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What is Weizhong Bank?
Weizhong Bank is an Internet bank established by Tencent. At present, there are only two internet banks in China, one is Tencent's Weizhong Bank and the other is Alibaba's online merchant bank. These two online banks were established with the approval of China Banking and Insurance Regulatory Commission.

Weizhong Bank, the first private bank in China, obtained the financial license issued by Shenzhen Banking Regulatory Bureau in February 20 14, and was founded by many well-known enterprises such as Tencent, Baiyeyuan and Liye. Weizhong Bank has been committed to providing differentiated, characteristic, high-quality and convenient financial services for the general public and small enterprises on the basis of strict compliance with national financial laws, regulations and regulatory policies and steady development. To sum up in simple words, Weizhong Bank has deposits and loans mainly for individuals and small and micro enterprises; Handle domestic and international settlement and bill acceptance discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds and financial bonds; Engage in interbank lending; Buying and selling, acting as an agent to buy and sell foreign exchange; Engaged in bank card business; Providing letter of credit services and guarantees; Acting for payment and insurance agency business; Provide safe deposit box service; Fund sales; Other businesses approved by the banking regulatory agency and relevant departments.