Why is the online merchant bank not a private bank?
Another option for the problem of manor class is private banks. The concept of private banks may not be clear to many people. Here, Xi Cai Jun made a simple explanation.
Private banks can't be regarded as banks, but a kind of tailor-made service provided by banks. After signing an investment and asset management contract with a commercial bank or financial institution, a specific customer entrusts a commercial bank to invest and manage assets. This comprehensive entrusted investment service is called private bank.
It can be seen that the concepts of private banks and private banks are completely different. Online merchant banks do not provide such high-end financial services in terms of personal tailoring. Please do not choose private banks when choosing the correct answer.
Online merchant banks pay more attention to serving small and micro enterprises, so we can see that the lending and wealth management services of online merchant banks are mostly related to small and micro enterprises. Of course, if you are a user of Alipay, you can directly register an online banking account and enjoy a series of services provided by online merchant banks.