Online merchant bank is a private bank initiated by Ant Financial and one of the first private banks in China. 20 14 was approved by China Banking Regulatory Commission on September 29th, and officially opened on June 25th, 20 15. From the perspective of share capital composition, Ant Financial is the largest shareholder, accounting for 30% of the shares; Shanghai Fosun Industrial Technology Development Co., Ltd. holds 25% of the shares; Wanxiang Sannong Group Co., Ltd. holds shares 18%.
As of 20 18, Jing Xiandong, who graduated from the EMBA of Carlson School of Management of the University of Minnesota, was the chairman of the online merchant bank, Yu Shengfa was the president and Zhao Weixing was the vice president. With the development of Internet finance, online merchant banks are playing an important role.