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

China's 'baby boom': cradle of financial reform?

(Xinhua) Updated: 2014-02-28 11:38

BEIJING - China's new "baby boom" is not of the demographic variety. New financial systems and products are being born everywhere, bringing trouble to some and great expectations for many.

China's 'baby boom': cradle of financial reform?

Alipay to launch long-term wealth-management product
 

China's 'baby boom': cradle of financial reform?

Alibaba's 'Leftover Treasure' hits 43m users 

The financial baby boom started when Jack Ma's online currency fund Yu'e Bao (Leftover Treasure) grew from almost nothing to a global leader, with 50 million investors stumping up 400 billion yuan ($65 billion) in just eight months.

The very simple recipe of a low investment threshold and high yield has catapulted Yu'e Bao and partner Tian Hong Asset Management from obscurity last June, to close to the top of the world today.

The miracle bred many envious copycats who began clawing at the market, scrapping for Internet investors, even going so far as to borrow auspicious characters in their names: "Bao" means both baby and treasure in Chinese.

Niu Wenxin, a highly regarded commentator with the national broadcaster CCTV, went so far as to call Yu'e Bao a "financial parasite" draining "blood" from banks, and the new financial "babies" are now in the sights of many wily old predators.

When Niu described funds like Yu'e Bao as another "central bank" with variable yields and huge capital, his hidebound attempt to nullify the new funds like Yu'e Bao got little support. Doubts and refutation flooded the Internet: What are these funds? Vampires or messiahs?

The creator of Yu'e Bao, Alipay, is angling for floatation on the New York Stock Exchange. The proud parent company posted a long statement online, defending their fat offspring and pouring sarcastic scorn over Niu. Alipay's counterstatement has been reposted and "liked" over 10,000 times.

"Niu knows nothing about finance or innovation," said a "financial analyst" with screen name "Yufenghui".

China's 'baby boom': cradle of financial reform?

Banks, online funds battle for larger share of savings

China's 'baby boom': cradle of financial reform?

Banks set to cap rates on Internet funds

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
江川县| 鹿泉市| 临朐县| 松原市| 莱阳市| 普宁市| 北碚区| 罗山县| 闻喜县| 宾川县| 南郑县| 玉环县| 蚌埠市| 微博| 叶城县| 宾川县| 沧州市| 绥阳县| 松江区| 大城县| 明溪县| 伊川县| 浦北县| 凌云县| 肃宁县| 太和县| 闽侯县| 禹城市| 清丰县| 黄平县| 葵青区| 格尔木市| 辉南县| 二连浩特市| 任丘市| 周至县| 临邑县| 平利县| 常德市| 丰宁| 沛县|