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The Theory of Internet Finance
Xie Ping and Zou Chuanwei
China Investment Corporation, Beijing, China
Abstract: Internet based technologies, such as mobile payments, social networks, search engines and cloud computation, will lead to a paradigm shift in financial sector. Beside indirect financing via commercial banks and direct financing through security markets, a third way to conduct financial activities will emerge, which we call “internet finance”. This paper presents a detailed analysis of payment, information processing and resource allocation under internet finance.
Key words: internet finance, mobile payments, social networks, search engines, cloud computation
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