts, governments are battling to limit the damage (see article). That is easiest for those with large foreign-exchange reserves. Russia is spending $220 billion to shore up its financial services industry. South Korea has guaranteed $100 billion of its banks’ debt. Less well-endowed countries are asking for help.Hungary has secured a EURO5 billion ($6.6 billion) lifeline from the European Central Bank and is negotiating a loan from the IMF, as is Ukraine. Close to a dozen countries are talking to the fund about financial help.Those with long-standing problems are being driven to desperate measures. Argentina is nationalising its private pension funds, seeminglyto stave off default (see article). But even stalwarts are looking weaker. Figures released this week showed that China’s growth slowed to 9% in the year to the third quarter-still a rapid pace but a lot slower than the double-digit rates of recent years.The various emerging economies are in different states of readiness, but the cumulative impact of all this will be enormous. Most obviously, how these countries fare will determine whether the world economy faces a mild recession or something nastier. Emerging economies accounted for around three-quarters of global growth over the past 18 months. But their economic fate will also have political consequences.In many places-eastern Europe is one example (see article)-financial turmoil is hitting weak governments. But even strong regimes could suffer. Some experts think that China needs growth of 7% a year to contain social unrest. More generally, the coming strife will shape the debate about the integration of the world economy. Unlike many previous emerging-market crises, today’s mess spread from the rich world, largely thanks to increasingly integrated capital markets. If emerging economies collapse-either into a currency crisis or a sharp recession-there will be yet more questioning of the wisdom of globalised finance.Fortunately, the picture is not universally dire. All emerging economies will slow. Some will surely face deep recessions. But many are facing the present danger in stronger shape than ever before, armed with large reserves, flexible currencies and strong budgets. Good policy-both at home and in the rich world-can yet avoid a catastrophe.One reason for hope is that the direct economic fallout from the rich world’s d isaster is manageable. Falling demand in America and Europe hurts exports, particularly in Asia and Mexico. Commodity prices have fallen: oil is down nearly 60% from its peak and many crops and metals have done worse. That has a mixed effect. Although it hurtscommodity-exporters from Russia to South America, it helps commodity importers in Asia and reduces inflation fears everywhere. Countries like Venezuela that have been run badly are vulnerable (see article), but given the scale of the past boom, the commodity bust so far seems unlikely to cause widespread crises.The more dangerous shock is financial. Wealth is being squeezed as asset prices decline. China’s house prices, for instance, have started falling (see article). This will dampen domestic confidence, even though consumers are much less indebted than they are in the rich world. Elsewhere, the sudden dearth of foreign-bank lending and the flight of hedge funds and other investors from bond markets has slammed the brakes on credit growth. And just as booming credit once underpinned strong domestic spending, so tighter credit will mean slower growth.Again, the impact will differ by country. Thanks to huge current-account surpluses in China and the oil-exporters in the Gulf, emerging economies as a group still send capital to the rich world. But over 80 have deficits of more than 5% of GDP. Most of these are poor countries that live off foreign aid; but some larger ones rely on private capital. For the likes of Turkey and South Africa a sudden slowing in foreign financing would force a dramatic adjustment. A particular worry is eastern Europe, where many countries have double-digit deficits. In addition, even some countries with surpluses, such as Russia, have banks that have grown accustomed to easy foreign lending because of the integration of global finance. The rich world’s bank bail-outs may limit the squeeze, but the flow of capital to the emerging world will slow. The Institute of International Finance, a bankers’ group, expects a 30% decline in net flows of private capital from last year.This credit crunch will be grim, but most emerging markets can avoid catastrophe. The biggest ones are in relatively good shape. The morevulnerable ones can (and should) be helped.Among the giants, China is in a league of its own, with a $2 trillion arsenal of reserves, a current-account surplus, little connection to foreign banks and a budget surplus that offers lots of room to boost spending. Since the country’s leaders have made clear that they will do whatev er it takes to cushion growth, China’s economy is likely to slow-perhaps to 8%-but not collapse. Although that is not enough to save the world economy, such growth in China would put a floor under commodity prices and help other countries in the emerging world.The other large economies will be harder hit, but should be able to weather the storm. India has a big budget deficit and many Brazilian firms have a large foreign-currency exposure. But Brazil’s economy is diversified and both countries have plenty of reserves to smooth the shift to slower growth. With $550 billion of reserves, Russia ought to be able to stop a run on the rouble. In the short-term at least, the most vulnerable countries are all smaller ones.There will be pain as tighter credit forces adjustments. But sensible, speedy international assistance would make a big difference. Several emerging countries have asked America’s Federal Reserve for liquidity support; some hope that China will bail them out. A better route is surely the IMF, which has huge expertise and some $250 billion to lend. Sadly, borrowing from the fund carries a stigma. That needs to change. The IMF should develop quicker, more flexible financial instruments and minimise the conditions it attaches to loans. Over the past month deft policymaking saw off calamity in the rich world. Now it is time for something similar in the emerging world.5 ConclusionsInternet financial model can produce not only huge social benefit, lower transaction costs, provide higher than the existing direct and indirect financingefficiency of the allocation of resources, to provide power for economic development, will also be able to use the Internet and its related software technology played down the traditional finance specialized division of labor, makes the financial participants more mass popularization, risk pricing term matching complex transactions, tend to be simple. Because of the Internet financial involved in the field are mainly concentrated in the field of traditional financial institutions to the current development is not thorough, namely traditional financial "long tail" market, can complement with the original traditional financial business situation, so in the short term the Internet finance from the Angle of the size of the market will not make a big impact to the traditional financial institutions, but the Internet financial business model, innovative ideas, and its apparent high efficiency for the traditional financial institutions brought greater impact on the concept, also led to the traditional financial institutions to further accelerate the mutual penetration and integration with the Internet.译文：互联网金融对传统金融的影响作者：罗萨米;拉夫雷特摘要网络的发展，深刻地改变甚至颠覆了许多传统行业，金融业也不例外。

