www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Alibaba-backed Internet bank opens in East China

(Xinhua) Updated: 2015-06-26 09:41

HANGZHOU -- Alibaba-backed Internet bank MYbank, which will mainly offer services to small businesses and rural clients, opened on Thursday.

MYbank, which is 30 percent-owned by Ant Financial Services Group, has a registered capital of 4 billion yuan ($644 million). Ant Financial is a former subsidiary of Alibaba and is still owned by Alibaba chairman Jack Ma and his colleagues.

Other founders include the Shanghai-based conglomerate Fosun Group, China's largest auto parts supplier Wanxiang Group, and Ningbo Jinrun Asset Management Company.

MYbank is headquartered in the eastern city of Hangzhou.

Ma said the idea of opening a bank first occurred to him in 1992.

"At the time, I wanted to open a translation agency, but it was hard to get a loan as I had no mortgage. Then it occurred to me, if I opened a bank, I could help more people achieve success," he said.

In China, people in rural areas and small-business owners often have difficulty securing credit from state-owned banks due to default concerns.

Yu Shengfa, president of MYbank, said individuals and small businesses may apply for loans of up to 5 million yuan.

Apart from the small business lending inherited from Ant Financial, the bank will also offer cash management, and investment and wealth management services, Yu said.

Yu said he hoped the bank could serve 10 million small businesses and individual entrepreneurs in five years.

The bank will have no physical outlets and all services will rely on data collected from credit history on Taobao, Yu said.

Since 2007, three small lending firms operated by Ant Financial have extended 400 billion yuan of loans to 1.6 million small businesses owners and the non-performing loan ratio is at about 1.5 percent.

Though many see promising prospects for the Internet bank, regulatory hurdles remain, as customers cannot open accounts online.

It was announced last year that five private banks were given permission to open. WeBank, backed by Alibaba's major rival Tencent, opened in December.

Previously, China only had one private bank, China Minsheng Bank, which was founded in 1996. It was the country's first national bank founded by private capital.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 怡红院免费全部视频在线视频 | 日韩一级a毛片欧美区 | 美美女高清毛片视频黄的一免费 | 99热久久国产这里是精品 | 欧美另类亚洲一区二区 | 欧美日韩高清观看一区二区 | 国产成人啪精品视频免费软件 | 日本久久精品视频 | 黄在线观看在线播放720p | xh98hx国产免费| 日本一区三区二区三区四区 | 亚洲美女视频一区二区三区 | 久久久久亚洲视频 | 久久99国产精一区二区三区! | 亚洲精品一区二区三区福利 | 一 级做人爱全视频在线看 一本不卡 | 牲欧美 | 亚洲综合色在线观看 | 国产午夜亚洲精品国产 | 久久黄色视屏 | 一级毛毛片毛片毛片毛片在线看 | 国产精品久久久久久久人热 | 国内精品久久久久影院免费 | 99re7在线精品免费视频 | 欧美日韩综合高清一区二区 | 性欧美成人依依影院 | a级毛片毛片免费很很综合 a级毛片免费 | 久久国产精品一区二区三区 | baby在线观看免费观看 | 男人的天堂亚洲 | 亚洲视频在线精品 | 2022久久免费精品国产72精品 | 久久精品国产99久久 | 日韩欧美中文字幕在线播放 | 福利一二三区 | 91精品专区| 亚洲清纯自偷自拍另类专区 | 亚洲国产成人在线 | 一级毛片免费在线观看网站 | 撸天堂| 国产一区二区三区国产精品 |