Consumer finance "Money tempting"

Absrtact: Recently, private banks have become a popular word in the industry. July 5, the State Council issued the "Financial support for economic restructuring and upgrading of the guidance", put forward the attempt by private capital to set up the risk of private banks, for the establishment of private

Recently, "Private banks" has become a popular word in the industry. July 5, the State Council issued the "Financial support for economic restructuring and upgrading of the guidance," proposed "to try to create private banks at risk by private capital", the establishment of private banks to loosen the tone. Immediately, Suningyun business, Kaile Technology and other enterprises have issued applications for banking licences, which when the most conspicuous by suning. As a giant of home appliance sales chain industry, the giant crocodile in the electric business field, plus a financial service, Suning's ecological chain is more powerful. But before the beautiful future comes, suning and other private banks will still face the test.

Guest of the Year

Yan Ming Researcher, Economic Research Institute, Shanghai Academy of Social Sciences

Director of Guo Cufe Banking Research Center

LIU BUZHONG Appliance Observer

Consumer finance "Money tempting"

"Suning, Gome and other enterprises are a kind of ' financial ' enterprises, if the ' Suning Bank ' application for success, it will be more than Ali credit, credit payments and other financial business advantages." "Home appliance observer Liu Buzhong told reporters that Suningyun business annual profit, a part of the time due to the time lag precipitation funds interest income, this part of the large amount of precipitation funds, if this part of the funds into the" Suning Bank "of a financial business, money is very tempting.

Liu Buzhong said that, on the other hand, Suningyun through the opening of banks to promote payment, credit, insurance, financial and other aspects of the layout, can serve the upstream and downstream partners and the vast number of consumers of financial services needs, to build a comprehensive and open financial services platform, conducive to the ecological chain bigger and stronger.

"The rise of Suning Bank can also drive the development of consumer finance." Yan Ming, a researcher at the Economic Research Institute of the Shanghai Academy of Social Sciences, told reporters that Su Ning, who sits on large data, can provide targeted consumer credit services to small and medium-sized enterprises and individual consumers (for example, by simply swiping the Suning credit card when shopping). "In the case of Su Ning, it has a wealth of experience in the chain industry, in the future for the operation and management of the branches of the bank to help greatly." ”

"Risk fallback" raises concerns

Although the business prospects are considerable, there is still a big hurdle in front of Suning, that is, "risk fallback." It is understood that since China has not set up a deposit insurance system, often by the state credit to provide invisible guarantee, so most state-owned banks actually bear the "limited liability", once the banking business failure, the government is often regarded as the ultimate "fallback" of the responsible person. However, for the private banks, the official attitude is: The sponsors committed to the risk of fallback, to avoid business failure to damage the interests of depositors, creditors and taxpayers.

According to this theory, the sponsors of private financial institutions are likely to bear unlimited responsibility for the operation of the enterprise, which makes the private entrepreneurs in the heart of contradictions. For the CBRC, the risk fallback is a way to evade risk, because once the bank accident, the loss is enormous, may also occur the group incident. But at the same time, it also shows its distrust of private capital, which also set a barrier for the development of the privately-run bank. Guo, director of the China Banking Research Center at the Central University of Finance and Economics, said that the same banks, which previously had limited liability for banks largely controlled by state capital, and the newly established banks with private capital controls, gave them a sense of ownership discrimination. "This kind of practice has increased the operating cost of banks, is not conducive to the long-term development of private banks, proposed to adopt institutional fallback, through the deposit insurance system to solve the non-system risk." The deposit insurance system has the function of increasing credit to small and medium banks. ”

Management starts from the beginning

In addition to risk control, another concern for the industry is that private entrepreneurs or private capital do not understand the bank, and ultimately failed in the market competition. In the case of "Suning bank", although Suningyun has begun to intervene in the area of internet finance, running a bank is far more complicated than that.

"' Layman ' does not matter, can separate ownership and management, ask professionals to operate." The key issue may lie in the internal management of the banks. The private bank may be because the shareholder is too dispersed, does not understand the bank management to have the internal personnel control question, has the certain pressure to the enterprise management, needs to further explore the real private bank corporate governance mechanism. "Guo said. In the future, Yan Ming said, there could be a "war of robbers" in the banking industry, in which private banks spend heavily to poach people from state-owned banks.

In addition to learning, experts also advise the state to protect the growth of private banks. Guo said that the state should introduce clear and transparent standards of access to the private banking business direction of institutional arrangements, effectively regulate and restrain its behavior, not only to ensure the construction of market-oriented, multi-level, complementary financial system, and let private banks always do not break away from the healthy running track.