Wenzhou private commercial bank belongs to what bank

Private Bank. Wenzhou Minshang Bank Introduction Chint, Huafeng as the main sponsor, in Wenzhou City, Zhejiang Province, the establishment of Wenzhou Minshang Bank.July 25, 2014, the CBRC party secretary, Chairman Shang Fulin in the CBRC in the first half of 2014 National Banking Supervision and Management Work Conference disclosed that the CBRC has formally approved the application for preparatory construction. However, it can still only provide passbook processing. According to the provisions of the banking supervision department, half a year before you can apply for the UnionPay card and Internet banking business, but holding a passbook of the Wenzhou Minshang Bank can go to the Wenzhou Industrial and Commercial Bank to handle the deposit business on behalf of the bank.

In accordance with the current declaration of the formation of the program, the total share capital of the Wenzhou People's Commercial Bank of 2 billion yuan, the shareholders are all the local development of private enterprises in Wenzhou. Among them, Chint and Huafeng, as the main sponsor, applied to the CBRC for 29% and 20% of the equity ratio, totaling 49%. The future positioning of Wenzhou Minshang Bank will mainly provide inclusive financial services for small and micro-enterprises, individual industrial and commercial households and residents of small districts, and three rural areas in the county of Wenzhou region, and will provide efficient and differentiated financial services for the development of the real economy. Such a development strategy and market positioning is in a comprehensive consideration of the actual economic and financial development of Wenzhou, market demand and future development space, shareholders characteristics and advantages of the specific circumstances of the independent voluntary proposed.

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Private banks' capital mainly comes from the private sector, which has a stronger pursuit of profit maximization, and if there is no sound regulatory mechanism for effective supervision, private banks often fall into failure due to risk issues. The very important motive for private enterprises to run a bank is to build a capital platform for enterprises and facilitate their financing. Once the associated enterprises have problems and the loans cannot be repaid, the private banks will face huge risks. Private bank deposit funds, like other traditional banks, are protected by deposit insurance regulations and supervised by the CBI, so private bank deposits are relatively safe.

Although private banks may not be as good as traditional state-owned banks and commercial banks in terms of deposit-taking ability and risk control, they are also formally licensed financial institutions and are qualified to take public deposits. However, the general investment direction of private banks is small and micro-enterprises, although there is a relatively large return, but there is also a certain degree of risk. The establishment of private banks is mainly to break the state-owned monopoly of China's commercial banking unit and realize the diversification of financial institutions. Compared with the state-owned banks, private banks have two very important characteristics: autonomy, private banks, including personnel management, management rights are not subject to any government intervention and control, completely by the bank's own decision; private, that is, the private bank's property rights structure is mainly to non-public economic components, and in this way to maximize the prevention of government intervention.

Private bank deposit funds, like other traditional banks, are protected by deposit insurance regulations and supervised by the CBI, so private bank deposits are relatively safe. Although private banks may not be as good as traditional state-owned banks and commercial banks in terms of their ability to solicit deposits and risk control, private banks are also formally licensed financial institutions and are qualified to take public deposits. However, the general investment direction of private banks is small and micro-enterprises, which has a relatively large return, but there is also a certain degree of risk. So when you choose to invest your money in a private bank, you still need to understand the full picture and consider carefully.