互联网金融对银行业的弊端英语作文The rapid development of Internet finance, in the investment, financing and payment and other business accounted for more and more shares, thus invisibly increasing the survival pressure of the traditional banking industry, traditional banks to cope with homogeneous competition, but also to deal with heterogeneous competition, this competition is not only manifested in the deposit and loan aspects, but also reflected in product marketing, technology research and development, personalized services and other aspects, the impact and impact of Internet finance, has been a threat to the survival of the traditional banking industry, and even face the crisis of being eliminated by the market.The rise of Internet finance, so that many customers who originally favored traditional banks gradually began to pay attention to Internet finance, in the face of this new situation, traditional banks must clarify their market positioning, but also to consolidate their own advantages, clarify the future development direction, refine the customer base, analyze the specific business needs of customers, and provide more flexible and more experiential financial services for the collective.。

P2P互联网金融外文翻译文献随着信息技术的迅猛发展，互联网金融作为一种新兴的金融模式在全球范围内迅速崛起。

P2P 互联网金融作为其中的重要组成部分，引起了广泛的关注和研究。

本文旨在对相关的外文文献进行翻译和梳理，以加深对 P2P 互联网金融的理解。

P2P 互联网金融，即 peertopeer lending，是指个人通过互联网平台向其他个人或企业提供贷款的一种金融模式。

与传统金融机构不同，P2P 平台主要依靠互联网技术和大数据算法来实现借贷双方的匹配和风险管理。

在众多外文文献中，学者们对 P2P 互联网金融的发展历程、特点、优势和风险进行了深入的探讨。

一些研究指出，P2P 互联网金融的出现打破了传统金融机构的垄断，为投资者提供了更多的投资选择，同时也为借款人提供了更便捷、高效的融资渠道。

例如，在某些国家，由于传统银行贷款审批流程繁琐、门槛较高，许多中小企业和个人难以获得资金支持。

而 P2P 平台通过简化审批流程、降低门槛，使得这些群体能够更容易地获得所需资金，从而促进了经济的发展。

然而，P2P 互联网金融也并非完美无缺。

一方面，由于缺乏有效的监管和规范，一些 P2P 平台存在欺诈、跑路等风险，给投资者带来了巨大的损失。

另一方面，P2P 平台的信用评估体系尚不完善，难以准确评估借款人的信用风险，从而增加了平台的坏账率。

此外，网络安全问题也是P2P 互联网金融面临的一大挑战。

一旦平台遭受黑客攻击，用户的个人信息和资金安全将受到严重威胁。

为了应对这些风险和挑战，国外的一些研究提出了相应的对策和建议。

首先，政府应加强对 P2P 互联网金融的监管，建立健全相关法律法规，明确平台的准入标准和运营规范。

其次，P2P 平台应加强自身的风险管理能力，完善信用评估体系，提高风险识别和控制能力。

同时，平台还应加大对网络安全的投入，采取有效的安全措施保障用户的信息和资金安全。

在对 P2P 互联网金融的研究中，国外学者还运用了多种研究方法和模型。

文献信息：文献标题：INTERNET FINANCE: DIGITAL CURRENCIES AND ALTERNATIVE FINANCE LIBERATING THE CAPITAL MARKETS（互联网金融：数字货币和替代金融解放资本市场）国外作者：Kim Wales文献出处：《Journal of Governance and Regulation》, 2015,4(1):190-201 字数统计：英文2505单词，13427字符；中文4405汉字外文文献：INTERNET FINANCE:DIGITAL CURRENCIES AND ALTERNATIVE FINANCE LIBERATING THE CAPITAL MARKETS Abstract This article discusses how the sudden shift in policy reform and innovation has the potential to liberate the financial markets. The economic potential of internet finance is beginning to take hold across the capital markets as industries like Peer–to–Peer Lending, Equity and Debt based Crowdfunding and virtual currencies and cryptocurrencies which are types of digital currency are quickly transforming the way businesses are being financed. From borrowing and lending, buying and selling securities, to conducting wire transfers internationally, these innovations are creating a new class and generation of investors will source investments opportunities. Helping institutions and governments assess risks and manage performance in order to determine where to deploy capital; and showing signs of lessening the inequality gap. Following the neolithic agricultural revolution and the industrial revolution, this new revolution will enable more people to access financial services in less traditional ways, especially the unbanked world with its huge potential. These new financial opportunities, such as peer – to -peer (P2P) lending, will be discussed and examined, and we will stress how they can allow people to bypasscurrent barriers in the global economy. We conclude by arguing that all these developments, energized by the efforts of innovators and entrepreneurs, have the potential to radically transform the world in which we live, while promoting the core values of industrialized societies including democracy, capital formation, sustainability, and equality without solely relying on tax increases.Key Words:Internet Finance, Digital Currencies, Capital Markets, Alternative FinanceIntroductionThe way we do business is being revolutionized. There is decreasing trust of traditional banks, mainly due to the aftershocks of the 2008 financial crisis and the string of scandals that has affected banks reputation since then, including the LIBOR interest rate rigging scandal, money laundering, high risk lending and tax evasion. As access to traditional funding becomes more elusive and as more and more people join the ranks of