Sina officially publishes Micro Bank

Abstract: The success of Alipay balance treasure, so many internet enterprises can't restrain, in yesterday's Sina Chinese Banking Industry Development Forum 2013, Sina officially issued micro-bank. Dai Geng, deputy general manager of Sina, said that he would enter the financial market through micro-banks, in addition

Alipay Treasure of the success of Alipay, so many internet enterprises could not restrain, in yesterday's Sina Chinese Banking Industry Development Forum 2013, Sina officially issued "micro-bank." Dai Geng, deputy general manager of Sina, said that he would enter the financial market through micro-banks, in addition, consumers in the micro-bank can also handle the cost of households, funds transfer, remittances, credit card repayment business.

July 6, the central bank issued a new round of payment licences. Sina's Beijing Sina Payment Technology Co., Ltd. received a licence. The scope of business includes: Internet payment, mobile phone payment. The launch of Sina's "micro-bank" was seen as a clarion call for a full march into the payment business.

"The balance treasure has been ' cock silk financial" pry open a seam, its development momentum can not be underestimated, micro-banking is an excellent response strategy. Yesterday, Dai Geng said in the forum.

He said that many people know that the balance of treasure is through micro-blog, which also constitutes the bank to the user's investment and management products to the bank's important reasons.

He revealed that the future of micro-banking in the sale of investment in financial products, will be closer to the needs of users, to fast, convenient, easy to understand, can be spread-oriented. Through the account docking to achieve a rapid account opening, while using the summer vacation analysis of capital liquidity to achieve early estimates, reduce liquidity risk.

However, he did not disclose the details of the micro-bank model.

It is understood that investment banking is only a micro-bank application. In the future, consumers in micro-bank can also handle the cost of households, funds transfer, remittances, account inquiries, credit card repayment, loss reporting, customer consultation and other business. At the same time, based on micro-blog Mobile internet technology, can also be achieved in advance booking, offline outlets for business. It is understood that Sina will be on-line "wallet" "card package" function, which "wallet" will support mobile phone recharge, water and electricity, such as coal, "card package" will include membership card coupons and purchase function.

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Internet finance detonated parties "spit"

The internet is a city of financial turmoil as a catfish stirs up a traditional financial sector that is comfortable in a corner. Is the Internet Subversion Bank or bank to destroy the Internet? In yesterday's China Banking Development Forum 2013 hosted by Sina, traditional finance barons and third parties paid diverging.

Bank: Balance treasure suck out the deposit

For emerging payment tools, Wang, director of the CBRC's innovation watchdog, said it was too early to say that new payment instruments would subvert traditional banking models. The traditional financial model is still very competitive.

Dong Junfeng, assistant general manager of Bank of China's electronic banking department, said the banks did enjoy the incremental market brought by Third-party payments. Alibaba, Taobao, micro-letter into the Internet portal, to bring new opportunities for banks. Now the banks have organically embedded their products in the Internet and have more opportunities to sell their products.

But as a representative of the bank, Ding, vice president of CMB, felt the pressure of the balance treasure. "What is a bank? Banks are deposits, loans, sinks. The bank must have the deposit, does the balance treasure to absorb the deposit all to go, went to the fund company, did not have the deposit how to borrow, did not have the loan how to come the profit?

In the bank complained that the balance treasure to suck away the deposit at the same time, the third party to pay but in the spit, banks do "balance treasure" type of product power shortage. Third party payment company Quick Money CEO Guoguang said yesterday, to the bank's technology and strength to do similar balance Bao such products do not have technical barriers, but the key is that the banks are not motivated to do so? At present, in the profit model of China's banks, deposit is a very important assessment index, no deposit affects lending. The key to the balance treasure is the reform of bank interest rate marketization and the change of the current profit model.

Third party payment: Do not want to become a commercial bank

As for whether third party payments have been transformed into banks, Guoguang told reporters yesterday: "We will never, and do not want to become commercial banks." Because to become a commercial bank, you will compete with commercial banks. ”

But Ding, vice president of the Bank of Merchants, welcomed the third party's payments to the transition banks. "At present, the third party has made a loan, but absolutely cannot make the deposit." To make deposits, and finally to apply for a banking licence, the CBRC will oversee them, we are at a starting line. The bank is not so good to do, if the market is like a balance treasure to do the cost is higher, spreads small, how to make money. ”

This may also be one of the reasons for third parties to pay reluctance to apply for a banking licence. Guoguang yesterday said that banks are subject to multiple supervision, the need for financial indicators have very strict requirements, third-party payment enterprises become banks, many provisions bundle your hands and feet, product innovation is not so easy.