Extended data:
Baixin bank Co., Ltd. is the first direct selling bank in China, initiated by deep cooperation between Internet companies and traditional banks. Established by Baidu and China CITIC Bank on 2015110.08. The main difference between baixin bank Co., Ltd. and existing banks is that it has no offline outlets and provides financial products and banking services through the Internet, which is not limited by time and region. 20 17 1.5. CITIC Bank and Baidu Company received the approval from CBRC and agreed to establish CITIC baixin bank Co., Ltd. in Beijing. 2017165438+10/8, baixin bank officially opened in Beijing.
main feature
Baixin bank Co., Ltd. is the first independent legal person direct selling bank in China, and the "direct selling bank" has appeared in China since 20 13. 20 13 Since September, Minsheng Bank and Bank of Beijing have successively launched direct banking business, and more than 20 banks across the country have launched direct banking business.
Different from existing banks, direct banks mainly provide financial products and banking services through the Internet without offline outlets, which is a strategy adopted by traditional banks to meet the financial challenges of the Internet.
Baixin bank, an independent legal person direct selling bank, can make the direct selling bank's business progress faster. It turns out that within the traditional banking system, there is a conflict between the business of direct selling banks and the traditional banking business, and there are certain obstacles in the business promotion, while the establishment of direct selling banks alone can have institutional and institutional advantages.
Development history
2065438+September 2008, China Internet Finance Association published the first batch of "white list" of depository banks of 25 P2P online lending institutions, and baixin bank was among them.