Ali will become the first online bank in China, Tencent, around Internet finance innovation

Yesterday, Alibaba Group said that it would indeed apply for a private banking license with Wanxiang China Holdings Co., Ltd. as a promoter. Currently, it is applying for data preparation, and no other details can be disclosed. According to the reporter's understanding, Alibaba's application for this is a pilot of online banking, that is, there is no physical banking outlet, mainly through the Internet. If approved, Ali will become China's first online bank.

According to the reporter, Yu Shengfa, the former party secretary of the Hangzhou Financial Office, will be the president of Ali Internet Bank. He has now served as the vice president of Ali Small Financial Services Group. Yu previously served as member of the Party Committee of Hangzhou Bank Co., Ltd., vice chairman of the board of directors, and president.

Wanxiang China Holdings, which is the initiator of Ali, is relatively low-key. According to public information, China Wanxiang Holdings Co., Ltd. is a private enterprise with its main business in the financial services, energy and equipment manufacturing industries.

On June 21, 2013, Ma Yun, Chairman of Alibaba Group, published in the People’s Daily that “the financial industry also needs to spoil the situation, and more people from the layman are required to come in and make changes.” Although there is no banking license, Ali’s current products It covers almost the basic business of banks except deposits. For example, through Alipay, small loan companies and guarantee companies involved in the bank's liabilities and assets business. Prior to this, Ali Finance was criticized for not being regulated by banks.

Tencent revolves around internet finance innovation

According to the approval of the China Banking Regulatory Commission, Tencent will take the lead in setting up a private bank in Shenzhen Qianhai, which is currently in the qualification review stage.

Tencent official said that Tencent will fully build the private bank in accordance with the relevant laws and regulations of the CBRC. On the basis of traditional banking business, Tencent will take advantage of the Internet industry to innovate around Internet finance. Tencent also said that details such as bank preparations and business models will not be disclosed.

In December 2013, Chairman of Tencent's Board of Directors Ma Huateng revealed that it has registered and established six companies in Qianhai, Shenzhen. Its business includes Internet finance, WeChat payment, microfinance, equity investment and foreign exchange business. The total registered capital is 1.6 billion yuan. In the future, Tencent's investment in Qianhai will not be less than 10 billion yuan.

Earlier, it was reported that Tencent will release WeChat POS after obtaining a private banking license. The relevant person in charge of Tencent said that the news is not true.

Pets Toys

NINGBO BRIGHT MAX CO., LTD. , https://www.equine-tool.com