Internet finance is a new financial business model for traditional financial institutions and Internet enterprises to realize financing, payment, investment and information intermediary services by using Internet technology and information communication technology.

Internet finance has the advantages of low cost, high efficiency, wide coverage and rapid development.

It is mainly composed of Internet payment, peer-to-peer lending, crowdfunding financing, Internet fund sales, Internet insurance, Internet trust and Internet consumer finance, which has played an irreplaceable positive role in promoting the development of small and micro enterprises and expanding employment.

Of course, dialectical materialism tells us that everything has two sides, and Internet finance is no exception. Its biggest disadvantage is that it is risky.