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san
2020-11-03
美国打压中国企业也罢了,国人还不断桶刀子。。鼠目寸光的这些猪队友一定会成为历史的耻辱
蚂蚁的光荣与代价:最大IPO,最强紧箍咒
san
2020-11-03
可惜遇到了鼠目寸光的猪队友,多好的一次造就国际名声的机会,多好的一次机会让祖国的强大展示在世人面前,,美国打压也也罢了,自己人还桶刀子。。
抱歉,原内容已删除
san
2020-10-15
$阿里巴巴-SW(09988)$
基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益
san
2020-10-15
$阿里巴巴(BABA)$
基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益
san
2020-10-15
基本算利空出尽了,蚂蚁海外业务不到百分之5,,这事让他越早落实,越对未来上市股票有益
美国拟将蚂蚁集团列入黑名单 阿里港股跌幅扩大至3%
san
2020-10-09
无论哪个时间点卖都是卖早了。。。这是很多人心中的疼,切记一定要做时间的朋友
抱歉,原内容已删除
san
2020-10-09
好事,有机构愿意以这个价格接手,说明看好后市
鸿海子公司以每股ADS 295.84美元的价格卖出1.864亿美元阿里巴巴股份
san
2020-10-08
$阿里巴巴(BABA)$
盘前成交了五亿,前所未有,未来可期
san
2020-09-21
$阿里巴巴(BABA)$
基本是跌不动了,,这个价位上车应该是机遇远大于风险了,
san
2020-09-13
这种段位的人了怎么还会这样口不择言。。。隐私安全完全是重雷区,这也能脱口而出。
抱歉,原内容已删除
san
2020-09-06
2025年前蚂蚁过万亿美金妥妥的
抱歉,原内容已删除
san
2020-09-04
$阿里巴巴(BABA)$
买,蚂蚁两个月内上市,现在买大概率赚钱,调整是最好的介入机会
san
2020-08-31
$阿里巴巴(BABA)$
蚂蚁集团上市加速跑:科创板IPO审核状态变更为“已问询”350可期
san
2020-08-20
不怕外部因素,最烦的就是自己人咬。。。能出一个国际化公司不容易,国人更多的是应该支持
国内激烈厮杀之际,阿里巴巴业绩因特朗普再添一重威胁
san
2020-08-17
$阿里巴巴(BABA)$
$阿里巴巴-SW(09988)$ 极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复
san
2020-08-17
$阿里巴巴-SW(09988)$
极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复
san
2020-08-07
$阿里巴巴(BABA)$
蚂蚁上市在即,任何一次调整都是机会,,哪怕退出美股,也可回归港股 阿里早就预料之中了
san
2020-08-03
监管部门应该全力支持蚂蚁走向世界。。
官宣沪港两地上市不到10天,蚂蚁集团突遭达摩克利斯之剑悬颈
san
2020-07-22
$阿里巴巴(BABA)$
任何一次调整都是机会
san
2020-07-10
$阿里巴巴(BABA)$
这次蚂蚁可能真的要上市了,
去老虎APP查看更多动态
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10:47","market":"hk","language":"zh","title":"蚂蚁的光荣与代价:最大IPO,最强紧箍咒","url":"https://stock-news.laohu8.com/highlight/detail?id=1193785921","media":"新金融琅琊榜","summary":"对蚂蚁而言,当前营收与盈利贡献最重要的微贷业务,被迫银行化了。","content":"<p>作者:董云峰</p><p>对蚂蚁而言,当前营收与盈利贡献最重要的微贷业务,被迫银行化了。在我们看来,监管部门并没有做错什么,马云的呼喊也并非没有道理。只不过,无论企业还是监管者,都无法完全跨越或者跳脱其所处的时代。</p><p>昨天是炸裂的一天。</p><p>我们所亲历的历史,大概比所有剧本都要精彩。</p><p>史上最大IPO即将诞生,史上最强的新金融监管政策亦揭开面纱。</p><p>蚂蚁集团,在加冕A股股王的同时,也将戴上紧箍咒。</p><p>而事情或许没那么糟糕。</p><p><b>01</b></p><p>10月24日,蚂蚁确定IPO定价的第二天,马云在外滩金融峰会上“火力全开”。</p><p>他当着众多高级官员的面,毫不客气地批评银行过度依赖抵押物,批评监管不能用昨天的办法管未来,批评巴塞尔协议像一个老年人俱乐部。</p><p>针对马云的言论,金融监管系统展开了一连串的反击,直接或间接,实名或化名,从央行、银保监会到金融委,从在职官员到退休官员。</p><p>高潮发生在昨日晚间,证监会网站发布了一条题为《四部门联合约谈蚂蚁集团有关人员》的新闻稿,只有短短65个字:</p><p>11月2日,中国人民银行、中国银保监会、中国证监会、国家外汇管理局对蚂蚁集团实际控制人马云、董事长井贤栋、总裁胡晓明进行了监管约谈。</p><p>表面上,似乎是马云的激进言论,惹怒了监管部门,这才有后面这些监管动作。</p><p>如此推论,当然是荒谬的,低估了马云,更低估了监管部门。</p><p>人们感到匪夷所思的是,在蚂蚁上市已经落定的情况下,马云为什么以前所未有的尺度,在公开场合向监管部门“开炮”?</p><p>同样于11月2日晚间公布的《网络小额贷款业务管理暂行办法(征求意见稿)》(下称《征求意见稿》)给出了答案。</p><p><b>02</b></p><p>微贷业务是蚂蚁当前最重要的业务之一,该项业务主要通过旗下小贷公司展开。</p><p>招股书显示,蚂蚁是中国最大的线上消费信贷和小微经营者信贷平台。截至今年6月末,蚂蚁平台促成的消费信贷余额为17,320亿元、小微经营者信贷余额为4,217亿元,合计超过2.1万亿元。</p><p>按照《征求意见稿》,网络小贷公司必须经银保监会批准才能在全国范围内开展网络贷款业务,极个别大型的网络小贷公司,将由银保监会而不是地方金融监管部门全面管辖。