China’s five private banks obtain operating licenses
Editor: 管理员 Date:2015-01-30 Hit:3559
%3CP%3E%3CFONT%20face%3DVerdana%3EPrivate%20banks%20have%20been%20mushrooming%20in%20China%20as%20a%20result%20of%20the%20country%27s%20ongoing%20financial%20reforms.%20Five%20private%20banks%20have%20now%20obtained%20operating%20permits%20and%20Webank%20has%20already%20started%20up.%20The%20moves%20indicate%20that%20China%20%27s%20financial%20market%20has%20started%20driving%20growth%20from%20the%20bottom%20up.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20banking%20industry%20may%20have%20seen%20the%20first%20signs%20of%20a%20complete%20overhaul%20of%20its%20business%20model.%20Rather%20than%20pumping%20money%20into%20the%20economy%20through%20state-owned%20banks%2C%20the%20Shanghai%20Free%20Trade%20Zone%20is%20rejuvenating%20the%20business%20vibes%20from%20the%20bottom%20up.%26nbsp%3B%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHua%20Rui%20bank%20obtained%20an%20operating%20permit%20on%20Wednesday%20and%20aims%20to%20lend%20to%20small%20and%20micro%20businesses%20in%20local%20residential%20areas.%20The%20private%20bank%20has%203%20billion%20yuan%20in%20registered%20assets%20and%20is%20one%20of%20the%20five%20banks%20to%20obtain%20permits%20from%20Shanghai%27s%20banking%20authority.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%26nbsp%3B%22We%20are%20trying%20to%20solve%20financing%20difficulties%20for%20small%20and%20micro%20businesses%2C%20and%20ensure%20they%20can%20get%20loans%20quickly%20and%20easily%2C%22%20said%20Wang%20Junjin%2C%20the%20group%20leader%20of%20preparation%20group%20of%20Shanghai%20Hua%20Rui%20Bank.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20first%20online%20bank%20--%20Webank%20--%20launched%20in%20Shenzhen%20earlier%20this%20month%20and%20made%20headlines%20around%20the%20world.%20Webank%20has%20no%20brick%20and%20mortar%20branches.%20It%20exists%20only%20on%20the%20Internet%20and%20checks%20clients%27%20identities%20through%20online%20facial%20recognition.%20The%20online%20bank%20also%20serves%20small%20and%20micro%20companies%20and%20aims%20to%20expand%20to%20rural%20regions.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Private%20banks%20focus%20on%20areas%20traditional%20banks%20failed%20to%20cover.%20This%20makes%20up%20an%20empty%20space%20left%20by%20the%20old%20financial%20system%2C%22%20said%20Chen%20Feihong%2C%20the%20deputy%20director%20of%20Shenzhen%20Banking%20Regulatory%20commission.%3CBR%3E%26nbsp%3B%3CBR%3EAnd%20all%20of%20this%20is%20only%20the%20beginning%20of%20a%20revolutionary%20change%20in%20China%27s%20banking%20industry.%20Alibaba%20has%20just%20released%20its%20credit%20checking%20platform%20Zhima%20Credit%2C%20under%20Alipay.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20platform%20uses%20big%20data%20analysis%20to%20track%20users%27%20credit%20records%20online.%20The%20records%20will%20show%20if%20you%27ve%20paid%20your%20bills%20on%20time%20and%20if%20you%27ve%20sold%20counterfeit%20products.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20measure%20is%20expected%20to%20bring%20some%20order%20to%20the%20burgeoning%20online%20financial%20market%2C%20and%20quiet%20Alibaba%27s%20recent%20row%20with%20the%20government%20over%20the%20sale%20of%20fake%20goods.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28CCTV.com%29%3CBR%3E%3C/FONT%3E%3C/P%3E