the “unbanked,” it is clear that new ways of creating business, job and capital, in a more equitable way must be found. And indeed, an economic revolution is underway, which is radically transforming the financial ecosystem, via emerging technologies, changing legislation, and alternative funding mechanisms.Barriers in the Global EconomyKendall and V oorhies (2014) note that in some countries, “the most important buffers against crippling financial setbacks are financial tools such as personal savings, insurance, credit, or cash transfers from family and friends. Yet these are rarely available because most of the world’s poor lack access to even the most basic banking services.” In addition, Webber (2014) notes that the World Bank calculates that about 75% “of the world’s poor is unbanked,” amounting to roughly 2.5 billion people who are unable to access any banking services. These unbanked people are often reliant on “a patchwork of informal and often precarious arrangements to manage their financial lives.”However, “technology and new business models are beginning to shape differenttypes of business finance and funding” available across the globe [Vistage(2013)], especially in developing countries. For instance, 75% of Kenyans now have mobile banking services, while in Brazil basic banking transactions are now available at local shops [Webber (2014)].But while the ‘unbanked’ are increasingly being served in developing countries, Webber (2014) notes that inclusion in traditional banking services is becoming more problematic in the EU and US: The Alliance for Financial Inclusion, a global network of policymakers, reported that there are “58 million people in the EU without bank access and another 92 million are ‘underserved’ – having access, say, to just one bank while in the US, nearly 10 million households are believed to be outside of the formal banking system.”Increasingly, the wealthy are being relied upon to redirect investment dollars toward emerging growth companies through different types of incentives and new funding models, however understanding the new range of financial services and means of access will be ‘challenging” but important for all involved [Vistage(2013)]. In particular, understanding the important differences between the huge range of finance and funding options available – from bank lending to crowd-sourced funding to microfinance to private equity and venture capital – is a challenge, but will be fundamental for business leaders, emerging growth companies and investors as they consider their place in the economic equation. At the same time, as I have written in an earlier paper, it is also important that average working class individuals are also given the chance to take advantage of these new investment and financing opportunities [Wales(2014)].Maney (2013) says that the world is undergoing a third revolution (following on from the Neolithic Agricultural Revolution and the Industrial Revolution), and this is a very apt description. Humankind’s collective knowledge is being aggregated and disseminated and is increasingly allowing complete access to the surge of universal information and we all have the ability to connect with almost everyone on the planet [Maney(2013)]. Democratization of the capital markets with financial and investment products such as securities based crowdfunding, peer-to-peer lending (P2P), Bitcoinand more -- in parallel -- with technological advances on the Internet, social media, and the smartphone have all equally revolutionized the way that we do things. This new revolution, started in the developing world, will enable more people to access financial services in less traditional ways. These new financial opportunities, such as peer to peer (P2P) lending and bitcoin will now be discussed in turn.Dawn of a New Era: P2P and the CrowdIn recent years, peer-to-peer lending has attracted borrowers and lenders that had been displaced by the banks. The “new normal’ in this sea of change is leveraging networks of social capital, better known as “the crowd” to infuse the money needed into a company in order to start, grow or sustain its practice.According to the Small Business Administration, recovering is continuing in both “borrowing and lending conditions”, although recovery is slower for smaller firms. Unfortunately, businesses have experienced a downturn in their financial position, which has made securing funds from banks very difficult during a time of increasing financial regulation. This is reflected in a