中国传统银行向互联网投资发起反击
文章来源:未知 文章作者:enread 发布时间:2014-03-02 05:56 字体: [ ]  进入论坛
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China's brick-and-mortar banks are launching a counter-attack against the assault on their business from Alibaba and other Internet heavyweights, in a bid to staunch the outflow of bank deposits into high-yielding online investment products.

为了应对来自阿里巴巴及其他互联网巨头对中国传统银行业务的影响,中国传统银行正发起反击,旨在阻止银行存款外流到高收益率的互联网投资产品。
 
In less than eight months, Alibaba Group Holding Ltd's money market fund, Yu'e Bao, has attracted 400 billion yuan ($66.0 billion) in assets under management, more than the customer deposits held by the five smallest listed Chinese banks.
 
Similar online products from Baidu Inc and Tencent Holdings Ltd also contributed to a fall of one trillion yuan in traditional bank deposits in January.
 
"Yu'e Bao and similar products are posing a very strong competitive challenge to banks," said Zennon Kapron, head of Kapronasia, a finance and technology consultancy based in Hong Kong. "Although the amount of money that (online products) have attracted is still small as a portion of banks' overall deposit base, it's very significant in terms of the speed at which they've grown."
 
Now traditional lenders, initially1 caught flat-footed, are striking back.
 
Industrial and Commercial Bank of China , Bank of China , Bank of Communications and Ping An Bank have all launched new products in recent weeks that match the attractive features of Yu'e Bao.
 
Banks are also lobbying regulators to introduce curbs2 on the growth of on-line funds offered by non-banks.
 
Ultimately, however, competition for deposits will drive up banks' funding costs and crimp profit margins3 this year.
 
As China gradually moves to liberalize deposit interest rates, banks will be forced to compete among themselves to attract customers, which means offering higher yields.
 
The development of new deposit-like money market products designed to compete with online rivals will further accelerate the trend toward higher funding costs.
 
"It's going to negatively affect bank margins. Costs will go up," said May Yan, Asia ex-Japan banks analyst4 at Barclays Capital in Hong Kong.


点击收听单词发音收听单词发音  

1 initially 273xZ     
adv.最初,开始
参考例句:
  • The ban was initially opposed by the US.这一禁令首先遭到美国的反对。
  • Feathers initially developed from insect scales.羽毛最初由昆虫的翅瓣演化而来。
2 curbs 33e58ba55cb8445083b74c118601eb9a     
v.限制,克制,抑制( curb的第三人称单数 )
参考例句:
  • In executing his functions he is not bound by any legal curbs on his power. 在他履行职务时,他的权力是不受任何法律约束的。 来自辞典例句
  • Curbs on air travel were being worked out and would shortly be announced. 限制航空旅行的有关规定正在拟定中,不久即将公布。 来自辞典例句
3 margins 18cef75be8bf936fbf6be827537c8585     
边( margin的名词复数 ); 利润; 页边空白; 差数
参考例句:
  • They have always had to make do with relatively small profit margins. 他们不得不经常设法应付较少的利润额。
  • To create more space between the navigation items, add left and right margins to the links. 在每个项目间留更多的空隙,加左或者右的margins来定义链接。
4 analyst gw7zn     
n.分析家,化验员;心理分析学家
参考例句:
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务?
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
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