subject: Increase the supply of financial services to promote the competition [print this page] Recently, the community bank service charges are very concerned about the problem, develop a wide range of discussion. Because of this, the Governor of the Bank (601398) Yang kaisheng in interim results briefing for the Huaxia times reporter: industrial and commercial bank has been in accordance with the regulatory requirements for completion of all fees and charges, fees and procedures for review of the decision, the corresponding decision by the relevant authorities and shall be reported to the approval of relevant departments, for the record, the row will strictly comply with the requirements of independent pricing project, the Bank first consider is the customer's consumption habits. He also spoke in some areas of cross-border fees rise by $ 2 to $ 4 for a breakdown of "this" just capital, far from profitable. Jiang Jianqing, Chairman of ICBC also elaborated on the four principles of bank charges.
Booking: 4 element zero profit Yang kaisheng pointed out that the banking services in General can be divided into two categories, one category is non-selective, one category is selective. The so-called non-selective is this customer as a bank customer, his service must be in the Ugg Boots. But ATM interbank withdrawal operations should belong to the selective service, because the customer can choose to remove the ICBC ATM, you can also choose in 50 meters away from the Bank's ATM or Bank 600016 on the ATM. For non-select service pricing, must strictly control to minimize the burden on the customer. The optional services pricing, cost factors to consider a little more, because the customer has to protect their own interests, he can choose.
Yang kaisheng Governors to reporters that the ATM interbank withdrawal fees in accordance with the relevant provisions, each cross withdrawals to pay to install ATM machine equipment 3 Yuan, UnionPay 6 cents, plus the cost of child banking probably every pen to 5 cents, down $ 4 fee for withdrawals of tack, the issuing bank is a zero profit. He also said: "the Bank up to now, only 12 provinces and District Branch of the implementation of the 4 bucks for fee-based standards, there are more than two-thirds of the region still perform a 2 dollar charges. Our 2/3 of the branch on a daily basis, probably because interbank payments still pay the cost of our some of our earnings may also will have some impact, but we do not make more Women Boots adjustments. "Journalists from a senior banking professionals also informed that, in the implementation of each $ 2 service fee rates, Bank interbank withdrawal service actually pen to honourarium 1.6 Yuan, in previous years the number of interbank withdrawal sum of the following banks can be self digestion. But over the past few years the bank card business in China, there has been a significant increase in cross-border withdrawals transactions, the Bank has already overburdened.
Increase the supply of financial services to promote the competition Chairman Jiang Jianqing ICBC to journalists on tariff expounded that objectives and principles. First, it is necessary to consider the customer's financial consumer habits and affordability. Second, we should pay special attention to the protection of the customer, particularly low-income groups to enjoy the rights of the Bank of the basic service. Third, according to the law compliance, with clear price of the services strictly in accordance with the project. Fourth, it is necessary to protect commercial institutions boben meager profit to encourage commercial banks increase including equipment and other facilities supply capacity of enthusiasm and initiative, it is necessary to adhere to the market-oriented. He believes that if the improper Cheap Ugg Boots handling can result in adverse selection. For example, in the Government's planned everything, what price is the final result in short supply, market shortages. So the most important thing is to have sufficient financial capacity, and to promote the supply of sufficient competition, culminating in the financial industry price competition, and the ultimate benefit of consumers.
A study on long term banking analyst also noted that in order to promote effective competition in the market, the price of banking services, regulatory authorities should, in principle, on the basis of its own business orientation and cost accounting to develop or adjust. And consumer banking services, you can according to their own needs, in terms of price and service trade-offs between valuable. In fact, after years of innovations in business, now the Bank's service offerings, customers can choose to implement certain requirements of the financial instruments is also increasing.
In his view, under the conditions of market economy, the Ugg Cardy will provide services to customers, some of the costs, should be the appropriate compensation. In business mode, even in the absence of a profit-making, the banks will lose the enthusiasm of the installed ATM machines, loss of the card-issuing bank for the enthusiasm, that customer's service level is not increased but will fall victim to such a result is the end consumers. If the ATM can be available to all customers free of charge, so there will be some waiting for other banks and investment banks building after a ride free. As a result, there would not be willing to set up a Bank ATM machine, finally resulting in supply shortages. So, in conditions of market inefficiencies, accessible only by the Government to provide it. But ATM is a commercial bank channels that do not belong to public goods, so the Government is also not possible to use public resources for bank products. Visible, ATM interbank withdrawal free of charge is a non-rational, logical doesn't conform to the economics of the proposal.
Increase the supply of financial services to promote the competition