number of studies into small business lending over the last few years.The New York Federal Reserve regularly surveys small business owners regarding “their needs and experiences,” in order to gauge the credit environment, and in the. April/May 2012 survey, 544 small businesses participated. The feedback from the survey indicates that “the recent drop in lending may be due in part to weaker firms self-selecting out of the credit market”: about two- thirds of the participants did not apply for any financing, and half of these respondents did not do so because they feared their applications would be declined. Participants also reported “higher denial rates” for microloans than for loans of higher amounts, suggesting that the demand for microloans is there.Oxfam’s (2014) report into global economic inequality stated that a mere 1% of the global population controls almost half of the global wealth. Furthermore, this 1% owns $110 trillion which is 65 times the combined wealth of the “poorest 3.5 billion people,” the 85 richest people own the same as the combined total wealth of thebottom 50% of the global population, and 70% of the population reside in countries where “economic inequality has increased in the last 30 years”. These statistics emphasize the fact that there is a disproportionate amount of capital not making its way into the hands of “the crowd” as well as the difficulty of gaining access to that capital.History illustrates that during periods of radical change, it took two world wars to shift the economy [Piketty(2014)]. Now inequality is rising back to pre-1915 war levels. According to Piketty (2014), this should be counteracted via global tax on wealth or similar measures.While here we agree on the inequality rise, I submit that wealth inequality could improve naturally through advances in technology and the democratization of capital under the umbrella of “internet finance” rather than through fiscal policy alone.Globally, peer – to – peer platforms originated an estimated $70 billion in 2014. Yet, these loans only make up a small portion of the total number of small business loans [Eavis(2014)]. In the first quarter of 2014, banks lent a total of $291 billion to small businesses, according to FDIC figures, while in contrast, US P2P lending platform, Prosper Marketplace originated over $3 billion of loans on platform as of 1Q2015. As of the 2014, Peer – to – Peer Lending (Debt) originated $11 billion in loans in the U.S., $56 billion in China and $5.6 billion in Europe in 2014, respectively. These numbers are projected to double by the end of 2015.Mobile bankingMobile banking is becoming increasingly popular and its applications have the “potential to encourage financial discipline in even more effective ways”[Kendall and V oorhies (2014)] Mobile banking has three advantages over traditional banking models, which can also be translated for primary and secondary markets [Kendall and V oorhies (2014)]:—Mobile transactions are virtually free. Counter services at financial institutions make up most of the routine bank costs, however, with mobile banking, the same transactions can be made with little or no cost to the financial institutions or mobileservice providers, and by extension those servicing transactions within the primary and secondary markets.—These mobile transactions create huge amounts of data, “which banks and other providers can use to develop more profitable servers and even substitute for traditional credit scores (which can be hard for those without formal records or financial histories to obtain)”. Over time, there will be an emergence of mobile ratings agencies that will assist entrepreneurs and investors to overcome this hurdle in the primary and secondary markets.—Mobile platforms operate in real time, allowing instantaneous account information, messaging and new services sign up.Digital Currency: the case of virtual and crypto currenciesDigital currency businesses are now proliferating with $350 million invested by venture capitalist in 2014 and $230 million invested the year prior. For a moment, let’s explore how the crypto currency, Bitcoin could transform financial markets, by serving as a catalyst for capital formation, especially in underserved regions like Africa and Haiti, which are in dire need of banking facilities and access to capital and technology like blockchain is beginning to serve as the backbone infrastructure for the movement of currencies.Bitcoin is currency that can be traded internationally and anonymously, and