In the people's bank of China announced that Beijing will take the lead in developing financial innovation science and technology supervision pilot a month later, the pilot had substantial progress - on January 14th night, the central bank's official website announced the six proposed into financial supervision pilot application of science and technology innovation, involving the Internet of things, small micro credit, smart banking and mobile POS, etc. The pilot units are from China unionpay, icbc, agricultural bank of China, citic bank, bank of ningbo, baixin bank and other institutions, as well as fintech companies such as xiaomi digital, duxiaoman and jd digital. The six applications are seen as the first batch of pilot fintech projects, after the city's financial regulator proposed the concept of "sandbox regulation" in fintech.
The high profit of cash loan, any player cannot bear to miss. The traditional and conservative rural commercial firm, but also out of the circle of one day.
Consumer finance companies are unable to absorb reserves, and there are certain thresholds for them to issue ABS, financial bonds or inter-bank borrowing to obtain funds, while agricultural commercial Banks can absorb reserves by themselves, which is a greater advantage.
 
Customer must be preferred to choose the banking institutions, "the capital of small Banks will be cheaper than the consumer finance companies 1-2 points".