Macroeconomic Research: Internet Finance And Alibaba

We find that the relationship between the development of money market funds and the macroeconomic cycle is significant, which is in line with the investment clock model and is currently in the swing stage of the recent rapid development of the callback. Internet financial products are mainly concentrated in money market funds, and Internet financial development needs to pay attention to the prospect of money market funds.

　　 basic It is in line with the high demand of Internet financial modes and the backdrop of China's macro-economic stagflation. There is a significant correlation between the US money market fund and the economic cycle fluctuation. The stagflation stage plays a significant role in driving the expansion of money market funds. China's Internet financial and money market funds may continue to maintain the recent rapid development of the current stage of the recent callback and partial contraction, which may fluctuate slightly on the basis of maintaining the current growth level. But if the future macro-economy is clearly turning to a recession stage, this situation will be broken, and the expansion of money market funds and the Internet may decline.

　　 The third party Payment business has a unique trading process, the current situation is developing well, has a clearer future prospects, but also needs further exploration. The third party payment is a trading support platform provided by some third party independent agencies, which have signed contracts with the products and the major foreign banks, and have certain strength and reputation protection. The third party payment has the function of promoting the service reform of the financial industry, encroaching on the intermediary business of banks, and creating new financing ways. Looking forward to the future, the third party payment enterprises will also need to explore the road of big data, cloud computing, platform and mobile payment in the future. Competition will gradually intensify. It is necessary to realize the mutually beneficial development of the third party payment and banks, differentiated services and strengthen the third party payment self-discipline.

　　 Ali With the gradual development of finance, five major business segments have been established to create a three-dimensional financial platform strategy. Ali finance has gone through more than 10 years. It can be roughly divided into three stages: data and credit system construction, formal tunneling and comprehensive deepening. It has formed two segments of financial services, namely, consumer finance and small and micro enterprises, which belong to the core businesses of Alipay, Ali small loan, business credit guarantee, zhong an online, and one Datong Wuhan University, covering insurance, guarantee, payment, trust and so on. In the long run, the "Ali" financial platform, which is based on data and credit as the core, facing consumers and small and micro enterprises, is gradually coming. This may be another large platform system that is parallel to the electronic business platform.