Based on frontier researches by THUIFR, we collect and publish thinking and researches by alumni and faculty of Tsinghua PBCSF.
Global Fintech Business Model Report
In December 2015, Global Fintech Business Model Report (2015) was released on the Second World Internet Conference. Based on the development of fintech all over the world, the Report (2015) divided the business model of fintech into four categories: traditional finance Internetized, Internet-based financial business, brand-new fintech model and fintech information services. On the basis of these four categories, the Report (2015) studied more than 1,000 representative fintech entrepreneurial and growth-type enterprises in nearly 50 countries and regions. After the Report (2015) was published, it received consistent praise rapidly from the regulatory sector, investors and practitioners. The Report (2015) is known as an authoritative textbook in domestic fintech industry.
The second edition of the Global Fintech Business Model Report was officially released at the launch ceremony of the 14th Tsinghua China Startup Camp in Shanghai on December 24, 2016. Professor Li Liao, Executive Associate Dean of the PBC School of Finance (PBCSF), Tsinghua University, gave a detailed introduction on the Report's background, research findings and the research team. The Report was completed by the research team of the Fintech Lab and the Sunshine Fintech Innovation and Research Center of the PBCSF, Tsinghua University.
The Global Fintech Business Model Report (2nd Edition) (hereinafter referred to as Report (2nd Edition)) enriched and updated the four categories of fintech startups report in the 1st Edition, through continuous tracking and more in-depth research.
The Report (2nd Edition) draws on global and domestic developments in fintech over 2016 and further systematic development of the Report (2015) categories. For these purposes, the research team traveled to the United States to visit nearly 40 fintech startups in Boston and New York. The team also joined with European scholars, studied selected European fintech entrepreneurs, and sought to integrate their entrepreneurial experience, lessons and prospects into the Report’s cases.
Internet Banking: A Comparison of American Experiences with China
Internet Banking: A Comparison of American Experiences with China (Monograph), edited by Li Liao, Weiqiang Zhang, Zhengwei Wang and Cen Zhao, introduces the development of internet banking and focuses on the development of relatively mature American online banks. The book summarizes the key characteristics of internet banking and provides readers with a clear picture of the core characteristics of internet banking. It also attempts to uncover the trajectory of internet banking and to provide a strong reference for the development of internet banking in China and for the reform of China’s banking industry.
Unlike existing internet banking in China, which is often primarily a marketing channel, internet banks in the US are independent corporate commercial banks which do not depend on traditional commercial banks. Internet Banking: A Comparison of American Experience with China (Monograph) takes 16 representative American Internet banks as its research objects, and compares U.S. and Chinese commercial banks across seven areas, including, scale, profitability, operational efficiency, asset quality, business structure, capital, liquidity. The study also involved data analysis on these companies over ten years from 2003 to 2012. The book lifts the veil on internet banks, examines their development trajectory and offers references for the development of internet banks in China.
This book is intended as a reference book for financial regulators, financial institution practitioners. It also provides first-hand information for general readers who are interested in internet banking.
【About the Authors】 Li Liao, Head of Fintech Lab, Tsinghua PBCSF Weiqiang Zhang, Deputy Director of Sunshine Fintech Innovation Research Center, Tsinghua PBCSF Cen Zhao, Deputy Head of Fintech Lab, Tsinghua PBCSF
Internet Financial Regulation Research
Internet Financial Regulation Research Researching on current situation and future trend of internet finance in China, this book applied theories and empirical research methods to analyse risks, regulation situation and international experience of the internet financial industry, aiming to provide suggestions for regulators, including suggestions on management ideas, structures and policies.
Internet is gradually changing traditional insurance industry in products, services and channels. Online insurance brokers, agents and pure online insurance companies have gradually emerged since traditional insurance companies were Internetized. The book Online Insurance covers 20 cases of foreign online insurance companies, which are divided into four categories including Internetized traditional insurance companies, online insurance brokers & agents, online insurance companies and online insurance information services. The book shows the status and trend of online insurance industry through the companies' development history, business model, current situation, etc.
【About the Authors】 Founded by Tsinghua University's PBC School of Finance in 2012, the Fintech Lab is the first research entity dedicated to leading best practices, promoting interdisciplinary innovation, and encouraging entrepreneurship in the field of fintech through scientific research and innovative project incubation. Since its establishment, the Fintech Lab has focused on fintech researches and project incubations.
The Sunshine Fintech Innovation Research Center was established in September 2014 under the support of Sunshine Insurance Group. The Center implements research on online insurance and makes use of advanced financial theory, research methods and practical experiences, promoting construction of China's finance and related disciplines and providing advice for the formulation of policies by financial regulators. By bringing together a group of internationally renowned and leading academics, the Center has built a platform for interaction between industry and academia, practice and theory, and actively promoted the theoretical and practical innovation of China's financial industry, striving to become the authoritative think tank in the field of financial innovation.
The Development and Regulation of FinTech 2018
Based on the development of fintech in China market, this book summarized several features of the fintech industry in China in 2017 including the typical application scenarios of Blockchain and AI, and regulations on fintech in China and other countries, aiming to make contributions to the healthy development of fintech in China. In addition, the book researched on popular issues of the traditional financial market, such as a comparative study on ETF in China and the US, and the measurement of House Prices—Hedonic Model, which shows the volatility of house prices in major cities in China.
Internet Finance Review
Internet Finance Review was jointly produced by Weiyangx and Fintech Lab, THUIFR. This journal contains the cutting-edge information and data worldwide, the analysis of industrial cases from home and abroad, covering hot topics in fintech such as direct banks, P2P, supply chain finance, online brokerage, crowdfunding, big data, mobile payment, digital currency, etc. Therefore, this journal offers guidelines for policymakers and regulators, provides advisory for financial institutions and academic institutes.
We translate and publish internationally renowned books through cooperating closely with world renowned finance publishers and authors.
The PayPal Wars
As the first book in the series of fintech published by Fintech Lab, THUIFR, “The PayPal Wars” demonstrates the operational strategy and business model of a new financial product, and provides an excellent business model for Internet enterprises as well as latecomers to the financial industry.
With the growth of finance, young entrepreneurs from PayPal suffered from a series of challenges such as the emergence of fake products, the deficit crisis, the cultural conflicts from ownership change, merger and reorganization, the siege of the media and the removal of Elon Musk. In 2002, E-commerce giant eBay acquired PayPal for 1.5 billion USD, which resulted in massive employees turnover. However, with the imprint of PayPal, they have become leaders in creating a new pattern of business in Silicon Valley, leading the wave of innovation and entrepreneurship in the US.
Crowdfunding is dedicated to analyzing internet financing issues and reshaping the relationships between investors. Written by crowdfunding experts from Europe and the US, this book is composed of twelve chapters covering various issues in internet financing, professionally and accurately demonstrated the current situation of crowdfunding and future development trend.
Fintech is the WeChat official account held by Fintech Lab of Tsinghua PBCSF. As one of the most popular WeChat official accounts covering fintech news, Fintech was honored as "The Top 10 Influential Financial WeChat Accounts in China" in 2014. So far, Fintech has more than 400,000 followers already.
WeiyangX is a fintech portal owned by Tsinghua Holdings Weiyang (Beijing) Technology Co., Ltd. Founded as an incubation project by the Fintech Lab of Tsinghua PBCSF, WeiyangX has gradually established itself as an integrated online platform of fintech industry. Facilitated by the profound academic background, financial insight and professional research capability of Tsinghua PBCSF, WeiyangX sticks to the principles of being industry-leading, thought-provoking, international and market-driven all along its development. The platform boasts a rich mix of contents (e.g. industrial data, research paper, regulation reference, and conference information), serving as an intellectual support and innovation think tank for fintech entrepreneurs, regulators and other industrial practitioners.