because it is a decentralized digital currency, there are no fees, government regulation, and oversight by banks and government-backed securities [Pagliery (2014a)].Five years after its introduction, Bitcoin is among the most studied and traded financial products. Bitcoin payments occur peer-to-peer with no administrator and this cryptocurrency is now a popular form of digital currency. A number of top investors support this digital currency (including, for example, Marc Andreessen and the Winklevoss twins). Merchants see Bitcoin with favor because of its lower fees when compared with credit cards, and the fact that fees are paid by the purchaser and not by the vendor. However, Bitcoin has also been quite volatile so far and has been subject to intense scrutiny by governments.Indeed, last year the bitcoin exchange, Mt. Gox, collapsed, which raised questions regarding “the security of investing in a virtual currency that isn’t regulated by governments”[Vaishampayan (2014)]. However, other players, such as SecondMarket, created a new, and more secure, bitcoin exchange and launched a Bitcoin Investment Trust.There is an excellent and potentially revolutionary opportunity to incorporate cryptocurrencies like Bitcoin into products such as crowdfunding platforms and mobile-enabled platforms that could serve the unbanked, underserved, and the emerging middle class, who represent well over 2 billion people worldwide. $90 billion a year is spent by this population on alternative services such as check cashers and payday loans [Schutte (2014)] and they struggle to obtain the financing, beyond limited microfinance opportunities, to create businesses. Creating value for this segment of the population could be very exciting if social capital and technology are leveraged properly.Bitcoin could be used for remittances, liquidity access to cash, and credit for frontier and emerging countries.ConclusionThe world is embarking upon a new economic revolution. Institutional market making may become a profession of the past as the democratization of capital is being driven more and more by retail investors. The catalyst for this phenomenon originated in the global economic recession. Unemployment, while going down, is till a problem, and interest rates remain at historic lows of almost zero percent while startup and emerging growth companies find it difficult to raise capital via traditional avenues.Start-ups are major job creators (small firms created 65% of new jobs in the US between 1993 and 2009), but they aren’t getting the funding to remain operational.2.5 billion people are unbanked [Chaia et al (2010)] while over 2 billion are living on less than $2 a day. With all of the global resources, it is hard to understand why the wealth disparity gap continues to increase in the 21st century with 1% of thepopulation controlling over 50% of the world’s wealth.On April 5, 2012, President Barack Obama signed into legislation The Jumpstart Our Business Startups Act (JOBS Act), igniting a change to 80-year-old securities laws while spurring a changing of the guards globally and enabling the democratization of the capital markets. Technological advances such as Web 3.0, social capital, smartphones and mobile technology, and Bitcoin are fueling this economic revolution. This revolution is also known as “frictionless capitalism”, a term coined by Bill Gates in 1994, in his book, The Road Ahead, which suggests a new generation of internet companies are innovating to find ways of reducing friction within the internet economy. I will take this thought one step further and propose that the internet is becoming the new industrial network where we can connect with one another directly allowing for advances in creating “frictionless labor markets.”As these examples show, a new economic revolution has the potential to disrupt social and capital norms. Every aspect of life will be transformed due to the interrelated nature of the ecosystem because increased activity in one part of the ecosystem spurs an increase in activity in others.I conclude by arguing that all these developments, energized by the efforts of innovators and entrepreneurs, have the potential to radically transform the world in which we live, while promoting the core values of industrialized societies including democracy, capital formation, sustainability, and equality. A brave new world of business and finance, which is more equal and fairer, is just around the corner.中文译文：互联网金融：数字货币和替代金融解放资本市场摘要本文讨论了政策改革和创新的突然转变是如何解放金融市场的。

