Banks are also being pushed to become power companies

Tencent Technology (Caino) December 13 News, as internet companies have been involved in financial management business, banking industry is also being forced to become a power company. Societe Generale recently announced that it will be stripped of its 5-year financial management business silver Platform, and then set up a power company. The latter will be the Societe Generale Trust's asset management company as the initiator, to the other Industrial Bank shareholders open.

According to the public information, Societe Generale's original banking business banking platform, is the first established in China to pay settlement, technology management output characteristics of the financial portal. On this platform, Societe Generale provides portals and platforms. Products from the Industrial bank's product creation agencies and cooperative Bank of the Fund Management department procurement, but also to other banks and even other sectors of the Fund Management department procurement, Societe Generale only to do sales platform, only to extract the sales commission after the completion of the split. It can be said to be holding "Societe Generale" financial licensing sales agencies. From 2007 to November this year, the sales of its wealth management products amounted to 771.5 billion yuan, of which the end retail customer group sales have more than 100 billion yuan.

Tencent Science and technology to understand that the department now to "Societe Generale" for the purpose, will be in the first quarter of next year set up E-commerce companies, after the establishment of their own to seek to apply for the relevant financial licences, no longer use Societe Generale banking licences. To Societe Generale Trust wholly-owned subsidiary-Societe Generale Asset Management Co., Ltd., as a promoter, and to invite the silver platform of the financial Institutions Partnership.

The new company will apply for banking, trust, funds and other five types of products. "Last year, the Wealth management portal online sales of retail customers have reached 5 billion yuan, the current daily in 20 million, the entire silver-silver platform retail sales end up as much as hundreds of billions of dollars." Zheng Ninh, general manager of the business sector, said that Societe Generale in the sale of financial products is by no means 0 starting point.

This structure is similar to that of Minsheng, which is controlled by Minsheng Bank + bank capital, and recruits social shareholders. The banking industry is forced to set up a financial power to create what kind of business, follow-up or sustained action.