</p><p>真正的要害是杠杆率,也就是资本金问题。《征求意见稿》规定:</p><p>经营网络小额贷款业务的小额贷款公司通过银行借款、股东借款等非标准化融资形式融入资金的余额不得超过其净资产的1倍;通过发行债券、资产证券化产品等标准化债权类资产形式融入资金的余额不得超过其净资产的4倍。</p><p>在单笔联合贷款中,经营网络小额贷款业务的小额贷款公司的出资比例不得低于30%。</p><p>上述两条规定叠加起来,直接卡死了杠杆率,使得网络小贷的监管标准全面向银行看齐。</p><p>目前,蚂蚁与约100家银行合作伙伴合作开展业务,同时也与信托公司合作。在蚂蚁所促成的贷款中,大概98%的贷款由金融机构合作伙伴进行实际放款或已实现资产证券化。</p><p>翻译过来就是,这2.1万亿元贷款余额,反映在蚂蚁自身的资产负债表当中的,仅有400亿元左右(不含网商银行的700亿元贷款余额)。</p><p>另一方面,截至6月末,蚂蚁旗下两家小贷公司实收资本合计160亿元,净资产合计358.24亿元;同期蚂蚁集团总资产3158.98亿元,净资产2149.31亿元。</p><p>根据金融监管研究院的分析,如果将蚂蚁出资比例提高到30%,意味着同样驱动1.8万亿联合贷款,需要至少5400亿元表内贷款,外加1700亿元ABS,总计需要通过蚂蚁小贷放款7100亿。而根据表内贷款最多5倍杠杆的原则,蚂蚁小贷资本金需要扩充到1400亿元的规模。</p><p>也就是说,蚂蚁需要补充的资本金很可能超过1000亿元。</p><p>对蚂蚁而言,当前营收与盈利贡献最重要的微贷业务,被迫银行化了。而这或许是马云最不希望发生的事情。</p><p><b>03</b></p><p>马云不是在“开炮”,而是在呼喊。</p><p>网络小贷关系重大,《征求意见稿》是此前长期博弈之后的结果。在出席外滩金融峰会之前,马云早就知悉了相关内容。</p><p>马云必须接受的是,蚂蚁加冕的代价,就是接受最强的监管。</p><p>通过此次A+H上市,蚂蚁筹资规模将达到350亿美元,创下史上最大IPO记录。仅以发行价计算,蚂蚁有望超越贵州茅台,成为A股股王。</p><p>与此同时,一旦网络小贷监管落地,按照存量信贷业务的资本补充需求计算,蚂蚁需要消耗接近一半的募集资金。</p><p>真正的挑战是未来,蚂蚁微贷科技平台的扩张空间被束缚住了。</p><p>需要指出的是,蚂蚁与监管的博弈仍未结束,这份网络小贷的监管文件还在征求意见阶段,一切尚有变数。不管是马云的“开炮”,还是监管部门的反击,都是这场博弈的一部分。</p><p>或许我们不必那么悲观,从历史上来看,蚂蚁与监管的博弈,无论看似多么激烈,最后的结果都并不坏。</p><p>不吹不黑,所有新金融从业者都应该感谢马云和蚂蚁的探险。从移动支付到金融科技,他们所作出的历史贡献都是巨大的。</p><p>然而,一切新金融,归根到底还是金融,金融监管的创新是有边界的。在现阶段,蚂蚁必须接受当代金融监管的主流标准。</p><p>在新金融琅琊榜看来,监管部门并没有做错什么,马云的呼喊也并非没有道理。只不过,无论企业还是监管者,都无法完全跨越或者跳脱其所处的时代。</p><p>此外,可以预期的是,一旦网络小贷新政落地,将倒逼蚂蚁加速向非金融领域的创新业务拓展。</p><p>失之东隅,收之桑榆。从长远来看,这未必是坏事。</p>","source":"lsy1586849191071","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n蚂蚁的光荣与代价:最大IPO,最强紧箍咒\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-11-03 10:47 北京时间 <a href=https://finance.sina.com.cn/tech/2020-11-03/doc-iiznctkc9180349.shtml><strong>新金融琅琊榜</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者:董云峰对蚂蚁而言,当前营收与盈利贡献最重要的微贷业务,被迫银行化了。在我们看来,监管部门并没有做错什么,马云的呼喊也并非没有道理。只不过,无论企业还是监管者,都无法完全跨越或者跳脱其所处的时代。昨天是炸裂的一天。我们所亲历的历史,大概比所有剧本都要精彩。史上最大IPO即将诞生,史上最强的新金融监管政策亦揭开面纱。蚂蚁集团,在加冕A股股王的同时,也将戴上紧箍咒。而事情或许没那么糟糕。0110月...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/2020-11-03/doc-iiznctkc9180349.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fa39144d12709e38a4d1326c61b094d0","relate_stocks":{},"source_url":"https://finance.sina.com.cn/tech/2020-11-03/doc-iiznctkc9180349.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193785921","content_text":"作者:董云峰对蚂蚁而言,当前营收与盈利贡献最重要的微贷业务,被迫银行化了。在我们看来,监管部门并没有做错什么,马云的呼喊也并非没有道理。只不过,无论企业还是监管者,都无法完全跨越或者跳脱其所处的时代。昨天是炸裂的一天。我们所亲历的历史,大概比所有剧本都要精彩。史上最大IPO即将诞生,史上最强的新金融监管政策亦揭开面纱。蚂蚁集团,在加冕A股股王的同时,也将戴上紧箍咒。而事情或许没那么糟糕。0110月24日,蚂蚁确定IPO定价的第二天,马云在外滩金融峰会上“火力全开”。他当着众多高级官员的面,毫不客气地批评银行过度依赖抵押物,批评监管不能用昨天的办法管未来,批评巴塞尔协议像一个老年人俱乐部。针对马云的言论,金融监管系统展开了一连串的反击,直接或间接,实名或化名,从央行、银保监会到金融委,从在职官员到退休官员。高潮发生在昨日晚间,证监会网站发布了一条题为《四部门联合约谈蚂蚁集团有关人员》的新闻稿,只有短短65个字:11月2日,中国人民银行、中国银保监会、中国证监会、国家外汇管理局对蚂蚁集团实际控制人马云、董事长井贤栋、总裁胡晓明进行了监管约谈。