互联网金融对传统金融业的影响外文文献翻译随着互联网的发展，互联网金融已经成为金融行业的一个重要领域。

互联网金融通过互联网技术与金融业相结合，为用户提供方便快捷、低成本的金融服务。

它对传统金融业产生了深远的影响。

首先，互联网金融改变了传统金融业的运作模式。

传统金融业的运作模式通常需要用户亲自到银行柜台办理业务，而互联网金融则提供了在线金融服务的便利，用户可以通过互联网在任何时间、任何地点进行金融交易。

这大大提高了金融服务的便利性和效率。

其次，互联网金融打破了传统金融业的地域限制。

传统金融业通常局限于一些特定地区提供服务，而互联网金融通过互联网的全球化特性，使得金融服务能够越过地域限制，实现全球化服务。

用户可以在国内外任何地方使用互联网金融服务，这为传统金融机构拓展市场提供了新的机会。

另外，互联网金融促进了金融创新。

互联网技术的应用使得金融产品和服务的创新变得更加容易。

通过互联网金融，新的金融产品和服务可以更快速地推向市场，满足用户不断变化的需求。

同时，互联网金融还通过引入新的金融模式，如P2P借贷和众筹等，创造了新的商业模式和机会。

然而，互联网金融也带来了一些挑战和风险。

由于互联网金融的快速发展和创新，监管政策相对滞后，容易出现风险隐患。

另外，互联网金融的便利性和高收益也吸引了一些不法分子，导致了互联网金融诈骗的增加。

综上所述，互联网金融对传统金融业产生了深远的影响。

它改变了传统金融业的运作模式，打破了地域限制，促进了金融创新。

然而，互联网金融也带来了一些风险和挑战，需要相关部门加强监管和风险防范。

互联网金融对居民消费的影响With the development of the Internet, Internet finance has also appeared. What impact does Internet finance have on consumers' consumption behavior?Internet innovation in finance -- take Hua Bai as an exampleThe so-called Internet finance, in fact, is a new financial model generated after the combination of finance and Internet. Compared with traditional finance, Internet finance is actually based on the data of the Internet and relies on the network as a platform, ultimately realizing the expansion and extension of traditional financial services. The so-called Ant Huayuan is actually a new product under Ant Financial, which is a financial service generated after combining with e-commerce. On Singles' Day in 2015, the number of transactions paid by Ant Huabei reached 60.48 million, and the success rate of payment basically reached 99.99%. For the person in charge of ant Huabian operation, it estimated that after the payment success rate of the flower is improved by 2-3 percentage points, the consumption of 130 million yuan can be generated by one percentage point improvement.▲Internet FinanceCollect data on Internet financeThrough an online survey can know, is expected to a total of 332 copies of questionnaires, and the actual recycling about 332questionnaires, efficiency reached 100%, through the network of the efficient transmission characteristics has certain representativeness questionnaire samples will certainly, so in the process of related research, it provides abundant data resource.Data analysis of Internet financeAfter obtaining certain data, it is necessary to analyze these data. The first is the influence of different factors on the average online shopping amount of each month. Since various innovative products of financial research are mainly studied, and the Internet financial model is generated by combining Ant Huabian with e-commerce as the representative, the relevant questionnaire mainly takes online shopping as the center. From the consumption function, we can also know that there is a certain relationship between income and consumption, and income is related to a person's occupation, age, gender and the city where the person works and other types of factors. The so-called marginal consumption, income level and other influences, the characteristics of various consumption factors are closely correlated. If the linear regression is carried out for these factors, it is obvious that the city type and occupation type are not obvious at the significance level of 0.05. Considering multiple regression, may be because of the characteristics of the variable exists between a contribution of, make individual variables is not obvious, so we're going to make thecollinearity diagnosis for the model of the process, will find that the value of the model is deviating from the ten words, model is the better, simply does not exist a variety of linear features. After removing the insignificant variables, we can return to regression analysis. Through relevant understanding, we can know that gender, age, monthly income level, monthly total online shopping and monthly living consumption have obvious influence characteristics. And through the analysis of the analysis of the age and gender, women on the average number of online shopping is certainly more than men on average the number of online shopping, with online shopping and monthly average amount showed a negative correlation between age and the relationship between the monthly income level and consumption of life and is to present a kind of direct proportion relationship between average monthly online shopping.▲Internet FinanceFor installment payment choice of study, through to the inadequacy of commodity prices installment quota, consumers choose the correlation, after various investigation, can know the price of a commodity as 590 yuan, 600 yuan will be able to achieve, analysis of payment will be 26.5% of the people can analyze payment limit insufficient in commodity prices, Choose to single way to fight to implement instalment, this shows that the installment payment forconsumers there is a very attractive, the appeal may make the lower limit of goods payment in the edit control process, make the price elasticity of change, cool, price elasticity changes, the process of pricing for consumers, has very important reference significance. In the past, it has a certain pricing method for consumer psychology, and in this process, the pricing method will also change. If the attraction of installment payment to consumers exceeds the process of this pricing method, then it will produce an attraction in the process of bringing a strong psychological hint. Rational consumers tend to make some different choices than before.▲Internet FinanceThrough the analysis of the data after the conclusionThe amount of consumers also has a certain influence. According to the results of the survey, it can be known that the average monthly consumption amount can increase by about 25% after the use of Huayuan. If the consumption limit increases by 300~500 yuan, it can increase by 12%; if the consumption limit increases by more than 500 yuan, it accounts for a long time, and the value of the unchanged people is controlled at 53%. After only 1% of people use Huayuan, the average consumption limit of each month will decrease.