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China's On-line Family Financial Supercenter Opens
China has recently launched its on-line family financial supercenter -- www.fudao.net in Beijing.
"Meaning the pass to prosperity and profitability, the net of fudao is among the few websites in China that provide ordinary Chinese families with comprehensive financial services according to different individual conditions," said Guo Yichang, Chief Executive Officer of the supercenter.
Consisting of six channels on finance, insurance, wedding financing, real estate, consumption and education, the supercenter features a comprehensive range of services from large transactions to individually designed financial services, said Guo.
It introduces services from 17 commercial banks and over 50 kinds of financial products as well as a comparison of quality and prices of more than 1,000 kinds of consumables.
Users are informed of the latest data on their stocks and negotiable securities from the mailbox. They can also get individual insurance plans made by experts based on their personal situations. More than 800 insurance agents are also available on various homepages.
The wedding financing service is unique in China, said Guo. "A newlywed can spare several thousand yuan through series of services including wedding loans, budgets, photographs, ceremonies and honeymoon travels."
Services also deals with real estate, home decorating and relevant loans and insurance.
Cooperating with 50 odd schools, the supercenter also provides on-line education enrollment services. More than 800 subjects are available for infants, pupils, high school students and adults. Users can apply for educational loans, insurance and scholarships through the website.
Yang Jin, chief operating officer of the supercenter, said that the on-line family financing service has great potential because the concept of Chinese people's family financing is relatively backward, and China's financial market lacks comprehensive analysis and in-depth information.
He added that fudao.net plans to cooperate with foreign companies to explore the Chinese market after China's entry into the World Trade Organization.
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