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 / View

New rules can put banks on digital path

By Albert Chan (China Daily) Updated: 2015-09-14 09:41

New rules can put banks on digital path

Traditional financial services providers must grasp technology to avoid seeing their market share erode by challengers

The tech giants are definitely moving in on banking in China. Their growth has been so significant and influential that the central government recently released guidelines to "promote the sound and steady progress of the emerging industry".

But do not rely on the conventional wisdom that the regulators' move will be a blow to the digital disrupters and a blessing for the traditional banks being disrupted.

Internet finance-the catch-all term for loans, investments and other financial services provided through online channels rather than banks and other traditional institutions-is seen as innovation and entrepreneurship, and the government's intention is to further open up the financial industry.

Alibaba's Yu'ebao, an online investment fund with 185 million individual investors, is now the nation's biggest money-market fund. Ant Financial, Alibaba's financial affiliate, which operates the popular Alipay payment system, launched MYbank in June with registered capital of 4 billion yuan ($626 million). In April, it introduced the CSI Taojin Big Data 100 Index, which tracks e-commerce activities to gauge the performance of companies.

Tencent Holdings also has a 30 percent stake in WeBank, which began trial operations in January and offered its first loans in May.

In short, digital banking is on the rise, and it's tech giants that are offering it.

The traditional banks in China have to take the guidelines over Internet finance as yet another whip of innovation and transformation. The reason is simple. Since policymakers clarified the roles of regulators corresponding to each type of Internet finance, including digital banking, all the digital players now have the legitimate status to collaborate and compete in the new ecosystem-as long as there are no compliance issues endangering bottom line requirements, such as crime control, consumer rights and information security.

So what do traditional banks need to do to retain their competitiveness while the industry barriers are officially lowered?

Go digital, without hesitation. China has the largest Internet subscription globally and is predicted to continue to grow during the next few years, according to the China Internet Network Information Center, a State-affiliated research organization. The number of fixed-line and mobile Internet users in China increased to about 650 million in December, and the research center expects this figure to grow. It also says one-third of China's 650 million Internet users are younger than 30, while almost 90 percent of Chinese netizens access the Internet from home, and 450 million have 4G or 3G mobile connections.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人欧美视频在线观看 | 欧美一级专区免费大片俄罗斯 | 亚洲视频一区二区在线观看 | 久草中文视频 | 欧美一级日韩一级亚洲一级 | 国内精品自产拍在线观看91 | 亚洲区精品 | 深夜爽爽爽gif福利免费 | 北条麻妃在线一区二区 | 亚洲免费一 | 精品国产一级毛片 | 成人国产一区二区三区精品 | 在线观看毛片网站 | 亚洲精品一区二区三区在 | 韩国一大片a毛片 | www成人在线观看 | 无国产精品白浆是免费 | 免费毛片全部不收费的 | 黄色免费在线观看视频 | 欧美日比视频 | 国产精品久久久久久久hd | 欧美成人艳星在线播放 | youjizzxxx69日本| 中国一级毛片免费观看 | 欧美激情毛片裸推荐 | 亚洲网站www| 一级特级aaa毛片 | 日韩欧美二区 | 伊人精品视频 | 国产福利三区 | 欧美三级欧美成人高清www | 欧美午夜精品一区二区三区 | 久久亚洲精品成人综合 | 点击进入不卡毛片免费观看 | 日韩一级不卡 | 久久免费精品 | 日本韩国中文字幕 | 精品欧美一区二区三区在线观看 | 国产黄色在线播放 | 亚洲免费区 | 国产亚洲欧美一区 |