The rise of internet financing in China has brought considerable changes to the life style of people. It provides easier ways for different kinds of payments. It also derives other financing service such as on-line saving, online-lending, etc., which has impact the old structure of finance in China and also challenged the traditional banking service. This paper will focus on internet financing provider and traditional commercial banks. With the competition exists between these two parties, this paper will analysis the impact of third party on-line saving service to traditional commercial banks. And propose corresponding solutions in response to the third party payments shocks. Furthermore, to provide possibilities that may promote financing cooperation with other countries in accordance with the Belt and Road initiative.
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