▲Internet FinanceThese data reflect that in this part of the investigation process,nearly 50% of people's consumption amount will increase after using Huayuan, the average increase amount. It has reached about 150 yuan. Among these users, the monthly online shopping consumption is controlled at 42.77 percent. In general, and their average monthly online consumption control in 320 yuan, although the data without any seasonal consumption characteristics of the price level as well as a variety of subjects is not completely consistent, so may a certain influence on the result, but this value reached 40%, for growth, there are still some problems.▲Internet FinanceFor consumption structure also has a certain influence, yin-hua wang is used, in addition to the total amount have an impact on consumption, in fact for the consumption structure, it also can produce certain change, in Tmall and flower bai installment purchase, merger use spend bai can shaanxi instalment privileges, but only when prices to more than 600 yuan, In order to use the installment payment method, spend bai shopping analysis, payment setting, there are three periods, these three periods can be free of interest, the user only after confirming the receipt of goods on the 10th of the next month, then pay off the first phase of the payment can be. The later payment will be paid back over several months, which means that as long as the product supports installment payment, the users of Ant Huabai will be able to get interestfree repayment for a long period of time. This will also make many users in the face of choosing less than 600 yuan of goods, will be more than 600 yuan of goods will be tempted, have a certain impact.▲Internet finance network diagramSo in the price of consumer goods to choose, because such preferential, make consumers to choose some goods price analysis of more than 600 yuan payment offline, because take bai the existence of this kind of consumer credit, from above consumable funds for each month, consumers are a increases, for some people income level is low, Payment when there is no such an analysis, consumer credit products produced, and their financial status is not able to use a credit card, they are most likely to choose one quality is poor, lower commodity prices, or simply does not have certain purchasing power for some goods, so consumer credit can be completely that some problems are solved, It distracts them from the various consumption pressures they face at present. For those people with unstable income, this kind of consumer credit can also make their consumption curve become very smooth, reduce the impact of unstable income, and relieve the pressure of their life.▲Internet finance network diagramThe process of making people unable to use the same funds is to achieve the best results. Especially for the young generation, people cannot quickly change the concept of consumption. When undertaking large expend to overdraw consumption then, this just is a breakthrough point.▲Internet finance network diagramSummary and suggestions of Internet financeInternet financial innovation, it has brought the very big influence to people's life, through the relevant data can prove that gender, age, income level and consumption amount, for the total amount of online shopping will have a certain influence, and based on these, the use of the Internet financial products ants spend bai, impact on consumer spending behavior, Some analysis has also been made. Through these analysis, we want to make some Suggestions, the first is for consumers, the Internet financial innovation has made some consumers increases, the consumer behavior of flower bai such consumer credit and a variety of electronic currency phenomenon, may produce some consumers excessive consumption, produce certain pressure to the daily lives of consumers, Therefore, for consumers, they should choose rational consumption and make a correct evaluation of the value of goods and their consumption ability.▲Internet finance network diagramFollowed by merchants for groups of advice, don't undergo differentiation marketing, for different consumer groups, the innovative financial products has to be differentiated marketing, but for differentconsumer object, adopt various flexible marketing means, such as for online shopping, shopping more affirmation is a girl, can increase some publicity, Realistic presence of specific women's products, rather than wool harvesting, can increase the use of financial services. Get more users for yourself. In this way, the market share has also been significantly improved. It can also provide differentiated products and services. Based on the theory of industrial organization, the extent to which enterprises control the market depends on how successful they are in differentiating their products. For different consumption levels of consumer groups.▲Internet finance network diagramTheir demand for a variety of financial products and financial services are different, such as in the student body without some income, so their consumption level is not high, can proper makes the lower limit of the installment, reduce to give a detailed their feet long, the time of reimbursement, so as to make the product sales increase. And that they can fully use of price elasticity, better products for a variety of price elasticity, adopt the method of payment by installment, bring attractive at the same time, also make all kinds of psychological suggestion attractive, people to consumption, product sales have brought, businesses can in the process, appropriate price adjustment. For example, the limit of 600 yuan can actually be reduced to 599 yuan.Although this psychological implication is not very obvious, many people are still attracted by the fact that the number at the beginning of the hospital is different after the hospital is lost. In this case, the form of installment payment will play a certain role of icing on the cake. Therefore, financial service institutions and merchants can achieve win-win cooperation.。

