综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Markets

Internet finance transforms China's financial landscape

(Xinhua) Updated: 2014-01-08 09:41

Zou Pingzuo, a researcher with the People's Bank of China, attributed Yu'E Bao's popularity and high rates of return to the government's restrictions on interest rates - a major source of bank revenue.

"Interest rates have not been liberated. To ordinary people, deposit interest rates are very low while loan rates are very high. At this point, the market remains quite unfair," Zou told the dialogue program.

The government's grip on interest rates created the chance for Yu'E Bao. And in return, Yu'E Bao's huge success might help push forward interest rate liberalization in China, he added.

Tang said China's traditional banking services has two problems - a monopoly and being inadequately market-oriented, which has left many customers under-served and dissatisfied.

Zou dismissed the idea of confrontation between Internet financing and traditional banking, saying that the two could serve different groups of customers.

Zu agreed. Traditional banks tends to serve big enterprises with very good credit records, while small and medium-sized enterprises and individuals have been under-served, which created a good opportunity for micro-loan business, he said.

The rise of Internet finance has had a strong impact on mindsets both in and outside the traditional financial sector, and some old concepts have been overturned, according to the Yu'E Bao founder.

Its stunning success has led to more Internet bees buzzing around the honeypot in China.

In October, China's search giant Baidu announced its own online wealth management product, "Baifa." Two months later, NetEase, another leading Internet technology firm, launched its first online wealth management product, "

Back in June of 2013, one week after the launch of Yu'E Bao, Alibaba founder Ma Yun promised to shake up the established order of China's financing in an article run by the People's Daily.

"China's financial industry needs disrupters. It needs outsiders to come in and transform it," Ma wrote.

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
城口县| 铁力市| 常山县| 河池市| 丹棱县| 海口市| 鄯善县| 犍为县| 衢州市| 漳平市| 石屏县| 城步| 天镇县| 来凤县| 英山县| 邹平县| 利津县| 子长县| 涿州市| 漠河县| 闵行区| 香河县| 巩留县| 新建县| 潞西市| 青岛市| 扎囊县| 潼关县| 霞浦县| 泰安市| 兴和县| 行唐县| 怀来县| 朝阳县| 通城县| 平昌县| 萍乡市| 中牟县| 武功县| 钟山县| 上思县|