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数码视讯(300079):业内首家P2P银行存管方案落地

太平洋證券 ·  Aug 9, 2015 00:00  · Researches

Abstract On August 6, 2015, Beijing Digital Video Technology Co., Ltd. announced that its wholly-owned subsidiary Beijing Digital Video Payment Technology Co., Ltd. recently signed a “Comprehensive Business Cooperation Agreement” with the sales department of China CITIC Bank Co., Ltd. The cooperation includes e-commerce payment and settlement services, cross-border e-commerce, fund depository services, joint marketing, cash management services, data value-added services, capital appreciation services, financing and credit, group account cash management, supply chain finance, investment banking services, financial management services, etc. Opinion: The implementation of the industry's first P2P bank depository solution is significant. On July 31, the People's Bank of China officially announced the “Administrative Measures on Online Payment Services of Non-bank Payment Institutions” and the recent joint issuance of “Guiding Opinions on Promoting the Healthy Development of Internet Finance” by 10 ministries and commissions, including the central bank, all indicate that P2P platform funds will eventually be kept by banks as a general trend. However, the actual situation is not optimistic. The reaction of major banks is not positive. On the one hand, because the P2P online lending business is risky, the transaction amount is small, and the frequency of transactions is high, the operating costs of banks will greatly increase if they undertake P2P platforms, and if banks want to independently deposit funds from P2P platforms, they will also need a lot of investment in risk control; on the other hand, it is also more important because it is difficult to meet the needs of the P2P online lending industry based on the banks' current technology and system development progress. The cooperation between Digital Video and China CITIC Bank has launched the first bank depository solution in the P2P online lending industry, which will have profound significance for the subsequent development of depository business in the P2P online lending industry. Improve the P2P online lending business chain and promote the overall improvement of the service capabilities of Internet financial platforms. The company has now carried out business cooperation with more than 600 partners. It has experience in technology development, payment settlement, service response, etc., which can fully guarantee the operation requirements of P2P platforms, solve the current efficiency and cost problems of bank settlement and technology development, and solve the current P2P concerns about operation. The company's Internet finance business has developed rapidly. The cooperation between the company and China CITIC Bank will enable P2P bank fund deposit and bank account issues to be properly solved, improving the P2P online lending chain from technology development, payment settlement, service response, and fund storage. It is conducive to promoting the overall improvement of the company's Internet financial platform service capabilities and further achieving the goal of becoming an innovative leader in the Chinese payment industry. Risk warning: Market promotion falls short of expectations.

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