BEIJING Cheap Dominic Solanke Jersey , April 3 (Xinhuanet) -- Chinese banks' resilience to the growing popularity of Internet finance has been "so far, so good" and sector change will come as the industry catches the trend, analysts in Hong Kong said.
By the end of March, at least 11 banks had posted annual results. They show continued net-profit growth, 13.9 percent on average in 2013 Cheap Divock Origi Jersey , three percentage points lower than the year before. That's in the limelight of Internet finance.
"Because of rising funding costs, the banking sector saw slower profit growth this year. Margins are narrowing," said Grace Wu, Hong Kong-based analyst of Daiwa Securities Group Inc. "The pressure isn't severe. Chinese banks still enjoy a loan price advantage. We maintain a stable outlook on sector margins this year."
Last June, Yu'ebao Cheap Dejan Lovren Jersey , a money market fund distributed online by Alibaba Group Holding Ltd, raised the curtain on Internet finance's development. It featured flexible redemption and offered above-deposit returns. Investors arrived amid an inter-bank liquidity squeeze in the second half of 2013.
Other Internet companies followed - including Tencent Inc, Baidu Inc and Sina Corp - with similar products, drawing capital away from bank accounts and causing banks' funding costs to rise. By the end of February, China's money market fund had grown to 1.4 trillion yuan ($226.81 billion) Cheap Danny Ward Jersey , 2.5 times bigger than it was in last May.
"People claim Internet finance is a huge challenge to commercial banks," Victor Wang, China banking analyst at Credit Suisse AG, told a forum in Hong Kong. "But in the short term, its impact will be rather limited."
"Number-wise Cheap Danny Ings Jersey , the total AUM (asset under management) of money market bonds is around 1 trillion yuan, which is less than 1 percent compared with Chinese banks' deposit base. Online financing activities, including peer-to-peer lending, are at the infant stage. They are small ticket relative to banks' lending size," he said.
Wang pointed out that a tightening regulatory environment means it's "unlikely" online financial activities will take a bigger market slice from banks.
"The dramatic development of Internet finance is challenging the regulatory framework Cheap Daniel Sturridge Jersey ," he said, adding Yu'ebao now manages 500 billion yuan of 80 million users, or 10 percent of China's economic population. "When a financial product is that big, any responsible regulator has to make sure it is safe and the potential risk of such products can be well-contained."
Although Internet finance is considered too young to challenge banks now, it's an alert that will spur interbank competition Cheap Connor Randall Jersey , analysts said.
"We are going to see meaningful change in the medium to long term," Credit Suisse's Wang said. "Banks have witnessed the trend and realize that Internet finance is a feasible model and a sharp weapon to gain market share. When banks start to compete with each other by leveraging the new technology, the impact created will be much greater than the challenges from external competitors."
He added that banks have lagged behind Internet companies in terms of user experience, accessibility and data bases.
"Ten years from now, the value of physical branches will substantially decline because Cheap Cameron Brannagan Jersey , by then, 99 percent of transactions will be finished online," Wang said. "Banks need to rethink their business model and catch up substantially. This is a great opportunity for the well-run ones to stand out."
(Source: China Daily)
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RIO DE JANEIRO， Aug. 14 (Xinhua) -- Usain Bolt became the first man in history to win the Olympic men's 100 meters race three times as he cruised to victory here on Sunday.
The Jamaican super star， who holds the world record of 9.58 seconds， clocked 9.81 seconds for the gold， adding to the titles he won at Beijing in 2008 and London in 2012.
America's Justin Gatlin， the gold winner in the 2004 Athens Olympics， won the silver in 9.89 seconds and Andre de Grasse of Canada took bronze in 9.91. Enditem
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How to Improve Web Page Rankings Using Backlinks
Author: Michael Porteous
If you are wondering how to improve web page rankings for your site then there are a few things you must know about how search engines work and especially about backlinks. Backlinks are links to your site or pages on your site that comes from another webpage, when search engines like Google find these it shows that your site is popular and therefore worth putting up in ranking however there is more to it than just this.
Backlinks are extremely important to your web page ranking in that they make up about 80% of your web page "score" it is estimated; the more complex issue is that not every backlink is the same! You see search engines look for certain criteria in a website that can prove it is a good site that people may want to look for, it does this by looking for good Cheap Ben Woodburn Jersey , relevant, original content on your pages and this is what makes up the other 20% of your page "rank". This is important to know in regards to backlinks as a backlink from a site that also has a high page rank, good original content and importantly is relevant to your own site. So links from a site about fashion to a site about fashion is better than one from power tools to fashion for instance.
Creating a good set of backlinks is not easy however but because they are so important it is vital that you start cultivating them as soon as possible for your site to become popular and your business to become a success. Some ways of doing this are writing and submitting articles to article websites and linking to your page, submitting your site to web directories and asking other websites to link you. This will take time to achieve but if you want to know how to improve web page rankings then you must get involved in this process.