Ma Weihua, former president of China Merchants Bank [Photo/VCG]

Internet companies can't become fintech businesses in a day. The former use the internet to reshape distribution channels in financial services, while real fintech enterprises are far more technology-driven. They focus on making breakthroughs in cloud computing, big data and blockchain technology, which can offer advanced services such as predictive analysis.

- Ma Weihua, former president of China Merchants Bank