Why Gates and other giants predicted the demise of banks?

In the recently held Zheshang Conference, Jack Ma once again for "bombardment of the bank" remarks to become one of the focus of the figure. He talked about financial reform, bluntly said that the bank did not play a good role in the hands of the license, "rely on today's mechanism, I do not believe that can also support the financial system after 30 years after the need for China". The death of banks and even the demise of the entire banking industry has been a global topic. Bill Gates once said, "If the traditional banks don't change, they're a bunch of dinosaurs that are going to die out in the 21st century." This seems to be contrary to the status of China's banking industry being "envied and hated" in recent years. But in fact, the truth is not, and a range of factors are biting into the banks' food chain. Below, we look at those who have predicted the demise of the banking industry and see how the banking dinosaur may be going extinct. See these remarks, bankers are not going to sleep all night?1, Bill Gates: banks are a group of 21st century to extinction of the dinosaurs extinction path: interest rate marketization, financial disintermediation of the Bill Gates of this sentence is widely spread. China Merchants Bank President Ma Weihua said, Bill Gates said that this sentence has given itself a great stimulus. Bill Gates said the background of this sentence is the United States to complete the marketization of interest rates, financial disintermediation, so that the United States collapsed, bankruptcy and reorganization of the number of banks close to two-thirds of the previous. In the United States in the process of financial disintermediation, commercial banks were once considered no longer necessary. Pay-Pal, founded in 1998, has more than 110 million active registered accounts and is used in 190 countries and regions around the world in 25 currencies. In terms of financial products, it provides a variety of services and products including deferred payment, buyer's credit, credit cards, money market funds, etc., and has formed a strong alternative to banks in the United States in the relevant business. Interest rate marketization, on the other hand, has made the model of relying on deposit and loan spreads to survive unviable. China has not realized the marketization of interest rates, which is China's banking industry in the global banking downturn under the background to be able to survive the reason. 2, Li Daokui: only eat without pulling will become dinosaurs Dinosaurs will surely extinction extinction path: the bank squeezes the entity of the commercial bank's profits and scale has been growing, the development of the situation is very good. But Li Daokui said commercial banks on the surface of the high profits, in fact, a big problem. Play an ungainly analogy - "only eat not pull", the more you grow bigger and bigger, fat, become "dinosaurs", eat the people's savings, and then put loans, get 20% growth every year. Commercial banks now account for 20% of the market value of the stock market, but also refinancing, which is a very big risk to the financial system. Moreover, the high profits of commercial banks actually squeezed the profits of the real economy. "Commercial banks get big and become dinosaurs, dinosaurs will definitely die out." Li Daokui said. 3, Liu Jipeng: bank listing financing model will lead to dinosaur extinction extinction path: listing financing "How did the dinosaurs go extinct? It has bitten off the food chain of the natural world, in fact, should consider if the bank listing financing this issue is no longer analyzed, our banks are still towards this path, this path is really to the dinosaur-style extinction." Liu Jipeng, director of the Capital Research Center of China University of Political Science and Law, expressed it this way. He believes that the bank's listed financing is a "black hole". In order to control the systemic risk of banks, we put forward a prudent monetary policy, the purpose is to reduce bank credit, but now we have to give the bank financing. Banks listed in such a large amount, at the same time the world's four largest banks are in China, a listed banks do not move three or four hundred billion in equity, in the current policy and more and more dependent on the four major banks, the implementation of prudent or tight monetary policy banks are also victims. Liu Jipeng suggested that the demolition of the four major banks to set up a bank holding group. 4, Ma Yun: the existing financial system is not enough to support the extinction of the 30-year path: Internet finance in the recent Zheshang Conference, Ma Yun, when talking about financial reform, said that the bank did not play a good role in the hands of the license, "relying on today's mechanism, I don't believe that can also support the financial system that China needs after 30 years! ", and said he hoped to use the big data of the Internet to transform the banking industry. Ma said Alibaba is not in the business of finance, but in building a reliable credit system. "The Internet has a huge amount of data, and what China lacks today is a banking transformation. What China lacks is a dynamic and accurate credit system, and we are making such a credit system. In our eyes, there is no difference between large and small, state-owned and private enterprises, only credit and no credit." A few days ago, Alipay Holdings Tianhong Fund triggered the vibration of the financial industry. Compared with traditional commercial bank financial products, the liquidity and flexibility of the balance treasure is amazing. Users can not only buy small amounts, "one dollar entry", more can be redeemed at any time the fund for consumer payments and transfer out. The cumulative transfer of funds within 18 days of the launch was 6.601 billion yuan!