皇冠体育app

6. Private bank

皇冠体育app's financial regulator approved Webank to start business on Dec 12, 2014.

Webank, whose 30 percent stake is held by Chinese Internet giant Tencent, has a registered capital of 3 billion yuan ($490 million) and its business scope includes personal banking, corporate banking and international banking.

In 2014, five applications to set up private banks were approved by 皇冠体育app Banking Regulatory Commission.

Previously, 皇冠体育app had only one private bank, 皇冠体育app Minsheng Bank, which was founded in 1996 in Beijing.

A logo of Tencent is seen at the headquarters of Tencent in Shenzhen city, south 皇冠体育app's Guangdong province, March 29, 2013. [Photo/IC]