Abstract: The answers to the problems about the development of internet finance must be found from its driving and innovation mechanisms and the evolution routes to its business formats. Reviewing the theoretical contexts of internet finance from the perspectives of platform economics and industrial evolution, the paper sets up the driving mechanism including system reform, technical progress, market changes and organizational reform, and the innovation mechanism integrated by data, rules and applications, then portrays the evolution route between the business formats of internet finance from the theory of ecological competition.

摘要： 互联网金融发展中的现实问题必须从其驱动创新机制和业态演化路径中寻求答案。本文从平台经济学和产业演化理论视角来追溯互联网金融发展的理论脉络，构建制度改革、技术进步、市场变化和组织变革促进互联网金融发展的“四力”驱动机制，集成数据层、规则层和应用层的“三层联动”创新机制，然后用生态竞争理论来刻画互联网金融各种业态之间的演化路径。