表面上,似乎是马云的激进言论,惹怒了监管部门,这才有后面这些监管动作。如此推论,当然是荒谬的,低估了马云,更低估了监管部门。人们感到匪夷所思的是,在蚂蚁上市已经落定的情况下,马云为什么以前所未有的尺度,在公开场合向监管部门“开炮”?同样于11月2日晚间公布的《网络小额贷款业务管理暂行办法(征求意见稿)》(下称《征求意见稿》)给出了答案。02微贷业务是蚂蚁当前最重要的业务之一,该项业务主要通过旗下小贷公司展开。招股书显示,蚂蚁是中国最大的线上消费信贷和小微经营者信贷平台。截至今年6月末,蚂蚁平台促成的消费信贷余额为17,320亿元、小微经营者信贷余额为4,217亿元,合计超过2.1万亿元。按照《征求意见稿》,网络小贷公司必须经银保监会批准才能在全国范围内开展网络贷款业务,极个别大型的网络小贷公司,将由银保监会而不是地方金融监管部门全面管辖。真正的要害是杠杆率,也就是资本金问题。《征求意见稿》规定:经营网络小额贷款业务的小额贷款公司通过银行借款、股东借款等非标准化融资形式融入资金的余额不得超过其净资产的1倍;通过发行债券、资产证券化产品等标准化债权类资产形式融入资金的余额不得超过其净资产的4倍。在单笔联合贷款中,经营网络小额贷款业务的小额贷款公司的出资比例不得低于30%。上述两条规定叠加起来,直接卡死了杠杆率,使得网络小贷的监管标准全面向银行看齐。目前,蚂蚁与约100家银行合作伙伴合作开展业务,同时也与信托公司合作。在蚂蚁所促成的贷款中,大概98%的贷款由金融机构合作伙伴进行实际放款或已实现资产证券化。翻译过来就是,这2.1万亿元贷款余额,反映在蚂蚁自身的资产负债表当中的,仅有400亿元左右(不含网商银行的700亿元贷款余额)。另一方面,截至6月末,蚂蚁旗下两家小贷公司实收资本合计160亿元,净资产合计358.24亿元;同期蚂蚁集团总资产3158.98亿元,净资产2149.31亿元。根据金融监管研究院的分析,如果将蚂蚁出资比例提高到30%,意味着同样驱动1.8万亿联合贷款,需要至少5400亿元表内贷款,外加1700亿元ABS,总计需要通过蚂蚁小贷放款7100亿。而根据表内贷款最多5倍杠杆的原则,蚂蚁小贷资本金需要扩充到1400亿元的规模。也就是说,蚂蚁需要补充的资本金很可能超过1000亿元。对蚂蚁而言,当前营收与盈利贡献最重要的微贷业务,被迫银行化了。而这或许是马云最不希望发生的事情。03马云不是在“开炮”,而是在呼喊。网络小贷关系重大,《征求意见稿》是此前长期博弈之后的结果。在出席外滩金融峰会之前,马云早就知悉了相关内容。马云必须接受的是,蚂蚁加冕的代价,就是接受最强的监管。通过此次A+H上市,蚂蚁筹资规模将达到350亿美元,创下史上最大IPO记录。仅以发行价计算,蚂蚁有望超越贵州茅台,成为A股股王。与此同时,一旦网络小贷监管落地,按照存量信贷业务的资本补充需求计算,蚂蚁需要消耗接近一半的募集资金。真正的挑战是未来,蚂蚁微贷科技平台的扩张空间被束缚住了。需要指出的是,蚂蚁与监管的博弈仍未结束,这份网络小贷的监管文件还在征求意见阶段,一切尚有变数。不管是马云的“开炮”,还是监管部门的反击,都是这场博弈的一部分。或许我们不必那么悲观,从历史上来看,蚂蚁与监管的博弈,无论看似多么激烈,最后的结果都并不坏。不吹不黑,所有新金融从业者都应该感谢马云和蚂蚁的探险。从移动支付到金融科技,他们所作出的历史贡献都是巨大的。然而,一切新金融,归根到底还是金融,金融监管的创新是有边界的。在现阶段,蚂蚁必须接受当代金融监管的主流标准。在新金融琅琊榜看来,监管部门并没有做错什么,马云的呼喊也并非没有道理。只不过,无论企业还是监管者,都无法完全跨越或者跳脱其所处的时代。此外,可以预期的是,一旦网络小贷新政落地,将倒逼蚂蚁加速向非金融领域的创新业务拓展。失之东隅,收之桑榆。从长远来看,这未必是坏事。","news_type":1},"isVote":1,"tweetType":1,"viewCount":3192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":306495152,"gmtCreate":1604443929876,"gmtModify":1703833126669,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"可惜遇到了鼠目寸光的猪队友,多好的一次造就国际名声的机会,多好的一次机会让祖国的强大展示在世人面前,,美国打压也也罢了,自己人还桶刀子。。[喷血] ","listText":"可惜遇到了鼠目寸光的猪队友,多好的一次造就国际名声的机会,多好的一次机会让祖国的强大展示在世人面前,,美国打压也也罢了,自己人还桶刀子。。[喷血] ","text":"可惜遇到了鼠目寸光的猪队友,多好的一次造就国际名声的机会,多好的一次机会让祖国的强大展示在世人面前,,美国打压也也罢了,自己人还桶刀子。。[喷血]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/306495152","repostId":"1123530862","repostType":2,"isVote":1,"tweetType":1,"viewCount":2318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":309585092,"gmtCreate":1602733841016,"gmtModify":1703827664341,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益","listText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益","text":"$阿里巴巴-SW(09988)$基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/309585092","isVote":1,"tweetType":1,"viewCount":2482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":309582737,"gmtCreate":1602733823029,"gmtModify":1703827664169,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益","text":"$阿里巴巴(BABA)$基本算利空出尽了,蚂蚁海外业务不到百分之5,,所谓加入黑名单这事让他越早落实,越对未来上市股票有益","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/309582737","isVote":1,"tweetType":1,"viewCount":3106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":309582524,"gmtCreate":1602733764368,"gmtModify":1703827663823,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"基本算利空出尽了,蚂蚁海外业务不到百分之5,,这事让他越早落实,越对未来上市股票有益","listText":"基本算利空出尽了,蚂蚁海外业务不到百分之5,,这事让他越早落实,越对未来上市股票有益","text":"基本算利空出尽了,蚂蚁海外业务不到百分之5,,这事让他越早落实,越对未来上市股票有益","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/309582524","repostId":"2075739925","repostType":2,"repost":{"id":"2075739925","kind":"news","pubTimestamp":1602732919,"share":"https://www.laohu8.com/m/news/2075739925?lang=&edition=full","pubTime":"2020-10-15 11:35","market":"sh","language":"zh","title":"美国拟将蚂蚁集团列入黑名单 阿里港股跌幅扩大至3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2075739925","media":"新浪科技","summary":"新浪科技讯 10月15日上午消息,阿里巴巴港股跌幅扩大至3%,截至发稿,阿里巴巴跌3.16%报288.20港元。据外媒引述知情人士称,美国国务院已向白宫提交建议,将阿里巴巴旗下的蚂蚁集团列入贸易黑名单,此举恐使蚂蚁集团的上市计划受阻。","content":"<html><body><img src=\"http://image.sinajs.cn/newchart/hk_stock/min_660/09988.gif?market=hk&symbol=09988&t=1602733168\"/><div><img src=\"http://k.sinaimg.cn/n/tech/transform/171/w630h341/20201015/50ce-kaqzmiv4512509.png/w720fin.jpg\"/></div><p><a href=\"https://laohu8.com/S/SINA\">新浪</a>科技讯 10月15日上午消息,<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>港股跌幅扩大至3%,截至发稿,阿里巴巴跌3.16%报288.20港元。</p><p>据外媒引述知情人士称,美国国务院已向白宫提交建议,将阿里巴巴旗下的蚂蚁集团列入贸易黑名单,此举恐使蚂蚁集团的上市计划受阻。</p></body></html>","source":"sina_symbol","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美国拟将蚂蚁集团列入黑名单 阿里港股跌幅扩大至3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; 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href=http://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2020-10-15/doc-iiznezxr6085001.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>新浪科技讯 10月15日上午消息,阿里巴巴港股跌幅扩大至3%,截至发稿,阿里巴巴跌3.16%报288.20港元。据外媒引述知情人士称,美国国务院已向白宫提交建议,将阿里巴巴旗下的蚂蚁集团列入贸易黑名单,此举恐使蚂蚁集团的上市计划受阻。</p>\n\n<a href=\"http://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2020-10-15/doc-iiznezxr6085001.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0ab73d4839815061f74e1b7e0b7675b7","relate_stocks":{"BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"http://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2020-10-15/doc-iiznezxr6085001.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2075739925","content_text":"新浪科技讯 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18:23","market":"us","language":"zh","title":"国内激烈厮杀之际,阿里巴巴业绩因特朗普再添一重威胁","url":"https://stock-news.laohu8.com/highlight/detail?id=2060913661","media":"彭博Bloomberg","summary":"美国总统唐纳德·特朗普正威胁对更多中国公司采取对TikTok那样的制裁。