What bank does baixin bank belong to?
Direct bank. Baixin bank is a direct selling bank jointly sponsored by China CITIC Bank and Baidu Company. Direct selling bank is a new type of bank born in the Internet age. It has no physical outlets, and mainly relies on the Internet platform to provide users with deposit and loan, foreign exchange business and investment and wealth management products.
Since direct selling banks have no physical outlets, their deposit products and wealth management products are often more favorable. Although baixin bank is a direct selling bank, it is also a formal bank approved by CBRC. It holds a commercial bank license with a limited license, and its deposit products are also protected by the Deposit Insurance Ordinance, which is relatively safe.
What business does baixin bank have?
According to official website's information, baixin bank's business has three major sectors, namely wealth management, consumer finance and microfinance. And digital financial products such as Haoshehua, Wallet Plus, Baidu Flash Payment Card, Hundred Car Loans, Hundred Business Loans and Hundred Ticket Stickers have been released one after another.
In terms of financial technology, baixin bank is also increasing its investment in financial technology. It is understood that baixin bank 202 1 accounts for more than 50% of science and technology investment, and more than 60% of science and technology talents. As the pioneer of China Bank (60 1988) to explore new models, baixin bank needs to make more efforts to stand out in the digital economy era.
Generally speaking, baixin bank is a regular bank supervised and managed by CBRC. Its deposit security is relatively high, and the current interest rate is also very good. Interested friends can learn about it.