The internet finance in China has leaped to next phase within a short period of few years.

ANBOUND's research team is of the view that the essence of finance is the evaluation and management of risk and there is no way that internet finance can innovate away from this very essence.

Many P2P platforms that do not operate well have turned themselves into fund-raising platforms and this model does not share any features of the internet finance. In fact, this is chaotic innovation.

The attempt to promote vigorous development of internet finance should consider the risks associated with it.