This move marks the approval of the business license of the first small loan company in the field of e-commerce in China, and the first small loan company in the field of e-commerce is about to be born in Hangzhou. According to the existing policy, the business prospect of small loan companies is village banks, which is also considered as a major move for Alibaba to enter the banking industry.
It is reported that Alibaba Small Loan Company will mainly provide credit services for Taobao sellers, meet the financing needs of sellers to expand their business, and provide financing turnover services in the middle period when goods have been shipped but not received.
According to Alibaba insiders, the amount of each loan is tentatively set at around 1 10,000 yuan, but the specific conditions and processes such as term, repayment and mortgage guarantee are still under internal discussion and are expected to be announced next week.
Previously, Alibaba has cooperated with banks through its Alipay platform to launch microfinance services for SMEs. Alibaba insiders told the National Business Daily that this business of Alipay may be included in the unified arrangement of Alibaba Microfinance Company in the future.
Professor Du Xiaoshan, director of the Rural Economic Research Center of China Academy of Social Sciences, said in an interview that he had never heard of e-commerce small loan companies before, and because he didn't understand their operation details, it is expected that the supervision of such companies by CBRC and Financial Office will be blank.
Du Xiaoshan reminded that according to the existing regulatory regulations, Alibaba small loan companies can only operate with their own funds or raise funds from banks, and the financing ceiling is 50% of the registered capital. If you use Alipay's funds, you are suspected of absorbing public deposits in disguise.