What bank is baixin bank?

Many people have bought baixin bank's wealth management products, such as Smart Village. So, what kind of bank is baixin bank? Baixin bank is a direct selling bank jointly sponsored by China CITIC Bank and Baidu Company. It officially opened in June 20 1 17. Let's give a brief introduction first and see what features this bank has.

Baixin bank is a regular bank.

20 15, 1 1, CITIC Bank and Baidu announced the establishment of baixin bank. 20 16 12, baixin bank was approved by the CBRC to start preparations. 20 17 1 1, approved by the CBRC, baixin bank officially opened.

Baixin bank is a regular bank, and the category of banks approved by CBRC is "commercial banks with restricted licenses". Its full name is "baixin bank Co., Ltd." with a registered capital of 2 billion yuan, which is controlled by CITIC Bank and held by Baidu Company.

Baixin bank is an internet bank.

Baixin bank is an Internet bank with no offline outlets, and most of its business is handled through Internet channels. Baixin bank can open an electronic bank account, and you can deposit money by transferring it to a physical bank account. Baixin bank mainly develops wealth management customers through Internet channels. Its advantages are high expected income and good flexibility of wealth management products, and the operating experience of APP is smoother than that of traditional banks.

Baixin bank is a direct selling bank.

Direct selling banks can also be understood as internet banks. These banks have no business outlets and do not issue physical bank cards. Users mainly obtain banking products and services through the Internet. Baixin bank is the first direct selling bank with independent legal personality in China, followed by CITIC Bank and Baidu Company. With both Internet and financial attributes, its wealth management products are more competitive than traditional banks.