Frankfurt Starts RMB Clearing Bank

26 days, Frankfurt The RMB clearing bank has been officially launched in Frankfurt, Germany, the European Financial City, and has become another milestone in the internationalization of RMB. The bank's functions include Opening Renminbi accounts for other banks and enterprises, and handling euro and renminbi businesses. German and Chinese enterprises and enterprises in the whole euro area will benefit from it, because the simpler the currency settlement is, the more active bilateral economic exchanges will be.

Ali private bank or approved before the end of September

Yesterday, Yu Shengfa, vice president of the small and micro financial services group (chip), first appeared in front of the media, and revealed that the private banks with small and micro gold shares will formally submit all the documents of the Preparatory Bank in the near future. They are expected to be approved before the end of September.

In July of this year, CBRC The three private banks have been formally approved to apply for the establishment of the project. They are: Tencent, the source of the business, and the sponsors of the establishment of the industry. In Qianhai, Shenzhen, Guangdong, the Qianhai micro public bank is set up. CHINT, Huafeng are the initiators, Wenzhou civil and commercial banks are set up in Wenzhou City, Zhejiang, and the North China and Mai Mai are the sponsors, and Tianjin city bank is set up in Tianjin city. Alibaba is not on the list.

In this regard, Yu Shengfa reiterated yesterday that the reason why he did not enter the list of the first batch of approved private banks was mainly due to "carrying out their own rhythm, and having special characteristics relative to other private banks, and the scheme certification and communication are more complicated". Yu Shengfa said that the main reason is that the mode of operation is small deposits and small loans, that is, the deposit ceiling is 200 thousand yuan, the loan ceiling is 1 million yuan, the service customers are small and medium enterprises, and they want to be more autonomous by Internet. This may be different from other private banks. At present, small and micro gold clothing and Vientiane group are confirmed shareholders. Shareholder The list and shareholding ratio are not being disclosed in the process of examination and approval.