Electricity dealers are increasing penetration into the financial sector.

Abstract: The electric business is increasing infiltration to the financial industry. The functions of payment and fund sales are far from satisfying the ambition of electric dealers to participate in the financial industry. Securities Times reporter recently learned that Alipay is seeking a deeper level of cooperation with brokerages, the most important goal is the joint

Electricity dealers are increasing penetration into the financial sector.

The functions of payment and fund sales are far from satisfying the ambition of electric dealers to participate in the financial industry. Securities Times reporter recently learned that Alipay is seeking a deeper level of cooperation with brokerages, one of the most important objectives is the joint brokerage to the regulatory layer to obtain a deposit custody license.

Mutual win cooperation

Securities Times reporter learned that Alipay related business leaders to lead the team to visit the Shanghai Securities Company, thrown out a cooperative program, that is, the use of stock trading and other financial transactions to activate Alipay account deposit funds. Alipay, which plays the role of commercial banks, is entrusted with the funds involved in financial investment transactions.

It is understood that the above scheme has caused a lot of interest of brokerages, Wanguo Securities and other brokerages and Alipay more in-depth contact.

"Alipay is intent on persuading brokerages to work with them to promote the partnership, and the most critical aspect of the scheme is to appeal to regulators to give Alipay a deposit-hosting function like a commercial bank." "Shanghai Securities brokerage business related to the responsible person said.

For both sides, this seems to be a winning cooperation program.

In the current third party payment market, Alipay is undoubtedly a Big Mac. Only November 11 last year, the company's online turnover reached 19.1 billion yuan, the number of fast-paying subscribers has exceeded 100 million, the number of transactions completed on the day is almost net silver and balance payments combined.

Behind the scale of the huge deal is the huge sums deposited by Alipay accounts. In accordance with the rules of Alipay trading, only after the buyer received confirmation of the goods, the seller will receive funds from Alipay. If the buyer applies for a refund, the time will be longer. If the pay treasure last year double 11 of the day turnover of 19.1 billion yuan, only one day, its demand interest income is close to 200,000 yuan, and if the week-long period of time, then the interest income will be as high as 1.4 million yuan.

Similarly, the money has attracted brokers. As a result of the lack of new capital inflows, the A-share market has shown stock trading characteristics, which allows brokerages to focus more on seeking new customers and new funds, and Alipay's cooperation program happened to provide a solution.

Regulatory barriers

Alipay's desire for a deposit-hosting licence is clear, but can it be promoted in the current regulatory environment?

"The regulatory level has subtly changed its approach to internet finance, and seems intent on slowing the pace of the financial sector's openness to internet technology companies," he said. Because once liberalized, financial institutions are faced with considerable pressure, at the same time the regulatory level will also face a lot of technical problems, need to introduce relevant laws and regulations. "Shanghai A listed securities company related business director said.

According to the original plan of the supervision layer, this year in Wenzhou will release a private capital holding brokerage, and will approve the Internet companies to participate in securities, but at present these at the operational level has not yet made great progress.

Undeniably, the Internet financial mixed operation continues to deepen. According to the Securities Times reporter observes, its main manifestation is the network bank, the Financial Wealth Management Product Network sale, the third party electronic payment, the network insurance sale, as well as the network microfinance, and so on, the next step will enter the business process and the management main body's on-line, but this depends on the supervisory layer to

The competition for licences is getting fiercer

On the other side, in addition to the coveted margin escrow licence, the wind of the electricity traders seeking securities licences has been on the news recently.

At the end of March this year, net was exposed to prepare to enter the securities industry, ready to carry out electronic brokerage business. Similarly, some independent fund sales organizations with internet backgrounds are exploring the fund's investment and asset management business. In addition to the configuration recommendations to the Customer fund portfolio, there are companies that have developed FOF (funds in the fund) to enter the asset management business. In the past, FoF products were products issued by traditional financial institutions such as securities firms.

It is understood that the same flush last April 10, the fund third party sales license, great wisdom is also actively apply for independent fund sales qualifications. Last year, great wisdom also recruited a large number of industry researchers can engage in investment business. According to the Securities and Futures Commission published the latest listing of administrative licensing, Hangzhou Vertex Financial Network Media Co., Ltd., Shanghai Yi Union Software Technology Co., Ltd. and other technology companies have submitted changes to the scope of business applications, hoping to cut into the financial industry deeper business.

"In the short term, these companies do not have the ability to design financial products, and are currently working with traditional asset management agencies to develop products and sell them through software or internet penetration, and channel capabilities." "In the future, such institutions will develop their own products," said Haitong securities-related business people. ”

According to the introduction, the securities industry a single customer contribution to the annual commission income between 1000 yuan ~2000 yuan, assuming the same flush get brokerage license, in accordance with the current total of 120 million registered users of the scale calculation, conversion rate at 1% of the level is able to achieve, that is 1.2 million users, Annual income can be added to the level of 1.2 billion yuan ~24 billion, because the network brokerage cost is low, net interest rate can be maintained at about 70% of the level, the annual new net profit in 840 million Yuan ~16.8 billion, is now the number of times more than the income.

There is no doubt that huge profits are the reason for attracting Internet technology companies into the stock brokerage business.