Analysis Of The Development Of Private Banks In China

The establishment of We bank create a great sensation. It is an important aspect of financial reform.It marks the financial reform enter a substantive stage. The establishment of We bank is the history of a milepost in the development of China’s financial. The establishment of private banks is the key part of financial reform. The public has very high expectation. It makes the composition of financial system more reasonable. The stability of the financial ecosystem also increases. Traditional commercial banks will be forced to through the improvement of operation efficiency, product innovation to meet the challenge. In this way, the whole bank the efficiency and service level of the industry will be improved.Although the private capital granted a banking license, the development of private banks is not easy. We bank mainly through the credit system of the assessment data and the facial recognition technology to judge loans to customers. The bank will set up a small amount of business counter and shop, most of its business through the network. And because there is no geographical restrictions, so We bank customers can throughout the world any corner. This new model has both advantages and disadvantages, A lot of problems still need to explore.My paper carry on the basis. In the first part,it describes the background and process of We bank. The second part, highlight the advantages for the development of We bank through the horizontal comparison between the We banks and other private banks. The third part deals the realistic significance of the establishment of We bank. In the fourth part, it explains the We bank’s risk and challenge. In the last part,it put forward suggestions for the development of the private bank in our country.