巨头阿里巴巴很可能成为下一个目标。但目前而言,这家互联网巨头面临的更大挑战来自国内。白宫的打击可能给这家横跨网购、外卖和互联网计","content":"<html><body><article><p>美国总统唐纳德·特朗普正威胁对更多中国公司采取对TikTok那样的制裁。巨头<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>很可能成为下一个目标。但目前而言,这家互联网巨头面临的更大挑战来自国内。</p><p><strong>白宫的打击可能给这家横跨网购、外卖和互联网计算等多个领域的6,990亿美元左右的帝国构成威胁,然而,更加迫在眉睫的挑战来自于国内日益激烈的竞争。</strong>在阿里巴巴长期占据主导地位的中国电子商务市场,<a href=\"https://laohu8.com/S/JD\">京东</a>和<a href=\"https://laohu8.com/S/PDD\">拼多多</a>正稳步蚕食市场份额,而在社交零售渠道,自从新冠疫情刺激网购需求后,<a href=\"https://laohu8.com/S/00700\">腾讯</a>和字节跳动正以前所未有的力度争夺商家和消费者。</p><p>得益于严格的疫情控制措施以及工业产出和消费者信心反弹,中国经济摆脱疫情影响后的复苏速度走在世界前列。排名第二的网购平台京东受此提振,营收和新客户增长均创下两年最快增速。</p><p>阿里巴巴高管将在周四业绩发布时设法让投资者放心,公司将像竞争对手那样以更强的力道从疫情中反弹。</p><p>在中国实施封锁期间,该公司营收增速降至新低,但「618」年中促销的创纪录表现预示了反弹力度。分析师预期营收将再度加速增长,尽管增长率仍会落后于疫情前水平。投资者信心也需要更长时间才能恢复:阿里巴巴股价今年以来累计上涨约20%,大大落后于京东、拼多多和美团等同业。</p><p><strong>蓝莲花资本驻深圳分析师Shawn Yang表示,阿里巴巴正在同时打拼两场关键战斗:一个是核心的电商领域,另一个是离线本地服务,这是家好斗的公司,投资者希望至少在其中一个领域看到成就。</strong></p><img src=\"https://fid-75186.picgzc.qpic.cn/20200820182313159v2462m0wr8jyyek\"/><p>特朗普政府是否会单列出阿里巴巴作为打击目标目前还不清楚。但是该公司的确有来自国内的其他更加迫在眉睫的隐忧。</p><p>阿里巴巴拥有近8亿中国消费者,从线上到线下的广泛业务领域满足了人们日常需求,也借此巩固了阿里巴巴在电商领域的领导地位。淘宝为消费者提供价格低廉的服饰、手袋等商品选择,天猫为大品牌的粉丝提供购买进口婴儿配方奶粉和化妆品等此类商品的渠道。连锁超市盒马可以将杂货送货到家,饿了么提供餐厅外卖服务。这些交易的收付款由阿里巴巴拥有33%股份的蚂蚁集团处理,后者正准备在香港和上海两地上市。</p><p>但是,这种做法也意味着阿里巴巴面临全方位竞争。新贵拼多多以更便宜的价格吸引小城镇买家,而与腾讯支持的美团在外卖市场无休止的竞争拖累了利润率。随着新冠疫情刺激更多人网上购物,阿里巴巴及其竞争对手都将目光投向了生鲜产品领域。以消费电子领域为传统强项的京东表示,在今年前六个月,超市商品已成为对收入贡献最大的产品类别。</p><p>阿里巴巴在服装等非必需品领域的领先地位,意味着疫情后的复苏可能要比那些较小的竞争对手花更长时间。中国零售支出在2020年前三个月创出纪录最大降幅,尽管此后有所回升,但人们仍对国内消费的强度和可持续性感到担忧。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20200820182314419v2463lpln6zedns\"/><p>编辑/Phoebe</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>国内激烈厮杀之际,阿里巴巴业绩因特朗普再添一重威胁</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n国内激烈厮杀之际,阿里巴巴业绩因特朗普再添一重威胁\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-08-20 18:23 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20200820182315795ed049&s=b><strong>彭博Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国总统唐纳德·特朗普正威胁对更多中国公司采取对TikTok那样的制裁。巨头阿里巴巴很可能成为下一个目标。但目前而言,这家互联网巨头面临的更大挑战来自国内。白宫的打击可能给这家横跨网购、外卖和互联网计算等多个领域的6,990亿美元左右的帝国构成威胁,然而,更加迫在眉睫的挑战来自于国内日益激烈的竞争。在阿里巴巴长期占据主导地位的中国电子商务市场,京东和拼多多正稳步蚕食市场份额,而在社交零售渠道,自从...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20200820182315795ed049&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c4fb4d7b02e0f6620a16dc71da028ea4","relate_stocks":{"BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20200820182315795ed049&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2060913661","content_text":"美国总统唐纳德·特朗普正威胁对更多中国公司采取对TikTok那样的制裁。巨头阿里巴巴很可能成为下一个目标。