Lenders can rest assured that there will be no impact if the online merchant loan has a limit but is not used, and no loan record will be left on the credit report. However, if the online loan limit is not used for a long time, the limit may be withdrawn by the platform, and it will be troublesome to apply for it in the future.
Even if there is a quota for an online merchant loan, the lender may not necessarily be able to apply for it. When applying for an online merchant loan, the platform will carefully examine the lender’s qualifications. If the lender’s qualifications are not suitable for the loan, Requirements, the loan application will still be rejected.
MyBank is China’s first commercial bank whose core system is based on cloud computing architecture, initiated and established by Ant Group as a major shareholder. As one of the first five private banks in China approved by the China Banking Regulatory Commission, it officially opened on June 25, 2015.
Introduction
MyBank officially opened on June 25, 2015. It is one of the first private banks in China approved by the China Banking Regulatory Commission. MYBank is also the first technology bank to build its core system on the financial cloud and have no offline branches.
Based on the financial cloud computing platform, MYBank has the ability to process highly concurrent financial transactions, massive big data and elastic expansion, taking advantage of the Internet and data technology.
As a bank focused on providing financial services to more small and micro enterprises and individual operators, MYBank’s mission and vision is “meticulous”.
In recent years, technological development has greatly increased the availability of small and micro loans in China. More than 30 million small and micro operators have used contactless loans from MYbank, and their average loan per household does not exceed 40,000, 70% Never received an operating loan from a bank in the past. In the next five years, "building a Chinese-style open bank" is the core strategy of MYbank. Driven by technology, it will further open up to the supply chain, open to rural areas, and open to financial institutions, while adhering to small profits and inclusiveness. MYbank hopes Through practice, it provides new ideas for the development of global open banking.
Preparation for establishment
On September 29, 2014, the China Banking Regulatory Commission announced that it had approved the preparations for the establishment of Zhejiang Online Commerce Bank in Hangzhou, Zhejiang Province.
The China Banking Regulatory Commission stated that the preparatory work should be completed within 6 months from the date of approval, and an application for business opening should be submitted to the local Banking Regulatory Bureau in accordance with relevant regulations and procedures. If the preparation for establishment cannot be completed on time, a preparation extension report shall be submitted to the CBRC one month before the expiration of the preparation period. The preparation for establishment shall not be extended more than once, and the maximum period is 3 months. If the application for business opening is not submitted within the time limit, the establishment approval document will become invalid.
Share Allocation
For Zhejiang Online Bank, the approval showed that Ant Technology Group Co., Ltd. subscribed for 30% of the bank’s total share capital; Shanghai Fosun Industrial Technology Development Co., Ltd. Wanxiang Sannong Group Co., Ltd. subscribed for 18% of the bank's total share capital; Ningbo Jinrun Asset Management Co., Ltd. subscribed for 16% of the bank's total share capital. The shareholder qualifications of other companies with subscription shares accounting for less than 10% of the total share capital shall be reviewed by the Zhejiang Banking Regulatory Bureau in accordance with relevant laws and regulations. Among them, Jinzi Ham (002515) holds 3% of the shares of Zhejiang Online Commerce Bank.