互联网金融作文英文范文英文：As an individual who has been actively involved in the world of internet finance, I have witnessed firsthand the incredible impact that this industry has had on the global economy. Internet finance, also known as fintech, has revolutionized the way we manage our finances, access credit, and invest our money. It has provided a level of convenience and accessibility that was previously unimaginable.One of the most significant benefits of internet finance is the ability to access financial services from anywhere in the world. For example, I can easily transfer money to a friend in another country using a mobile payment app, without having to go through the hassle of traditional banking processes. This level of convenience has truly made a difference in my life, and I know many others who feel the same way.In addition to convenience, internet finance has also opened up new opportunities for investment. Through online investment platforms, I have been able to diversify my portfolio and explore new investment opportunities that were previously out of reach. This has allowed me to take control of my financial future in a way that was not possible before internet finance became mainstream.However, it is important to acknowledge that internet finance also comes with its own set of risks. The ease of access to financial services and investment opportunities can sometimes lead to impulsive decision-making, which can result in financial loss. It is crucial for individuals to educate themselves about the potential risks and to approach internet finance with caution.中文：作为一个积极参与互联网金融行业的人，我亲眼见证了这个行业对全球经济的不可思议影响。

英语作文-金融科技创新对传统金融行业的影响与挑战The Impact and Challenges of Financial Technology Innovation on Traditional Financial Industry。

In recent years, financial technology, or FinTech, has been revolutionizing the traditional financial industry. With the integration of technology and finance, FinTech has brought about significant changes in various aspects of the financial sector, including banking, investment, and payment systems. This article aims to explore the impact and challenges that FinTech innovation poses to the traditional financial industry.One of the most noticeable impacts of FinTech innovation on the traditional financial industry is the transformation of banking services. Traditional banks have long been known for their brick-and-mortar branches, which require customers to visit physically for various transactions. However, with the rise of FinTech, online and mobile banking platforms have become increasingly popular. Customers can now access their accounts, make transactions, and even apply for loans or credit cards through their smartphones or computers. This convenience has not only changed customer behavior but also forced traditional banks to adapt and invest in digital banking services to stay competitive.Furthermore, FinTech innovation has also disrupted the investment landscape. Traditional investment methods, such as stock trading or asset management, often require intermediaries and high transaction costs. However, with the emergence of robo-advisors and online investment platforms, individuals can now easily manage their investments with lower fees and greater transparency. This has democratized investment opportunities, allowing more people to participate in the financial markets and potentially achieve higher returns. As a result, traditional investment firms are facing increased pressure to provide value-added services and differentiate themselves from automated platforms.Another area greatly impacted by FinTech innovation is the payment system. Traditional payment methods, such as cash or checks, are gradually being replaced by digital payment solutions. Mobile payment apps, such as Alipay and Apple Pay, have gained widespread popularity, offering users a seamless and secure way to make transactions. Moreover, blockchain technology, which underpins cryptocurrencies like Bitcoin, has the potential to revolutionize cross-border payments by eliminating intermediaries and reducing transaction costs. As a result, traditional payment providers are facing the challenge of adapting to this new digital era and ensuring the security and efficiency of their services.While FinTech innovation brings numerous benefits, it also presents challenges to the traditional financial industry. One of the main challenges is the issue of cybersecurity. As financial transactions increasingly move online, the risk of cyberattacks and data breaches becomes a major concern. Traditional financial institutions must invest heavily in cybersecurity measures to protect their customers' sensitive information and maintain trust in their services.Additionally, the rapid development of FinTech has raised regulatory challenges. As new technologies and business models emerge, regulators face the task of ensuring consumer protection, market stability, and fair competition. Striking the right balance between innovation and regulation is crucial to foster a healthy and sustainable FinTech ecosystem.In conclusion, the advent of financial technology innovation has had a profound impact on the traditional financial industry. It has transformed banking services, disrupted investment methods, and revolutionized payment systems. However, along with these benefits come challenges, such as cybersecurity risks and regulatory concerns. Traditional financial institutions must adapt to this new era by embracing technological advancements, investing in digital infrastructure, and collaborating with FinTech startups. Only by doing so can they stay relevant and competitive in the rapidly evolving financial landscape.。