业内呼整合银行与互联网金融

 　　Internet finance is still a relatively¹ new thing in China, having only come into existence less than two years ago.

　　In June, 2013, Alibaba launched Yu'ebao, one of the first and so far the most popular internet financial product in China.

　　Yu'ebao allows customers to invest money through Alipay, Alibaba's online-payment service.

　　Since coming into existence, Yu'ebao has attracted investments worth over 90-billion US dollars as of the end of last year.

　　业内呼吁整合银行与互联网金融

　　The main draw is that Yu'ebao provides higher returns compared to the savings² rate at a bank, which is generally below the rate of inflation, meaning money left in a Chinese bank account will depreciate³ in value over time.

　　It's estimated that around 60 percent of China's more than 600 million Internet users have used Internet financing products.

　　This had led to calls to reign⁴ in the sector⁵, with the banking⁶ industry complaining that it's been diverting investments from banks and other traditional financial institutions.

　　Shao Ping, governor of Shenzhen-based Ping'an Bank, is among those now calling for integration⁷ between internet financing and well-established financial institutions.

　　"Somebody says internet finance is challenging or even overthrowing⁸ traditional financial institutions. But I think that is not the case. It's true that internet finance has increased the competition. But more important, it brings about integration and innovation in the financial sector."

　　Wang Yanxiu with the China Banking Regulatory Commission says traditional financial institutions can take lessons from what the internet financing sector has been doing, particularly when it comes to offering targeted loans to those in need.

　　"Internet financing products should continue to target micro businesses and individuals. The internet should not be used as a platform to just raise funds. It should be used as a way to spread risks and slash⁹ the cost of financing for businesses. So internet companies and financial companies should both develop more convenient and useful financial products for investors¹⁰ and borrowers."

　　Some observers say internet financing services, including crowd-funding and peer-to-peer lending, can help to break the stranglehold state-owned finance once held on those looking to fund a new business.

　　But risks involved in the new sector are still concerning.

　　The number of internet-based financing platforms that went bankrupt or had difficulty repaying money climbed to 275 last year from 76 in 2013.

　　Chinese police are currently investigating a pair of Sina Corporation online wealth products for alleged¹¹ illegal fundraising worth over 50 million yuan.

　　The central government has been working on new guidelines for internet financing.

　　Those are due sometime in the first half of this year.

　　For CRI, I'm Yin Xiuqi.

1 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

2 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。

3 depreciate   

v.降价，贬值，折旧

参考例句：

• The computer value will depreciate by $ 500 in the first year.在头一年里这台电脑会贬值500美元。
• If you neglect this property,it will depreciate.如果你忽视这份资产，它无形中就贬值了。

4 reign   

n.统治时期，统治，支配，盛行；v.占优势

参考例句：

• The reign of Queen Elizabeth lapped over into the seventeenth century.伊丽莎白王朝延至17世纪。
• The reign of Zhu Yuanzhang lasted about 31 years.朱元璋统治了大约三十一年。

5 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

6 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

7 integration   

n.一体化，联合，结合

参考例句：

• We are working to bring about closer political integration in the EU.我们正在努力实现欧盟內部更加紧密的政治一体化。
• This was the greatest event in the annals of European integration.这是欧洲统一史上最重大的事件。

8 overthrowing   

v.打倒，推翻( overthrow的现在分词 )；使终止

参考例句：

• They succeeded in overthrowing the fascist dictatorship. 他们成功推翻了法西斯独裁统治。 来自《简明英汉词典》
• I always delight in overthrowing those kinds of schemes. 我一向喜欢戳穿人家的诡计。 来自辞典例句

9 slash   

vi.大幅度削减；vt.猛砍，尖锐抨击，大幅减少；n.猛砍，斜线，长切口，衣衩

参考例句：

• The shop plans to slash fur prices after Spring Festival.该店计划在春节之后把皮货降价。
• Don't slash your horse in that cruel way.不要那样残忍地鞭打你的马。

10 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

11 alleged   

a.被指控的，嫌疑的

参考例句：

• It was alleged that he had taken bribes while in office. 他被指称在任时收受贿赂。
• alleged irregularities in the election campaign 被指称竞选运动中的不正当行为