ZHEJIANG E-COMMERCE BANK CO.,LTD(zhe jiang wang shang yin hang gu fen you xian gong si )

Zhejiang e-commerce Bank Co., Ltd

On September 29, 2014, the China Banking Regulatory Commission (CBRC) issued a notice and agreed to build Zhejiang e-commerce bank in Hangzhou, Zhejiang Province.

Zhejiang e-commerce bank is jointly established by Zhejiang ant small and micro financial services group, Shanghai Fosun Industrial Technology Development Co., Ltd., Wanxiang Sannong Group Co., Ltd. and Ningbo Jinrun Asset Management Co., Ltd.

Alibaba's ant financial services holding 30%, Fosun holding 25%, Wanxiang Sannong holding 18%, Ningbo Jinrun Assets Management Co., Ltd. holding 16%, the remaining 11% of the shareholders have not yet been determined. On May 13, 2020, as the first group of initiators, we launched the "digital transformation partnership action" initiative with the national development and Reform Commission and other departments.

Chronology of Events

On September 29, 2014, the China Banking Regulatory Commission (CBRC) announced that it had approved the preparation for the establishment of Zhejiang e-commerce bank in Hangzhou, Zhejiang Province.

On May 27, 2015, the CBRC announced that it approved Zhejiang e-commerce Bank Co., Ltd. to open its business with a registered capital of 4 billion yuan.

The reply of Zhejiang Banking Regulatory Bureau includes the name of the institution, its domicile and business place, registered capital, business scope, etc. Among them, the name of the organization is Zhejiang e-commerce Bank Co., Ltd. (hereinafter referred to as "Zhejiang e-commerce bank"), with a registered capital of 4 billion yuan. The business scope includes absorbing public deposits, issuing loans, and handling domestic and foreign settlement.

Zhejiang e-commerce bank is a private bank providing financial services to small and micro enterprises and online consumers on the Internet platform. After opening, it will provide financial solutions for small and micro enterprises and online consumers in terms of trade and life according to the "small deposit and small loan" mode.

On June 25, 2015, Zhejiang e-commerce bank officially opened. The bank put forward the slogan of "meticulous", hoping to serve 10 million small and medium-sized enterprises in five years.

Scope of financial business

It has been approved by the banking regulatory agency of the State Council to: Absorb public deposits; issue loans; handle domestic and foreign settlement; handle bill acceptance and discount; issue financial bonds; issue, honor and underwrite government bonds as an agent; buy and sell government bonds and financial bonds; engage in interbank lending; buy and sell foreign exchange as an agent; provide guarantee; collect and pay money as an agent and act as an insurance agent Other businesses of zhungen.

Distribution of shares

According to the official website of CBRC, the shareholders of Zhejiang e-commerce bank are:

Zhejiang ant small and Micro Financial Services Group Co., Ltd. is the largest shareholder, accounting for 30% of the total share capital of the company;

Shanghai Fosun Industrial Technology Development Co., Ltd. is the second largest shareholder, accounting for 25% of the total share capital of the company;

Wanxiang Sannong Group Co., Ltd. is the third largest shareholder, accounting for 18% of the total share capital of the company;

Ningbo Jinrun Asset Management Co., Ltd. is the fourth largest shareholder, accounting for 16% of the total share capital of the company.

The shareholders of the remaining 11% of the shares have not yet been determined, and other subscription shares account for less than 10% of the total share capital. The shareholder qualification of the enterprise shall be examined and verified by Zhejiang Banking Regulatory Bureau in accordance with relevant laws and regulations.

Product operation

Operation mode

Zhejiang e-commerce bank plans to build a whole process network business model. E-commerce banks take the Internet as the main means and tools, operate on the whole network, and provide financial services and products with network characteristics, suitable for network operation and relatively simple structure.

Products and services

E-commerce banks adopt the business model of "small deposit and small loan", and the customers are small and micro enterprises and individual consumers in e-commerce.

Specifically, it provides personal deposit products of less than 200000 yuan and loan products of less than 5 million yuan.

In addition, the proportion of products and the total amount of a single household are also required.

