China Merchants Bank will actively promote virtual credit card

Internet finance has become a hot topic in the bank's performance meeting, at the China Merchants Bank performance meeting held in Hong Kong, Tian Huiyu, the governor of CMB, talked about internet finance, and said that it was able to understand the level of regulation as a result of the hot discussion of virtual credit cards. At the same time, he also believes that China Merchants Bank in the virtual credit card technology is not a problem, as long as the regulatory authorities to set clear rules, CMB will begin to actively promote the virtual credit card under the rules.

China Merchants Bank Assistant Liang in response to reporters in the south, said the 2013 banking non-performing assets showed rapid growth, but in 2014 still at manageable levels.

The internet mainly affects the small business

On the central bank's call to stop the virtual credit card, Tian Huiyu said, the virtual credit card triggered hot discussion, improve the level of regulation, the merchant bank to understand the performance. He argues that business credit differs from financial credit. The financial credit is taking the bank as the main body, absorbing the deposit, issuing the loan and so on, while the commercial credit is the enterprise mainly, carries on the credit and so on the behavior. And the way and scope of business credit and financial credit are different, the main body of financial credit is currency, which affects the whole society, and the business credit itself is the internal of the enterprise, which is essentially a commodity transaction.

Tian Huiyu says bank credit cards are a financial act. China Merchants Bank will also actively promote virtual credit cards under the rules after it has no problem with the technology of the virtual credit card. Such deals are bullish in the context of Internet finance.

And talking about the challenges of internet finance to banks, Tian Huiyu that, so far, the Internet financial impact on commercial banks, mainly in small businesses and simple business, and the Merchants Bank snack customers concentrated higher, this type of customer service requirements is a comprehensive business, so the internet finance on the CMB has little impact. In the long run, however, the Internet will affect the financial sector. Tian Huiyu said the bank is about to make some layout in internet finance.

In fact, China Merchants Bank's "coffee Bank" model is considered by the industry to be facing the Internet financial shocks. This year, China Merchants Bank has "moved into" the coffee shop, the new coffee banking model. And many banks have recently introduced light-type banking services.

Good quality of assets

The problem of banks ' bad rate is particularly concerned. ICBC last year's non-performing loan balance was 183.3.2 billion yuan, an increase of 66 to 3.8 billion yuan at the beginning of the years, and a non-performing loan rate of 0 83%, up 0.22% at the beginning. According to the annual report, the non-performing rate of corporate loans increased from 0 73% in 2012 to 1%.

Liang in response to reporters in the south, the 2013 banking non-performing assets showed rapid growth trend. The economic downturn has led to difficulties in financing, leading to undesirable increases. However, the bank's poor production rate is at one of the lowest levels. As for corporate loans, the non-performing rate of liquidity increased to 1.32%, Liang said, by region to divide, the majority of the Yangtze River delta; For these industries, regions and structures, the bank in 2014 years to strengthen the access to customers, process management, and strengthen the management after the loan. In 2014, the bank's non-performing rate remained at a stable level and the quality of its assets remained at a good level in the listed banks, he said.

In fact, banks are now packing bad assets for sale to investment banking subsidiaries. Liang to south reporters that the current treatment of non-performing assets have to write off, transfer and clearance and other means. At present, the four asset companies are exploring the transfer, but will consider the price of assets.

China Merchants Bank believes that in 2014, the Chinese banking sector's non-performing rate within the controllable range. Tian Huiyu that the problem of asset quality is an important issue, the bad production rate can be more objective to see the quality of the bank's assets.

Tian Huiyu that China Merchants Bank in the risk control management is quite prudent, mainly reflected in four aspects: first, the balance sheet and internal and external assets risk to be accurate measurement; the second is to unify the management of the assets inside and outside the table. The third, five class classification is very strict (where, More than 90 days overdue loans and non-performing loans ratio: CMB is currently 1.15, this proportion in the same industry relatively high); fourth, the bad generation rate is 0.66%.

Reporters in South Liang Hong Kong report