AT A GLANCE
THE FIVE RECENTLY APPROVED PRIVATE BANKS:
Jincheng Bank
Location: Tianjin
Registered capital: 5 billion yuan
Major shareholders:
Tianjin Huabei Group (20%)
Maigou (Tianjin) Group (18%)
Specializes in: Local corporate clients
Minshang Bank
Location: Wenzhou, Zhejiang
Registered capital: 2 billion yuan
Major shareholders:
Chint Group Corp (29%)
Huafeng Group (20%)
Specializes in:
Small enterprises, individually owned businesses, community residents and county-level rural financial services
Webank
Location: Qianhai Bay Economic Zone in Shenzhen, Guangdong
Registered capital: 3 billion yuan
Major shareholders:
Tencent Holdings (30%)
Shenzhen Liye Group (20%)
Shenzhen Baiyetuan Investment (20%)
Specializes in:
Micro and small enterprises, individual consumers
MYbank
Location: Hangzhou, Zhejiang
Registered capital: 4 billion yuan
Major shareholders:
Zhejiang Ant Small & Micro Financial Services Group (30%), finance arm of Alibaba Group Holding
Shanghai Fosun Industrial Technology Development (25%)
Wanxiang Sannong Group (18%)
Ningbo Jinrun Asset Management (16%)
Specializes in:
Micro and small e-commerce enterprises, individual consumers, 200,000 yuan and below deposit products, 5 million yuan and below loans
Shanghai Huarui Bank
Location: Shanghai
Registered capital: N/A
Major shareholders:
Juneyao Group (30%)
Shanghai Metersbonwe Fashion and Accessories Co Ltd (15%)
Specializes in:
Small and medium enterprises
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