日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Online payment providers modernize home rental market

By Chen Meiling | China Daily | Updated: 2017-11-27 15:37
Share
Share - WeChat

 

Prospective tenants visit the public rental housing at the Xinyue apartments in Shanghai, on May 15, 2013. [Photo/Xinhua]

 

Alipay and China UnionPay, two of China's online payment service providers, are using their credit rating system to improve the house rental market.

This is expected to help regulate how house owners and tenants operate in the market. But its efficacy remains a question, experts said.

Alipay, a subsidiary of China's internet giant Alibaba Group, announced its property rental foray via a new platform in October.

The Alipay platform allows tenants with a 650-point score on Zhima Credit, a rating system founded by Alibaba, to pay in advance one month's rent without any deposit and lease an apartment, according to Wang Bo, general manager of the innovation and smart service department of Ant Financial, the fintech affiliate of Alibaba.

The Alipay service does away with the common practice of one-month rent as deposit and three-month rent toward house owners required by the rental agreement.

Statistics from the Ministry of Housing and Urban-Rural Development showed about 160 million Chinese residents rent houses in cities, accounting for 21 percent of the urban population.

College graduates and migrant workers are major tenants. However, most people do not have a pleasant experience when renting apartments.

Common complaints against landlords are dishonest behavior, peddling fake information about the condition or ownership of the property, over-charging and raising the rent unreasonably.

So, the online system aims to simplify the process of renting a home, particularly for young people like fresh graduates about to enter the workforce, Ant Financial said. At the same time, it would rein in unethical, coercive or unfair practices of landlords.

According to a report on housing conditions of young people in Beijing, only about 26 percent interviewees said they felt their rights were not violated in rental issues.

Wang of Ant Financial said the advantage of having Alipay in the rental market is its ability to control risks.

The new rental platform can evaluate prospective tenants' credibility and trustworthiness by analyzing their record in financial transactions.

In addition, home-owners and tenants can influence each other's credit ratings through online comments.

But industry insiders said it is still early days to judge such services.

Wang Pengbo, a financial analyst of research firm Analysys, said though the idea of combining individual credit with mobile payments is good, many other elements need to be taken into consideration to give a precise evaluation as well as a feasible solution to problems.

"For instance, if a tenant violates the contract, what can we do without the constraint of the deposit?" Wang said.

Geng Juan, an analyst with the Nanjing branch of real estate agency 5i5j, agreed. "What if the tenant refuses to pay the water or electricity bills, or compensate for damaged home appliances? Besides, how could the system actually avoid fake information from unethical intermediaries?"

Alipay plans to channel about 10 long-term rental brands, such as Mogoroom and Danke Department, in the following years, to list about 2 or 3 million city apartments, including those in Beijing, Shanghai, Shenzhen and Chengdu.

Among the 1 million rental apartments listed on Alipay, about 85 percent still seek deposits, it said.

According to an industry insider, deposit-free rentals based on personal credit scores are limited to a certain group of customers with Zhima Credit account. Since cash flows through Alipay are key to its very business, it is possible that not all rental listings would be deposit-free.

Guo Yi, marketing director of real estate consultancy Yahao, said, "There's still a long way to go for financial or credit tools before they become integral to rental services. A single credit rating system cannot overturn the current system. But I believe the rental market will become better in the future, facilitated by strengthened supervision."

In July, the central government strengthened supervision in 12 cities, some of which established monitoring platforms to help solve problems of fake information and unscrupulous realty agents.

After Alipay launched its house rental service in cooperation with the Hangzhou city government, others follows suit. For instance, JD Group, China's second largest e-commerce giant, joined the rental supervisory platform in Beijing in late October.

JD said it expects to provide services for real estate developers and agencies, covering commercial, industrial, tourism, pension and overseas properties.

China UnionPay followed it up in early November through cooperation agreements with Shenyang and Wuhan city governments.

Ren Tianfeng, real estate general manager of the commercial services department of China UnionPay, said the firm will support evaluation of individuals' credit on the government's rental monitoring platform.

China's rental market size is expected to jump from 1.1 trillion yuan ($166 billion) in 2016 to 4.6 trillion yuan in 2030, according to real estate agent Homelink's research department.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲精品久久久一区二区三区 | 狠狠色噜噜狠狠狠97影音先锋 | 中文字幕一区在线观看视频 | 嗯啊你轻点好深啊hh在线播放 | 亚洲天堂视频在线观看免费 | 欧美一区二区免费 | 欧美一级二级三级 | 日本精品在线观看 | 一级做性色a爰片久久毛片 亚洲午夜精品久久久久久app | www.天堂av.com | a级成人毛片久久 | 国产成人福利 | 狙击兵2通古电影高清 | 日本黄色大片免费看 | 日韩在线1 | 99人体做爰视频 | 黄片一级毛片 | 精品综合 | 一级做a爰片性色毛片中国 日本黄色免费片 | 国产精品视频一区二区三区 | 草草线在成人免费视频 | 瑟瑟在线 | 精品极品三级久久久久 | 国产在线视频自拍 | 神秘电影91 | 午夜理伦三级理论三级在线观看 | 九九九久久久久久久爱 | 成人国产精品免费观看视频 | 国产成人综合95精品视频免费 | 青娱乐欧美视频 | 成人伊人| 国产乱码精品一区二区三区中文 | 亚洲精品亚洲人成人网 | 91久久久久久久久久久久久久 | 日韩乱视频 | 欧美激情精品久久久久 | 天堂在线视频 | 日韩高清不卡 | 日韩精品在线播放 | 国产1区在线 | 91中文字幕在线观看 |