core tip: October 17th, the newspaper was informed that the investment in the bank’s financial products have been launched in the first half of the loan, the first batch of cooperation with China Merchants Bank and CITIC bank.
October 17th, the newspaper was informed that the investment in the bank’s financial products have been launched in small loans, the first batch of cooperation with China Merchants Bank and CITIC bank.
Ali micro finance group financial innovation business group president Hu Xiaoming 17, told reporters confirmed the news, and revealed that the two products respectively, "CITIC financial benefits plan robust Series No. 8 ‘1, 2 and 3; and China Merchants Bank Cooperation’ star No. 4 ‘will this month 17 days, 24 days in two phases on the line."
this is the first investment in small loan company’s financial products.
According to Hu Xiaoming
, before Ali small loan and Topix information management cooperation asset securitization products No. 1 to No. 4 has been successfully issued, listed in the Shenzhen Stock Exchange and. This series of products due to regulatory requirements, is still not open to ordinary individual investors, only institutional investors want to invest in Ali small loans to individuals can purchase the series of China Merchants Bank and CITIC financial products.
at this point, Ali small loan financing channels have been all over the securities, funds, trust, insurance, banking, financial industry: in addition to all the company in cooperation with the Oriental securities information management asset securitization products Alibaba No. 1 to No. 10, and Ali star series Shandong trust capital trust scheme, vanguard fund Vanguard win the vanguard win asset management – Ali small loan specific multi client asset management plan ", Ali small loan asset-backed project management plan" livelihood insurance’s livelihood benefits through capital".
"around the regulatory" out of table
CITIC Bank announced that CITIC financial benefits plan Series No. 8 1 (robust financial number: A120A0068) was formally established in September 26, 2012, and expire on September 26, 2013, after the expiration of the annual yield of the product was 5.5%. China Merchants Bank Ali star No. 4 has not yet officially launched, not due to specific information query.
announcement shows that the product funds invested in Zhejiang Alibaba microfinance company and Chongqing Alibaba microfinance company claims receivable, the investment ratio of 100%.
issued in May this year, the China Banking Regulatory Commission issued  No. 131 text shows that small loan companies are listed as one of the top five high-risk industries. Although it is not clear that can not be loans, but the significance of high-risk warning obvious." A bank official said, "Ali small loan this way may bypass the CBRC warning requirements, while also avoiding the leverage ratio of 1.5 times the small loan company limited, very cleverly realized the table."
131, said the banking financial institutions should focus on the banking industry, the five main sources of external risk: small loan companies, pawn shops, security agencies, private financing, illegal fund-raising. >