Internet finance will enter 2.0 times

Summary: Shang Fulin, chairman of the CBRC, announced today that it has identified 5 pilot schemes for private banks, with internet giants Alibaba and Tencent shortlisted. Among them, Alibaba uses small deposit small loan mode (deposit and loan amount have upper limit), Tencent is large deposit small loan mode (deposit has lower limit

Shang Fulin, chairman of the CBRC, announced today that it has identified 5 pilot schemes for private banks, with internet giants Alibaba and Tencent shortlisted. Among them, Alibaba adopts "small deposit small Loan" mode (deposit and loan amount have upper limit), Tencent is "big deposit Small Loan" mode (deposit has lower limit, loan has upper limit). Internet finance will enter 2.0 times.

Event】

Baidu CEO Robin Li: I also want to run private banks, but no license!

China Broadcasting Network

Li said in an interview yesterday that Baidu wants to participate in the launch of a private bank. He believes that internet thinking, as well as Baidu's accumulation of large data, can be very helpful for banks. But, "Unfortunately, we didn't get a license."

Alipay Wallet will be connected to the network credit card, the first release 1 million

Sina Technology

Next week, the country's first online credit card will be connected to Alipay Wallet, issued by Citic Bank, the first batch issued 1 million. The consumer pays attention to the Citic Bank public number in the payment treasure purse, the on-line application, obtains the card number on-line to open pays treasure fast payment, may carry on the net purchase, the mobile payment and so on various consumption.

Balance treasure ranks among the world's top ten funds: Provisional ranking seventh

Securities Times

As of the end of February 2014, the balance of the days of the docking of the Hong-Li Bao scale more than 80 billion U.S. dollars, has become one of the world's Top ten fund ranks, temporarily ranked seventh, has surpassed Fidelity Reverse fund and other famous products. If the number of users, the balance treasure 81 million of the user even ranked fourth in the world.

Tianhong fund Management capacity suspected: 3 consecutive years of loss

China Business Times

Tianhong fund alongside the "channel Rich" Ali, from the unknown small company grew up with one of the largest money fund products of the giant beast, flying on the branches to become Phoenix. But unexpectedly, Tianhong Fund 2013 still loses 2.44 million yuan, its management and investment ability has to make balance treasure user worry.

Beijing East version balance Treasure "Treasury" postponed until next week officially online

Sina Technology

The planned opening of the Beijing-East version of the balance treasure-"coffers" will be delayed until next week on the line. Jingdong said that the experience of registration and purchase is two links, and only a week, the user experience is not good, so decided to register two in one, postponed the line.

Internet Financial Supervision Division: Peer-to-peer Network Loan is the responsibility of the CBRC

Caixin net

The reporter learned that the central bank will lead the development of Internet financial management measures, adhere to the "who children who take away" principle, to carry out supervision of the division. "It would be more logical for the CBRC to take the lead on the fight against illegal fund-raising, even though regulators are unwilling to do so," said the Commissioner. "A person close to the regulatory department said

Voice】

To make "living wills" to prevent the bank's failure to infringe upon consumers, depositors and taxpayers legitimate rights and interests.

RELATED LINKS

--Shang Fulin, chairman of the Banking Regulatory Commission, said in response to a reporter's question on the morning of March 11 that private capital should be set up for private banks to highlight the commercial principles of risk and income, and to do the institutional arrangements for risk control and loss taking. On the other hand, Alibaba and Tencent have submitted a private bank application.

The balance treasure itself does not matter right or wrong, wrong in its great way of the opportunity: it just with China's economic restructuring, high government debt, small and medium-sized enterprises survive difficult, the renminbi is facing devaluation, hot money outflow and other unfavorable factors superimposed.

RELATED LINKS

-Zhang Tingbin, financial media person, said that the balance treasure is not important to the financial system, it is important that it to promote the restructuring of China's economic structure to create real value, so that Internet finance is truly the engine of China's creation.

Data】

Popular Internet Banking Products revenue:

Balance Treasure (March 11 data)

7th-year rate of return: 5.69% million revenue (yuan): 1.4965

Micro-Credit Management (March 10 data)

7th-year rate of return: 5.876% million revenue (yuan): 1.5612

Baidu earned arbitrage version (March 10 data)

7th-year rate of return: 6.046% million revenue (yuan): 1.6523

NetEase Cash Treasure (March 10 data)

7th-year rate of return: 5.558% million revenue (yuan): 1.4609

Suning Change Treasure (March 10 data)

7th-year rate of return: 5.796% million revenue (yuan): 1.4820