但目前而言,这家互联网巨头面临的更大挑战来自国内。白宫的打击可能给这家横跨网购、外卖和互联网计算等多个领域的6,990亿美元左右的帝国构成威胁,然而,更加迫在眉睫的挑战来自于国内日益激烈的竞争。在阿里巴巴长期占据主导地位的中国电子商务市场,京东和拼多多正稳步蚕食市场份额,而在社交零售渠道,自从新冠疫情刺激网购需求后,腾讯和字节跳动正以前所未有的力度争夺商家和消费者。得益于严格的疫情控制措施以及工业产出和消费者信心反弹,中国经济摆脱疫情影响后的复苏速度走在世界前列。排名第二的网购平台京东受此提振,营收和新客户增长均创下两年最快增速。阿里巴巴高管将在周四业绩发布时设法让投资者放心,公司将像竞争对手那样以更强的力道从疫情中反弹。在中国实施封锁期间,该公司营收增速降至新低,但「618」年中促销的创纪录表现预示了反弹力度。分析师预期营收将再度加速增长,尽管增长率仍会落后于疫情前水平。投资者信心也需要更长时间才能恢复:阿里巴巴股价今年以来累计上涨约20%,大大落后于京东、拼多多和美团等同业。蓝莲花资本驻深圳分析师Shawn 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href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>$阿里巴巴-SW(09988)$ 极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>$阿里巴巴-SW(09988)$ 极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复","text":"$阿里巴巴(BABA)$$阿里巴巴-SW(09988)$ 极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/970939487","isVote":1,"tweetType":1,"viewCount":2875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":970939501,"gmtCreate":1597627197403,"gmtModify":1704216067793,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复","listText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a>极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复","text":"$阿里巴巴-SW(09988)$极好的建仓机会,,蚂蚁上市,港股通就在眼前。。。国际市场仅占百分之7,美国市场不到百分之3,,极端下全部放弃了也无关紧要。。舆论上的影响始终会修复","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/970939501","isVote":1,"tweetType":1,"viewCount":949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":944196203,"gmtCreate":1596794038602,"gmtModify":1704213655162,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>蚂蚁上市在即,任何一次调整都是机会,,哪怕退出美股,也可回归港股 阿里早就预料之中了","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>蚂蚁上市在即,任何一次调整都是机会,,哪怕退出美股,也可回归港股 阿里早就预料之中了","text":"$阿里巴巴(BABA)$蚂蚁上市在即,任何一次调整都是机会,,哪怕退出美股,也可回归港股 阿里早就预料之中了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/944196203","isVote":1,"tweetType":1,"viewCount":1697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":945389259,"gmtCreate":1596457676471,"gmtModify":1704212239928,"author":{"id":"59965183166688","authorId":"59965183166688","name":"san","avatar":"https://static.laohu8.com/544c8399035e1dc0226d80febf5cb5d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"59965183166688","authorIdStr":"59965183166688"},"themes":[],"htmlText":"监管部门应该全力支持蚂蚁走向世界。。","listText":"监管部门应该全力支持蚂蚁走向世界。。","text":"监管部门应该全力支持蚂蚁走向世界。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/945389259","repostId":"1193097993","repostType":2,"repost":{"id":"1193097993","kind":"news","pubTimestamp":1596102459,"share":"https://www.laohu8.com/m/news/1193097993?lang=&edition=full","pubTime":"2020-07-30 17:47","market":"hk","language":"zh","title":"官宣沪港两地上市不到10天,蚂蚁集团突遭达摩克利斯之剑悬颈","url":"https://stock-news.laohu8.com/highlight/detail?id=1193097993","media":"财华社","summary":"官宣准备沪港两地上市不到10天,全球最大独角兽之一的蚂蚁集团便遭遇了自监管带来的不确定性——中国央行近日下发通知调查线上联合消费贷款情况,重点关注金融机构与蚂蚁花呗、借呗的合作情况。