Commercial banks auction stock rights and NPA on Taobao   

借互聯(lián)網(wǎng)平臺(tái)拍賣股權(quán) 淘寶成商業(yè)銀行跳蚤市場

逛逛淘寶就能購買抵押給銀行的房產(chǎn)，也能搖身一變成為銀行股東。在網(wǎng)購潮流持續(xù)風(fēng)靡的今天，不少商業(yè)銀行通過網(wǎng)絡(luò)進(jìn)行股權(quán)拍賣或處置不良資產(chǎn)。有錢任性的土豪們可以在拍賣中撿漏，成為銀行股東享受分紅，也可以用更低的價(jià)格購買房產(chǎn)。 [查看全文]

(ECNS) -- Online shoppers can buy foreclosed collaterals or become shareholders of commercial banks via Taobao, China's largest online marketplace, Beijing Business Today reported Friday.

Recently, Bank of Wenzhou concluded an online auction of its 148,281 shares at 834,500 yuan ($133,436), nearly 5.63 yuan per share, and 75.86 percent higher than assessed.

With a long waiting list for initial public offerings, many rural and urban commercial banks like Bank of Wenzhou are resorting to online shopping platform Taobao to auction their share rights.

China Minsheng Bank's branch in Shanghai has been offering for sale foreclosed properties at between 2.25 million yuan and 9.5 million yuan, but so far no one has signed up for the auction.

Analysts warn that there was not enough publicity before the auctions, so people are largely unaware that non-performing assets (NPAs) can be bought online.

A Taobao staff member said any member who has registered their real names on Alipay and paid a required deposit is eligible to take part in auctions offered by banks on its site.

Apart from deposits, one-off payments within three to 10 days of the auction closing is required for buyers of foreclosed houses; those who cannot meet this requirement will lose their deposits, it was added.

One insider thinks that disposing of NPAs on the Taobao website brings high transparency to the market and is in accord with transaction rules pertaining to openness, fairness, and justness alongside honesty and credibility.

Traditional offline auctions are not time and cost effective, with many assets sold at low prices, sometimes even lower than the loans; banks often find themselves in a disadvantaged position by letting a third-party dominate the handling of these assets, it was further noted.