1. Text: | Print|

      Tencent-backed private lender ready for debut

      2014-12-17 10:06 China Daily Web Editor: Qin Dexing
      1

      A bank partly backed by Tencent Holdings Ltd has won approval to start operations, making the Shenzhen Qianhai Weizhong Bank the first of five new private lenders to start operations.

      The institution, also known as Webank, is expected to open within a month, the Economic Information Daily reported on Tuesday.

      Tencent, which is the largest shareholder with a 30 percent stake, confirmed that it had received the green light from banking authorities in the southern city of Shenzhen, but the company did not give an exact date for starting business.

      The bank has registered capital of 3 billion yuan ($484 million). It will focus on personal banking and lending to small and medium-sized enterprises, said Tencent.

      The company, which owns China's largest online social networking systems (QQ and WeChat), said it will offer innovative products and services.

      The other banks will be in the cities of Tianjin and Shanghai, as well as Zhejiang province. They mark a gradual opening of China's State-dominated banking sector.

      Wu Qing, a financial researcher at the Development Research Center of the State Council, said he has great expectations for the role of private banks.

      Wu said that compared with the huge market shares held by traditional banks, the private banks will not be big enough to reshape the industry.

      "But innovation and the Internet 'gene' in some of these private banks can bring huge changes to the system in terms of pushing the traditional banks to stay ahead of the competition," he said.

      He cited online wealth management service Yu'ebao, of Alibaba Group Holding Ltd, as an example. The popularity of Yu'ebao and the threat it poses to traditional banks have pushed brick-and-mortar banks to launch more online services.

      "With the competition from Internet finance, banks are all aware that they need to respond and act as fast as they can to stay ahead, which was never the case before," he said.

      Small as they are, private banks such as Webank still have some advantages when it comes to consumer data, which they can use to challenge the giants.

      The first customers of the private banks are likely to come from companies associated with their investors, said Ma Tao, an Internet finance analyst at consultancy Analysys International.

      Ma said that just as Alibaba has lots of transaction data on its online shoppers and merchants, Tencent has amassed a wealth of data from its social networking systems that it can use when offering financial services.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产jizzjizz视频全部免费| 亚洲 日韩 色 图网站| 亚洲AV无码一区二区乱子伦| 亚洲国产人成在线观看| 噜噜噜亚洲色成人网站| 久艹视频在线免费观看| 日韩成人免费视频播放| 亚洲丝袜美腿视频| 国产精品亚洲专区无码WEB| 久久青草91免费观看| 国产成A人亚洲精V品无码| 亚洲精华液一二三产区| 免费国产黄网站在线观看| 亚洲日韩在线观看免费视频| 亚洲人成图片网站| 最近高清国语中文在线观看免费 | 国产成人自产拍免费视频| 波多野结衣免费在线| 亚洲av中文无码乱人伦在线r▽ | 一级毛片aaaaaa免费看| 亚洲国产精品碰碰| 亚洲欧美成人一区二区三区| 99re6在线精品视频免费播放 | 国产免费久久精品99re丫y| 国产亚洲一区二区三区在线| 美国免费高清一级毛片| 亚洲第一区精品日韩在线播放| 国产精品福利在线观看免费不卡| 亚洲AV无码一区东京热久久| 日本最新免费网站| 久久丫精品国产亚洲av| 国产一级片免费看| 亚洲无线码在线一区观看| 一个人免费观看www视频| 免费99热在线观看| 久久久久亚洲国产AV麻豆| 免费毛片在线播放| 亚洲国产精品一区二区三区在线观看| 日韩在线视频免费看| 国产一区二区三区免费观看在线| 国产AⅤ无码专区亚洲AV|