Publishing Note
This research report is the 18th annual China Capital Market research report,which is composed by Professor Wu Xiaoqiu—director of the Finance and Securities Institute (FSI)—and experts from FSI research team. Also,as the thematic report,it was submitted to “the 18th (2014) China Capital Market Forum”,which was hold by Renmin University of China on January 11,2014.
Professor Wu Xiaoqiu organized,composed and reviewed the main contents of the research report. Also,he finalized the last version with certain necessary modifications. Professor Zhao Xijun reviewed the English version and put forward some constructive suggestions.
This research report received substantial supports from the Social Science Department of the Ministry of Education. The serial China Capital Market research reports,which are composed by Porfessor Wu Xiaoqiu,have been selecting as a sponsorship project by the Philosophy and Social Science Research (Development) of the Ministry of Education since 2011. In accordance with the requirements of the Ministry of Education,this research report has been publishing by Peking University Press since 2013. Moreover,this research report received strong support from Xinyuan Real Estate Co.Ltd., Huarong Securities Co. Ltd.，Capital Markets and Peking University Press. We would like to thank the institutions mentioned above.
This research report reflects the main point of view of the presenter,Professor Wu Xiaoqiu,as well as FSI on the development of Internet Finance.
Finance and Securities Institute (FSI) of Renmin University of China
February 17,2014