分析人士称,这可能","content":"<p>官宣准备沪港两地上市不到10天,全球最大独角兽之一的蚂蚁集团便遭遇了自监管带来的不确定性——中国央行近日下发通知调查线上联合消费贷款情况,重点关注金融机构与蚂蚁花呗、借呗的合作情况。</p><p>分析人士称,这可能导致蚂蚁集团与中小金融机构联合发放的万亿元人民币之巨的贷款面临被压缩的可能,进而影响蚂蚁集团利润最丰厚的业务板块。不过,亦有分析人士认为,联合贷款的直接监管机构是银保监会,此次央行摸底调查或主要是为了统计疫情后消费贷款不良率的情况,与出台监管政策无关。</p><p>中国央行近日下发通知,要求金融机构报送月末线上联合消费贷余额、当月发放线上消费贷的加权平均利率、月末线上消费贷余额不良率,以及月末全部个人消费贷余额(含个人信用卡透支)不良率。其中,前三项内容需分别列出与“蚂蚁花呗”或“蚂蚁借呗”的合作情况。</p><p>蚂蚁集团于2015年陆续推出面向个人的花呗、借呗产品,其后端对应的两家小贷公司曾通过资产证券化放大杠杆,仅数十亿元资本金却撬动数千亿元贷款;但该模式于2017年下半年遭遇严监管,小贷公司被要求资产回表并降低杠杆。</p><p>在此背景下,蚂蚁逐渐将花呗、借呗对接给数百家银行、信托等金融机构,联合发放贷款并分享收益。据财新去年11月报导,彼时国内联合贷款市场规模达2万亿左右,而蚂蚁集团占比过半,超过1万亿元。</p><p>“放了上万亿的贷款,以蚂蚁目前的资本金情况来看,里面肯定有大量贷款是表外的。”一位股份行分行负责个人金融业务的人士表示,蚂蚁通过大数据筛选出客户给银行,由银行提供信贷资金,最后二者共同分享收益;但如果出现了坏账后,损失又可能主要由银行承担,风险和收益存在错位。</p><p>中关村互联网金融研究院首席研究员董希渺则直言,在金融控股公司管理办法出来之前,蚂蚁集团不若银行那样有资本充足率、风险管理与处置等诸多监管约束,杠杆已非常高。</p><p>不过,接近蚂蚁集团的人士表示,蚂蚁集团严格要求与出资方以出资比例承担风险。去年10月,蚂蚁集团数字金融板块总裁黄浩也曾发表署名文章称,如果联合出资,则出资方按照出资比例承担相应风险,不要求其他机构进行兜底或者担保。</p><p>中国央行2019年7月对《金融控股公司监督管理试行办法》征求意见;中国央行今年年初工作会议称,将“推动出台实施金融控股公司监督管理办法”。</p><p>“对蚂蚁集团来说,金融控股公司管理暂行办法可能是它面临的最大不确定性。”董希渺称,待办法发布,蚂蚁可能需要成立一个金融控股集团,在关联交易、股权架构、风险管理等方面接受一系列监管约束。</p><p>“这对它来说挑战是很大的,也会影响它规模的扩张和盈利能力的增长。”他表示。</p><p>“这是一柄悬在蚂蚁头上的达摩克里斯之剑。”一位大型金控集团业务人士对路透表示,作为包括蚂蚁在内的互联网巨头背景的金融科技公司,虽在不断强化其科技属性,降低自营金融业务的占比,但“再怎么'科技',从本质来看,主要还是靠服务金融业务赚钱”;而金控集团管理办法强调资本充足率,强调交叉风险的防范,势必会打压这些公司的盈利能力。</p><p>“蚂蚁的一些业务曾经爆发过超强的盈利能力,但事后来看,往往都是监管措施没及时跟上的结果。”该人士说。</p><p>蚂蚁集团上周官宣,拟在上海科创板和港交所同步上市。路透此前引述两名知情人士称,其目标估值超过2,000亿美元。</p><p><b>曾遭受金融严监管三连击</b></p><p>从2003年一款解决线上商家信用问题的支付工具,到如今一家涵盖支付、信贷、财富管理等业务,手握银行、基金等高含金量牌照的巨头,蚂蚁集团依托支付搭建起一个庞大的商业生态。</p><p>在中国鼓励金融业大创新的时期,蚂蚁可谓占尽红利。</p><p>2013年,蚂蚁推出余额宝,对接货币基金,并借此成就了中国最大的基金公司——天弘基金;蚂蚁集团之后持有天弘基金持股51%成为控股股东,后者2017年-2019年的净利润分别为26.50亿元、30.69亿元和22.14亿元。</p><p>蚂蚁的另一块重要收入来源,是支付业务沉淀的客户备付金带来的投资收入。由于蚂蚁一度可以零成本使用这笔高达数千亿的资金,其每年带来的收入至少数十亿元。</p><p>最让人惊叹的则是蚂蚁2015年推出的花呗、借呗,其在后端通过小额贷款公司创设资产证券化(ABS)产品,将数千亿元贷款滚动出表,极速创造利润。</p><p>蚂蚁集团全资拥有的两家小额贷款公司——重庆市蚂蚁小微小额贷款有限公司、重庆市蚂蚁商诚小额贷款有限公司,2016年-2018年加总后的净利润分别为15.61亿元、 95.20亿元和39.09亿元。而两家小贷公司在被迫增资之前,合计注册资本仅为58亿元,目前则已提升至160亿元。</p><p>不过,在2017年以来愈发收紧的金融监管措施下,蚂蚁的“利润奶牛”遭遇三连击。</p><p>首先,第三方支付机构备付金2017年起被要求逐渐托管至央行,初期不支付利息,后在2019年底调整为支付每年0.35%的利息,意味着一块数十亿元的利润肥肉突然消失。</p><p>其次,金融监管部门要求蚂蚁小贷通过ABS出表的贷款逐步回表降低杠杆,这也是蚂蚁旗下两家小贷公司2017年净利润达到95亿峰值后次年跌至39亿的原因。</p><p>此外,在经历2016年底债市违约引发货币基金流动性风险后,监管部门亦开始控制货币基金风险,措施之一是逐步压降余额宝规模,以降低货币基金集中度。受此影响,天弘基金的货币基金从此前超过1.6万亿元之巨,逐渐压缩至去年底的1.09万亿元,净利亦因此出现较大幅度的回落。</p><p>阿里巴巴最新财报披露,包括财富管理、微型贷款和保险三大业务的数字金融服务板块,贡献了蚂蚁集团50%以上的总收入。</p><p>蚂蚁集团CEO胡晓明6月底接受媒体采访时表示,公司通过为服务业提供包括AI、区块链和风控能力等科技解决方案获取技术服务费;预计五年内,技术服务费占蚂蚁集团总收入的比例将从2019年的50%左右上升至超过80%。