Ma Yuhua's Talk About The Financial Market

< p > > the world's < a target= "_blank" href= "http://www.91se91.com/" > dress < /a > a target= "_blank" href= "_blank" > shoes, < hat > net, to introduce the retirement of Ma Yuhua after receiving many private bank invitation, but it is not heartbeat. Why? Look at how the private banks become a "dangerous" and "machine" coexistence of financial institutions after the interest rate liberalization, and how to become the "losers" rejected by Ma Yuhua.

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< p > "why do I not go to private banks?" Ma Yuhua said the secret of his heart: now is the accelerated period of China's interest rate marketization. International experience shows that in this process, the impact on small and medium commercial banks is the biggest, even a test of life and death.

The soon to be born private bank was born with a knife.

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< p > < strong > two main threats: interest rate marketization, Internet Finance < /strong > /p >

< p > > a href= "http://www.91se91.com/news/index_c.asp" > banking industry < /a > now there are two main threats, one is policy, that is, the interest rate marketization that management is slowly advancing.

At present, the lower limit of loan interest rate of commercial banks has been liberalized, and the bargaining power of some advantageous enterprises has been strengthened, and banks are facing some passivity.

From the quotations of the one-year loan base rate (LPR) issued by 9 quotations, they are all lower than the 6% benchmark interest rate announced by the central bank before.

In November 1, 2013, for example, ICBC's offer was 5.7030% and ABC was 5.7174%, while the Bank of China's quotations from October 28th -10 31 remained at 5.7030% level; in November 1st, the Shanghai Pudong Development Bank quoted a price of 5.8135%.

The people's Bank of China promulgated the Interim Measures for the management of interbank deposit certificates in December 8th, and has been implemented since December 9, 2013.

In addition, the deposit insurance system will also be launched at the latest in 2014.

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< p > the large deposit certificate in interbank market is also expected to be marketed immediately, and interest rate will fluctuate with the market.

In the next 2 years, interest rates will eventually be liberalized with the first deposit after loan, the small amount after the big first, and the short term arrangement in the long run. In theory, there will be no upper limit on the deposit interest rate, which will greatly reduce the profit margins of the banks.

The consequences are likely to be: the increase in deposit interest rates, the rise in market capital costs, the narrowing of spreads, the substantial increase in operating costs, the increased bargaining power of customers, and the rising cost of acquiring customers. With the intensification of market competition, some small and medium-sized banks are in danger of bankruptcy reorganization and even acquisition.

For private banks, asset size, risk provision, customer base and operational management capabilities are not as big as big ones. In the interest rate marketization, they must not be totally retired and the impact will be even greater.

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< p > another threat is Internet finance.

The core advantages of Internet finance are data and users, as well as a convenient experience.

At least in the small retail business, the traditional banking industry has been forced to fight back by the wave of Internet finance, otherwise it will be backstage, and the bank has become a virtual "cloud space", which is not what banks want.

Although some internet financial companies, such as Alibaba, Tencent and suning.com, have begun to apply for bank licences to solve the problem of capital leverage and obtain greater credit qualifications, they can make use of their network platform's customer resources to carry out some innovative businesses, and add some highlights to the background of the crisis of private banking.

But for most private banks and small and medium banks, their progress is slow in the payment system and Internet process, and there is no complete backstage system and support for science and technology system. These are all necessary for a real bank.

Running private banks is not an empty slogan.

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< p > there are several types of private banking applications that are worth distinguishing.

One is a bank that relies on entities or chambers of Commerce to serve SMEs or enterprises to solve the financing difficulties of SMEs.

Such banks are mainly under the bid of offline companies, and their business types are not very different from those of traditional banks. They also have to face the same a href= "http://www.91se91.com/news/index_s.asp" > competition < /a >; the other is the development of the Internet to a higher stage, that is, the interconnection of Internet Finance, the use of the Internet's electricity suppliers and social platforms to carry out credit business based on electricity suppliers, supply chain finance business and platform sale operation of financial products, and the banks that are established are mainly raising the leverage ratio of the funds, obtaining the qualification of lending and depositing, generally the online bank or the electric commercial bank, such as the network bank of Ali, etc.

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< p > March 2014, Shang Fulin, chairman of the CBRC, announced at a press conference held by the two sessions press center. After the recommendation of the local governments and the approval of the State Council in principle, some private capitals were selected to participate in the pilot work of the first batch of 5 banks.

The CBRC also pointed out that the four modes of operation of private banks are: "small deposits and small loans" (limited deposit loan ceiling); "big savings and small loans" (the lower limit of deposit limits, the upper limit of loan limits); "public deposit and public loan" (only for the legal person is not personal); and "special area deposit and loan" (Limited Business and regional scope).

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< p > from this point of view, the financial license of private banks is limited, that is, by limiting the deposit and loan upper and lower limits and the way of operation area to conduct limited market tests. On the one hand, it takes into account the private banks' ability to deal with risks after the interest rate liberalization, and on the other hand, it also sets the tone for the development of private banks: specialization, regionalization and differentiation.

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< p > in addition, if we want to enter the banking industry, we must first accept more stringent financial regulation.

On this basis, as a new spoiler, "a href=" http://www.91se91.com/news/index_c.asp "private bank" /a "should also consider how to open up the market and build up its own advantages, especially under the impact of interest rate marketization and Internet finance, the creation process of private banks will be even more difficult.

The good times of traditional banking will never come again. As banks, private banks should always make this clear.

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