Ali Submitted To Private Banks To Build Applications

In the near future, the Alibaba has formally submitted its application to the private banks, which are mainly based on the Internet operation, and are very close to the "network bank" that has been predicted by the outside world.

It is reported that according to the application process of private banks, Ali's plan will be answered by regulators at the end of September. If the application is approved, Ali private bank will immediately enter the substantive preparatory stage. If it is not, it will adjust the plan according to feedback.

A person who participated in the internal meeting of the former Ali small gold clothing group (hereinafter referred to as the "small micro gold clothing") also confirmed the above information to the economic reference Daily reporter.

The source said that at the end of 8, Yu Shengfa, vice president of small and micro gold clothing, explained the progress of the preparation of Private Bank of Ali.

Yu Shengfa introduced that the first batch of private banks' preparatory licensees approved by the regulatory authorities did not have two reasons for Ali's private banks. First, the whole preparatory work of Ali was carried out according to its own rhythm. Two, compared with the other three banks, the private banks in preparation for construction had certain particularity, and more work needed to be done for the certification and improvement of the scheme.

However, the above participants said that Yu Shengfa clearly revealed at the meeting that the preparatory work for the preparation of Ali private bank has been basically completed, and the application plan will be submitted to the regulatory authorities very soon, and will get the news of whether the plan can be approved before the end of September.

For Ali private banks to get the approval of regulators, the industry generally believes that this depends on the regulators' attitude towards "Internet banking".

According to the information available, the private bank that Ali plans to build is likely to be a pure internet bank.

The so-called "network bank" is not the existing banking online business, but a bank established solely by Internet. Compared with traditional banks, the biggest difference is that there are no physical outlets and no general branch organizations.

At present, China's banking related policy requires that banks must establish physical outlets, and users need to sign the physical outlets of banks.

Most people in the industry believe that if regulators want to "release" the network bank of Ali, they need to take the lead in revising the relevant policies. In addition to the need for regulators and the banking industry to further discuss risk prevention and control, they need to perform the necessary legal and administrative procedures.

According to the introduction,

Once said, the Internet has no boundaries, but the traditional banks have a physical store, and the scope of all services is regional. Ali wants to provide services without a region, but it depends on the regulatory authorities.

Approval of the application plan.

The industry insiders believe that Yu Shengfa's statement has revealed that Ali private banks will operate on the Internet and look forward to being recognized by regulators.

At present,

Financial regulatory framework and specific business details have not been published, which will cause certain policy obstacles to the preparation of Internet banks.

In addition, the risk that regulators may have on the network bank is still being evaluated. Due to the lack of corresponding operation and risk control experience, it is difficult for regulators to give a complete and mature regulatory plan in the short term.

Some bankers said that in addition to the framework of online banking, the preparation of Internet banking also needs to consider the connection between Internet banking and the existing financial system, especially the traditional banking system.

Combined with these factors, regulators may not be able to "relax" the online banks immediately.

But there are also optimistic forecasts that if the application is not, Ali will continue to adjust the program, and during this period, various attempts will be made to form a set of business models that can be implemented in the current policy framework.

In late July, Ali formally launched the Internet financial services, which is based on the big data capability of Ali, and provided loans to SMEs in many electronic business platforms of Ali through its banks such as Bank of China, China Construction Bank, China Merchants Bank and Ping An Bank.

Many people in the industry believe that in addition to not involving the storage and lending, this service has been very close to the Internet Bank in form and is likely to be the embryonic form of Ali network bank.