The first private bank promoters and business models are slightly changed

Private banks have been formally approved for construction, and the earliest possible opening of the year can be officially opened.

On July 25, 2014, Shang Fulin, chairman of the China Banking Regulatory Commission, announced at the CBRC's work conference on banking supervision in the first half of 2014 that the CBRC has formally approved the preparation of three private banks.

The three privately owned banks are: Tencent, Hundred industry sources, Founding as the main sponsor, in Shenzhen City, Guangdong Province set up before the Bank of Shenzhen Qianhai; by Chint, Huafeng-based promoter, set up in Wenzhou City, Zhejiang Province Wenzhou Commercial Bank, and North China, wheat-based promoter, set up Tianjin Jincheng Bank in Tianjin. At the same time, the reporter also found that the three private banks have been approved in the sponsor, business direction are slightly changed.

"Our principle is to follow the market-oriented business model to run this private bank. And to really follow the market to operate, it is clear that after a period of time on the market appraised." Huafeng Group Deputy General Manager Weng Yi Feng Told the Daily Economic News reporter pointed out that the bank should be competitive with its own unique advantages, which is not only a governance structure can solve the problem, you need a lot of risk control mechanism, excellent management team, etc. A set of management system, which is to be done by private banks in the future.

It is expected to open during the year

In terms of shareholding structure, Shenzhen Qianhai Weizhong Bank subscribed for 30%, 20% and 20% of the total share capital of Tencent, Baoyuanyuan and Liye Group respectively. Chint Group and Huafon Spandex respectively subscribed for the shares of Wenzhou Commercial Bank Share capital of 29%, 20% of the proportion, access to sponsor qualifications; Tianjin North China Group, Mai Buy Group subscribe for Tianjin Jincheng Bank (raised) the total share capital of 20%, 18% of the ratio, and previously announced a slight difference.

It is worth mentioning that the shareholding ratio of Tencent Group to Qianhai Weizhong Bank in Shenzhen has exceeded the upper limit of 20% of the proportion of single promoters in current regulatory policies. In this regard, the relevant person in charge of the China Banking Regulatory Commission introduced the preparation of the private bank approval, the proportion of a single sponsor increased to 30%. This appropriate improvement is to better adapt to risk-based arrangements to encourage promoters and protect the enthusiasm of private capital. And did not break 30%, it is to avoid a dominant problem.

In addition, the initial promoters of Qianhai Qianhai Bank Shenzhen Micro-headquartered in Shenzhen, Guangdong Tencent Holdings Limited and Shenzhen 100 Yoyuan Investment Co., Ltd., and this list more than the Shenzhen Liye Group; Tianjin Jincheng Bank originally launched Man-made Tianjin North China Group Co., Ltd. and Tianjin Commercial Exchange Investment Co., Ltd., and the latest version is North China, wheat purchase.

The relevant person in charge of the China Banking Regulatory Commission said that the three pilot private banks officially approved for establishment have their own characteristics in terms of development strategy and market orientation.

Shenzhen Qianhai Weizhong Bank will become a bank that will focus on serving individual consumers and small and micro enterprises. Prior to this, the Bank of Shenzhen Qianhai Bank adopted the business model for "big deposit and loan"

(That is, the lower limit of deposits and the upper limit of loans). However, when this batch was approved, the development orientation turned into the use of Internet technology to provide financial services to individual consumers and small and micro enterprises.

In addition, the strategic positioning of the two private banks has not changed much. Wenzhou Commercial Bank, located in small and micro-sized enterprises, individual industrial and commercial households and community residents in Wenzhou area, provide inclusive financial services to rural areas and farmers; Tianjin Jincheng Banks will focus on the development of public service in Tianjin.

In an interview with the "Daily Economic News" reporter Weng Yi Feng said that his foothold may be that the traditional commercial banks have not yet reached a goal of supporting small and medium-sized micro-enterprises as their main targets and to serve as a good business, making Wenzhou's private capital , Idle social funds have been more optimized way of investment.

According to the relevant person in charge of China Banking Regulatory Commission, the establishment of bank financial institutions, including the preparation and opening of two stages, get the preparation and approval documents, a six-month preparatory period, opening one month in advance to be reported, if not open within six months , Can apply for an extension of 3 months. According to this estimate, the first batch of private banks will be opened as soon as half a year.

Two did not catch the "first bus"

The formal approval of the above three private banks also means that previously approved pilot programs Ali, Wanxiang and Junyao, Fosun private banks failed to get approval for the construction.

Why these two pilot agencies failed to get approval this time, the market has a variety of speculation. Some people think that failed to catch the first batch of preparation, may be derived from the shareholders of private banks on the ownership ratio still exist differences.

In response, Alipay Micro-Financial Services Group (chips), vice president of Yu Shengfa responded: as one of the first batch of five private banks CBRC pilot, the small financial services group cherish this opportunity, hoping to better and prudent innovation through private banks And serve the real economy. It is being actively prepared and fully demonstrated for various complexities. Subsequent further actions will be disclosed at any time. Both Yao, Fosun Group did not respond to this matter.

An insider in a stockbroker told Daily Economic News reporter that personally, it would be very difficult for Ali to be a private bank, mainly because it is more regrettable to supervise this issue. Ali's current customer base is quite large. When Ali has a bank license, the business scale is comparable to that of a large bank. At the same time, the life cycle of Internet companies is relatively short, and there is a great possibility that Ali will be at risk after he has made a bank. Supervision department attaches great importance to risk control.

The CBRC said it will continue to guide the two preparatory groups to speed up the improvement of the feasibility report and the preparation of the plan. In the meantime, the CBRC will study and demonstrate the feasibility of expanding pilot projects in the next step. In particular, the establishment of private banks in areas with weak financial services, such as central and western regions, should also be strengthened. Counseling should be stepped up and trials should be expanded in a timely manner.

In addition, private bank promoters at their own risk, the relevant person in charge of the China Banking Regulatory Commission said it is not mandatory to assume unlimited joint and several liability, but to encourage the promoters voluntarily committed to bear the risk. "Before the deposit insurance system came out, increasing the credit of private banks by this means is a means of increasing credit."

Shang Fulin said the next step, the China Banking Regulatory Commission will guide the three pilot banks to build the working group to do all the preparatory work for building a reasonable corporate governance structure, drafting the bank charter, selecting qualified directors, senior management personnel, the formulation of operating principles and plans, Establish the main bank management system and risk prevention system framework.