Previously, the CBRC said that Alibaba's banking program features:

First, the model of small deposit and small loan has set up the upper limit of deposit and loan, which has clear characteristics and conforms to the differentiated management orientation;

Second, the network banking mode, using Internet technology to carry out banking business, customers from e-commerce.

Operation concept

The name of the declared bank is e-commerce bank, that is, Internet commercial bank. It is expected to provide financial services suitable for small and micro enterprises and grassroots consumers with Internet technology and Internet concept, especially Internet credit.

Operational capability

Yu Shengfa: the core technology, risk control mode, management experience and customer service experience of Alibaba small loan have been accumulated for four years and will be passed on to Xinsheng bank. “

After the completion of the preparation, the private banks will also keep the two in parallel for some time in the future.

Management team

Initiating team

Zhejiang e-commerce bank is jointly established by Zhejiang ant small and micro financial services group, Shanghai Fosun Industrial Technology Development Co., Ltd., Wanxiang Sannong Group Co., Ltd. and Ningbo Jinrun Asset Management Co., Ltd.

Introduction to shareholders

Zhejiang ant small and micro financial services group has a registered capital of 1.228 billion yuan. Its registered address is 9 / F, Huaxing science and technology building, 477 Wensan Road, Xihu District, Hangzhou City, and its legal representative is Peng Lei. On June 11, 2014, Alibaba e-commerce changed its name to Zhejiang ant small and Micro Financial Services Group Co., Ltd. at the same time, Ma Yun and Xie Shihuang gave all their shares to Hangzhou Junhan equity investment partnership, so the equity structure is that Hangzhou junao holds 41.14% and Hangzhou Junhan 57.86%. Alibaba e-commerce disappeared from the history of Alibaba and replaced by ant micro businesses.

Shanghai Fosun Industrial Technology Development Co., Ltd. is a subsidiary of Fosun Group. Fosun once planned to set up a private bank in cooperation with Junyao group, but failed. Turn around and follow Ali to set up private banks.

Top management team

On May 27, 2015, Zhejiang Banking Regulatory Bureau approved the opening of Zhejiang e-commerce Bank Co., Ltd., and the announcement of the CBRC also announced that the senior management members of e-commerce Bank:

To approve the qualifications of Jing Xiandong, Gu Xiaoxu, Han Xinyi, Yu Shengfa, Zhao Weixing and Zhao Ying as directors;

To approve the qualifications of Huang Yiping, Wang Haiming and Yu Chunjiang as independent directors;

To examine and approve the qualification of chairman Jing Xiandong;

To approve the qualification of Ma Bangning as secretary of the board of directors;

To approve the qualification of president Yu Shengfa;

To examine and approve the qualifications of vice president Zhao Weixing;

To approve the qualification of Tang Jiacai as chief information officer;

To approve the qualification of Tong Zheng's compliance director;

Examine and approve the qualification of the person in charge of the financial department;

To approve the qualification of Liao Xujun's head of internal audit department.

In December 2016, Yu Shengfa, vice president of ant financial services and President of e-commerce bank, will be promoted to cro (chief risk officer) of ant financial services group; now Huang Hao, vice president of ant financial services and President of ant Jubao, will take over the post of Yu Shengfa.

Goal and vision

First, the evaluation target of e-commerce banks is not asset scale and profit margin, but the number of SME customers and mass consumers they serve. Yu Shengfa, President of e-commerce bank, proposed the goal of serving 10 million small and medium-sized enterprises and hundreds of millions of ordinary consumers within five years.

Second, it is expected to start from the business model itself, based on credit data, record every bit of credit while carrying out business, and narrow the gap between urban and rural areas.

Third, inclusive finance is the direction that e-commerce banks have been practicing. It is hoped that Internet technology, cloud computing and big data can be used to effectively distinguish the public welfare attribute and commercial attribute of Inclusive Finance, so as to more effectively solve the dislocation and mismatch between borrowers and borrowers.

Fourth, small banks and big ecology.

Get honor

On September 17, 2019, the Bank of Zhejiang e-commerce won the "best private bank" in the comprehensive evaluation of banks in 2019 (the seventh session).

Chinese PinYin : Zhe Jiang Wang Shang Yin Hang Gu Fen You Xian Gong Si