The five companies (
The social networking tool is expected to team up with more securities companies to offer similar services in the future.
"On the one hand, we need to identify the services that can meet the demand of our individual users. On the other hand, we need to help enterprises connect with end-users, matching their services with our users," he told a news conference in
On the same day,
Kingdom Technology will help QQ build the financial service platform to directly link more securities companies with QQ users.
The move is seen as
Yu'ebao, designed to make it easy for
Many Internet companies have followed Yu'ebao's lead by launching wealth management services.
"Through teaming up with technology solutions provider Kingdom,
She said that
"Both of these two companies have great ambitions in Internet finance. And QQ, which has a monthly active user population of more than 800 million, can serve as a great base to promote Internet finance," said Qian.
"However, since people are used to having fun on QQ by chatting with their friends, many may find it difficult to treat it as a serious platform for wealth management," she said.
REPORT: ONLINE FINANCE TO BE REINED IN
As China perfects its regulatory policies, the Chinese Internet finance sector will slowly grow to become a supplementary part of the traditional finance sector, according to a report released by
It quoted Zhang Xiaopu, a policy research official at the
Yang Qingli, managing director of BOCOM, said that the rapid development of the sector stemmed from the regulatory differences between the traditional finance sector and that online, along with China's low interest rate marketization.
When the sector matures, Internet finance will supplement the traditional finance sector, and innovative commercial banks will stand out, Yang said.
"The Internet serves as a channel, and the nature of Internet finance is finance," he said. "The advantage of the channel is that at the beginning, it attracts clients, and risk pricing can be more important then, especially as China promotes the interest rate reforms."
Internet finance includes online third-party payment, peer-to-peer lending, crowdfunding and online wealth management.
Regulating Internet finance is mainly related to the online third-party payments and is looser in
The trading volume of online third-party payments totaled
The asset scale of Yu'ebao, an online financial product launched by Internet giant
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