Zhejiang Online Commercial Bank Co., Ltd. is a private bank. Banks have no physical outlets, and all their businesses are handled through the Internet, so they can also be called Internet banks. The positioning of online merchant banks is to provide financial services for online merchants, small and micro enterprises, mass consumers, small and medium-sized financial institutions, rural operators and farmers.
1. Brief introduction of Zhejiang online merchant bank:
Based on the financial cloud computing platform, online merchant banks have the ability to handle high concurrent financial transactions, massive big data and flexible expansion, and take advantage of the Internet and data technology. As a bank that focuses on providing financial services to more small and micro enterprises and individual operators, the mission and vision of online merchant bank is "meticulous".
In recent years, the development of science and technology has greatly increased the availability of small and micro loans in China. More than 30 million small and micro operators have used non-contact loans from online merchant banks, and the average household loan is less than 40,000, of which 70% operators have never obtained operating loans from banks in the past.
Second, introduce private banks.
In the next five years, "building a Chinese-style open bank" is the core strategy of online merchant banks. Driven by science and technology, we will further open up to supply chains, rural areas and financial institutions, and adhere to the principle of low profit and universal benefit. Online merchant banks hope to provide new ideas for the development of global open banks through practice.
At present, there are three definitions of private banks in academic circles: the theory of property right structure, the theory of asset structure and the theory of governance structure. The theory of property right structure holds that private banks are controlled by private capital; According to the asset structure theory, private banks mainly provide financial support and services for private enterprises; According to the theory of governance structure, all banks that adopt market-oriented operation are private banks. These three definitions list the characteristics of private banks from one side, but fail to form a comprehensive understanding of the essential characteristics of private banks.
The capital of private banks mainly comes from the people, and the pursuit of profit maximization is stronger. If there is no sound supervision mechanism for effective supervision, private banks will often close down because of risk problems. The very important motivation for private enterprises to run banks is to build a fund platform for enterprises and facilitate their financing. Once the affiliated enterprises have problems and the loans cannot be repaid, private banks will face great risks.
What bank does Zhejiang Online Merchant Bank Co., Ltd. belong to?
Zhejiang Online Commercial Bank Co., Ltd. is a private bank. Banks have no physical outlets, and all their businesses are handled through the Internet, so they can also be called Internet banks.
The positioning of online merchant banks is to provide financial services for online merchants, small and micro enterprises, mass consumers, small and medium-sized financial institutions, rural operators and farmers.
The online merchant bank officially opened on June 25th, 2005, 2065438. It is one of the first batch of private banks in China approved by CBRC.
The online merchant bank is also the first technology bank to build its core system on the financial cloud without offline outlets.
The capital of private banks mainly comes from the people, and the pursuit of profit maximization is stronger. If there is no sound supervision mechanism for effective supervision, private banks will often close down because of risk problems.
The very important motivation for private enterprises to run banks is to build a fund platform for enterprises and facilitate their financing.
Once the affiliated enterprises have problems and the loans cannot be repaid, private banks will face great risks.
Extended data:
The main purpose of establishing private banks is to break the monopoly of state-owned commercial banks in China and realize the diversification of financial institutions.
Compared with state-owned banks, private banks have two very important characteristics:
First, autonomy, the management rights of private banks, including personnel management rights, are not interfered and controlled by any government department, and are completely decided by the banks themselves;
Second, private, that is, the property right structure of private banks is mainly composed of non-public economy, so as to prevent government intervention to the maximum extent.
As an important part of the financial market, private financial institutions have a series of advantages such as flexible mechanism, high efficiency and strong professionalism due to their special property rights structure and business forms.
Therefore, private banks are an important supplement to China's state-owned financial system. The establishment of private financial institutions will inevitably promote fair competition in the financial market and promote the reform of state-owned financial enterprises.
The establishment of some internationally advanced private financial institutions will help the financial industry to participate in international competition and alleviate the impact of foreign capital on the domestic financial industry after China's accession to the World Trade Organization.
The most prominent feature of private banks is that they operate independently according to the market mechanism without government intervention, which is also their advantage over state-owned banks. But this advantage is based on a good credit environment, a developed financial market and an effective supervision system. However, reality is often far from theoretical assumptions. In the case of imperfect living environment, private banks often have problems of one kind or another, leading to failure. Looking at the development of private banks at home and abroad, the reasons for the failure of private banks are mainly concentrated in five aspects, namely, irregular market access, imperfect supervision mechanism, intervention by privileged groups, insider control and loans from affiliated enterprises.
market access
Banking is a highly profitable industry, so people are very enthusiastic about investing.
But banks are high-risk industries, and the characteristics of their debt management determine that banks must put "safety" in the first place. Because bank bankruptcy will make depositors suffer losses, and lead to "domino effect", triggering a series of chain reactions.
In order to prevent risks, while strengthening the supervision of banks, countries and regions often impose strict restrictions on the market access of banks, especially on private capital to set up banks.
And irregular market access often leads to two situations:
First, financial speculation produces moral hazard;
Second, it leads to excessive banking and vicious competition. In both cases, private banks will eventually fail.
The first case is represented by Russia. Russia liberalized its financial industry around 199 1.
Because of "shock therapy", while fully liberalizing finance, there was no standardized market access mechanism, which led to the prevalence of financial speculation and the emergence of many banks at once.
Most of these banks are run by speculators and cheat everywhere. Russia's financial system was quickly destroyed, which eventually led to the financial crisis.
The second case is a typical case of Taiwan Province Province. On 1989, Taiwan Province Province amended the banking law and started to open private banks. Because there is no access regulation, the minimum capital is only raised to NT$ 65.438+0 billion, and 654.38+09 applicants come out at once.
What bank is the online merchant bank?
The online merchant bank is a pure Internet-operated bank with no physical outlets. It is one of the first five private banks approved by China Banking Regulatory Commission and officially opened on June 25th, 20 15. Online merchant bank is the first bank in China to build its core system on the financial cloud, providing services for small and micro enterprises, mass consumers, rural operators and farmers, and small and medium-sized financial institutions.
The online merchant bank initiated by Ant Group as the major shareholder is a joint-stock commercial bank. The full name of Zhejiang Online Merchant Bank Co., Ltd. is located at Floor 65438 18- 17, Delixi Building, No.28-38 Xueyuan Road, Xihu District, Hangzhou, Zhejiang Province. Its business scope includes banking business. Securities investment fund sales service.
Shareholders of online merchant bank (according to Aiqicha) include Zhejiang Ant Microfinance Service Group Co., Ltd., Shanghai Fosun Industrial Technology Development Co., Ltd., Wanxiang Sannong Group Co., Ltd., Ningbo Jin Run Asset Management Co., Ltd., Hangzhou Doctor He E-Commerce Co., Ltd. and Gold Food Co., Ltd. ..
Loans provided by online merchant banks include online merchant loans. At the time of processing, the borrower must be 18-65 years old, have opened an Alipay account, and have a good personal credit. When handling a loan, you can choose to repay it in up to 24 installments, and you can use funds from different accounts to repay it. Usually, before the repayment date 12, you can recharge enough money to Alipay balance, Yu 'ebao and bound bank card, and then the system will automatically deduct the money.