</p>","source":"chs","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>官宣沪港两地上市不到10天,蚂蚁集团突遭达摩克利斯之剑悬颈</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n官宣沪港两地上市不到10天,蚂蚁集团突遭达摩克利斯之剑悬颈\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-07-30 17:47 北京时间 <a href=https://www.finet.hk/newscenter/news_content/5f227605bde0b33df47443cc><strong>财华社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>官宣准备沪港两地上市不到10天,全球最大独角兽之一的蚂蚁集团便遭遇了自监管带来的不确定性——中国央行近日下发通知调查线上联合消费贷款情况,重点关注金融机构与蚂蚁花呗、借呗的合作情况。分析人士称,这可能导致蚂蚁集团与中小金融机构联合发放的万亿元人民币之巨的贷款面临被压缩的可能,进而影响蚂蚁集团利润最丰厚的业务板块。不过,亦有分析人士认为,联合贷款的直接监管机构是银保监会,此次央行摸底调查或主要是为了...</p>\n\n<a href=\"https://www.finet.hk/newscenter/news_content/5f227605bde0b33df47443cc\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1684aaaa06891b8d2dd04a9941acb502","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.finet.hk/newscenter/news_content/5f227605bde0b33df47443cc","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193097993","content_text":"官宣准备沪港两地上市不到10天,全球最大独角兽之一的蚂蚁集团便遭遇了自监管带来的不确定性——中国央行近日下发通知调查线上联合消费贷款情况,重点关注金融机构与蚂蚁花呗、借呗的合作情况。分析人士称,这可能导致蚂蚁集团与中小金融机构联合发放的万亿元人民币之巨的贷款面临被压缩的可能,进而影响蚂蚁集团利润最丰厚的业务板块。不过,亦有分析人士认为,联合贷款的直接监管机构是银保监会,此次央行摸底调查或主要是为了统计疫情后消费贷款不良率的情况,与出台监管政策无关。中国央行近日下发通知,要求金融机构报送月末线上联合消费贷余额、当月发放线上消费贷的加权平均利率、月末线上消费贷余额不良率,以及月末全部个人消费贷余额(含个人信用卡透支)不良率。其中,前三项内容需分别列出与“蚂蚁花呗”或“蚂蚁借呗”的合作情况。蚂蚁集团于2015年陆续推出面向个人的花呗、借呗产品,其后端对应的两家小贷公司曾通过资产证券化放大杠杆,仅数十亿元资本金却撬动数千亿元贷款;但该模式于2017年下半年遭遇严监管,小贷公司被要求资产回表并降低杠杆。在此背景下,蚂蚁逐渐将花呗、借呗对接给数百家银行、信托等金融机构,联合发放贷款并分享收益。据财新去年11月报导,彼时国内联合贷款市场规模达2万亿左右,而蚂蚁集团占比过半,超过1万亿元。“放了上万亿的贷款,以蚂蚁目前的资本金情况来看,里面肯定有大量贷款是表外的。”一位股份行分行负责个人金融业务的人士表示,蚂蚁通过大数据筛选出客户给银行,由银行提供信贷资金,最后二者共同分享收益;但如果出现了坏账后,损失又可能主要由银行承担,风险和收益存在错位。中关村互联网金融研究院首席研究员董希渺则直言,在金融控股公司管理办法出来之前,蚂蚁集团不若银行那样有资本充足率、风险管理与处置等诸多监管约束,杠杆已非常高。不过,接近蚂蚁集团的人士表示,蚂蚁集团严格要求与出资方以出资比例承担风险。去年10月,蚂蚁集团数字金融板块总裁黄浩也曾发表署名文章称,如果联合出资,则出资方按照出资比例承担相应风险,不要求其他机构进行兜底或者担保。中国央行2019年7月对《金融控股公司监督管理试行办法》征求意见;中国央行今年年初工作会议称,将“推动出台实施金融控股公司监督管理办法”。“对蚂蚁集团来说,金融控股公司管理暂行办法可能是它面临的最大不确定性。”董希渺称,待办法发布,蚂蚁可能需要成立一个金融控股集团,在关联交易、股权架构、风险管理等方面接受一系列监管约束。“这对它来说挑战是很大的,也会影响它规模的扩张和盈利能力的增长。”他表示。“这是一柄悬在蚂蚁头上的达摩克里斯之剑。”一位大型金控集团业务人士对路透表示,作为包括蚂蚁在内的互联网巨头背景的金融科技公司,虽在不断强化其科技属性,降低自营金融业务的占比,但“再怎么'科技',从本质来看,主要还是靠服务金融业务赚钱”;而金控集团管理办法强调资本充足率,强调交叉风险的防范,势必会打压这些公司的盈利能力。“蚂蚁的一些业务曾经爆发过超强的盈利能力,但事后来看,往往都是监管措施没及时跟上的结果。”该人士说。蚂蚁集团上周官宣,拟在上海科创板和港交所同步上市。路透此前引述两名知情人士称,其目标估值超过2,000亿美元。曾遭受金融严监管三连击从2003年一款解决线上商家信用问题的支付工具,到如今一家涵盖支付、信贷、财富管理等业务,手握银行、基金等高含金量牌照的巨头,蚂蚁集团依托支付搭建起一个庞大的商业生态。在中国鼓励金融业大创新的时期,蚂蚁可谓占尽红利。2013年,蚂蚁推出余额宝,对接货币基金,并借此成就了中国最大的基金公司——天弘基金;蚂蚁集团之后持有天弘基金持股51%成为控股股东,后者2017年-2019年的净利润分别为26.50亿元、30.69亿元和22.14亿元。蚂蚁的另一块重要收入来源,是支付业务沉淀的客户备付金带来的投资收入。由于蚂蚁一度可以零成本使用这笔高达数千亿的资金,其每年带来的收入至少数十亿元。最让人惊叹的则是蚂蚁2015年推出的花呗、借呗,其在后端通过小额贷款公司创设资产证券化(ABS)产品,将数千亿元贷款滚动出表,极速创造利润。蚂蚁集团全资拥有的两家小额贷款公司——重庆市蚂蚁小微小额贷款有限公司、重庆市蚂蚁商诚小额贷款有限公司,2016年-2018年加总后的净利润分别为15.61亿元、 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