Wechat Commercial Bank is a private bank initiated by well-known enterprises such as Tencent. The definition of private banks can be roughly divided into three types: the theory of property right structure, the theory of asset structure and the theory of governance structure. The theory of property right structure holds that private banks are controlled by private capital. According to the asset structure theory, private banks mainly provide financial support and services for private enterprises; According to the theory of governance structure, banks operating in the market are all private banks.

Wechat Commercial Bank is a bank founded by well-known enterprises such as Tencent, Baiyeyuan and Liye Group. In 20 14, with the approval of CBRC, Weizhong Bank officially opened, becoming the first private Internet bank in China. The registered capital of the company is 3 billion yuan, and Tencent holds 30% of the shares, making it the largest shareholder of Weizhong Bank.

The business of WeChat Commercial Bank includes absorbing public deposits, mainly for individuals and small and micro enterprises; There are short-term, medium-term and long-term loans. Its products include: bank deposits, funds, small Public Offering of Fund, insurance financing, collective asset management plan, etc.

The original intention of setting up private banks is to introduce competition mechanism in the financial field and break the current financial pattern of relatively single equity of highly dispersed state-owned banks. Joint-stock banks generally refer to joint-stock commercial banks, which are relatively open to state-owned commercial banks. Joint-stock commercial banks belong to joint-stock banks and have a large amount of investment funds.