近日，“阿里信贷已向江浙地区普通会员放开，不用任何担保抵押，只凭借企业在阿里平台上的交易信息就可申请，并且24小时随用随借”的消息着实让笔者心头一震。看来，马云四年前的豪言绝不是儿戏。

recently，“Ali credit has to the jiangsu and zhejiang provinces area ordinary members let go，Without any guarantee mortgage，Only with enterprises in ali platform trading information can apply for，And as with 24 hours with borrow”News really made the author heart a shock。It seems，Mr Ma four year ago of big is not playgame。

　　不过，银行业非常特殊，银行信贷是一项风险很大的金融业务，绝不是光有豪言壮志就可以做的，一个风险防控不当就足以毁掉一个企业。

but，Banking is very special，Bank credit is a very risky financial business，Light is not a big ambition can do，A risk control and prevention is not enough to destroy a enterprise。

　　而阿里巴巴很好地结合主体业务来发展金融信贷业务，给其考察客户、防控风险奠定了坚实基础。电子商务平台上注册企业各类信息齐全且容易快速掌握，电商企业每天的交易流水账能迅速调出，企业的经营及盈亏情况很好分析，这给发放小额贷款提供了防控风险的绝佳条件，其他金融信贷机构很难做到，这是阿里巴巴从事小额贷款业务的绝对优势。

And alibaba well combined with main business to develop financial credit business，The investigation to the customer、Risk prevention laid a solid foundation。Electronic business platform registered enterprise all kinds of information is complete and easy to grasp，Electric business enterprise of every trading day live account can quickly decruitment，The management of the enterprise and the profit and loss in good condition analysis，This issue small loans to provide the risk prevention and control the perfect conditions，Other financial credit agency is accomplished very hard，This is alibaba is engaged in small loan business of absolute advantage。

　　马云的金融高招将使阿里巴巴主体业务和信贷业务共同做大做强。而对于当前融资难的中小微企业来说，阿里巴巴的小额贷款业务足以吸引其进入阿里巴巴电子商务平台，随着电商企业客户越来越多，使得主体业务业越做越大，真是一箭双雕，不得不佩服马云的智慧。

Mr Ma's financial silver bullet will make alibaba main business and credit business common bigger and stronger。For the current financing difficulties of small and medium-sized micro enterprise speaking，Alibaba's small loan business will be enough to attract the into the alibaba e-commerce platform，Along with the electric business enterprise customer more and more，Make main business industry bigger and bigger，Kill two birds with one stone really，Have to admire the wisdom of Mr Ma。

　　阿里信贷业务给其带来的巨大效益利润，也可能是未来利润的重要增长点。阿里巴巴小额贷款的年化利率高达18%，但又不违背民间借贷可以是基准利率4倍的法律规定。这么高的利率，带来的收入相当可观。阿里信贷上半年累计投放130亿元贷款，经测算，上半年仅利息收入就高达10亿元左右。阿里信贷向普通会员开放后，未来达1000亿元应不会太远，年毛收入将接近90亿元。

Ali credit business that huge profits to its profit，May also be an important growth point of profit in the future。Alibaba microfinance lending annualised rate as high as 18%，But it does not violate folk loan can be benchmark interest rate 4 times the legal provisions。Such high interest rates，Bring considerable income。Ali credit in the first half of the accumulated on the $13 billion loan，According to the calculation，Only in the first half of the interest income is as high as 1 billion yuan。Ali credit to the general member after opening，The future of 100 billion yuan should not be too far away，Years of gross income will be close to 9 billion yuan。

　　更重要的是，阿里巴巴解决了众多中小微企业面临的贷款融资难问题。由与中小微企业直接打交道的企业发起设立信贷机构，其主动性、积极性、效率都非常高。阿里信贷必将成为解决中小微企业贷款难的最佳出路之一。

More important is，Alibaba to solve the numerous small and medium-sized micro enterprise face loan financing difficult problem。The small and medium-sized enterprise with micro directly deal with enterprise start to establish a credit agency，The initiative、enthusiasm、Efficiency is very high。Ali credit will be small and medium-sized enterprise loan difficult to solve the micro one of the best way。

　　阿里信贷已开始对管理行政化、官僚化、垄断性的我国金融企业及金融体制提出了挑战甚至是威胁。马云曾说：“如果银行不改变，那我们改变银行”。如果将来马云的金融业务扩展到吸收存款和所有企业贷款业务，将直接与现有银行展开 “刺刀见红”的竞争，银行的危机则真正到来。

Ali credit have begun to the administrative management、bureaucratization、Monopoly of China's financial enterprise and financial system to put forward challenges and even threats。MaYunCeng said：“If the bank won't change，Then we change the bank”。If the future of ma financial business extended to absorb deposits and all enterprise loan business，Will directly with existing bank expansion “Bayonet see red”competition，The bank crisis is coming true。

　　对马云的信贷模式，监管部门应自觉去适应和服务于阿里巴巴，而不是高高在上说这不行那不行。

To Mr Ma credit model，Regulators should consciously to adapt to and in the service of the alibaba，Rather than high above said it's no go that not line。

　　但也有几方面问题仍值得深思：首先，阿里巴巴探索出了一条解决中小微企业融资难的出路，或许是中国未来金融改革发展的道路之一，但阿里信贷模式的可复制性不强。阿里巴巴是借助电子商务的平台而面向该平台上的中小微企业开展金融业务的，对放贷对象的 “底细”了如指掌，而其他企业很难有这种平台，故很难复制这种信贷模式。此外，阿里信贷模式也需经受诸多考验，该模式大面积推广尚需时日。

But there are also a few problems are still worth pondering：First of all，Alibaba explores a solve small and medium-sized micro enterprise financing difficult way out，May be China's future financial reform and development of the road，But ali credit model replicability is not strong。Alibaba is with the aid of electronic business platform and the platform for the small and medium-sized micro enterprises financial business，The object of lending “number”Like the back of his hand，While the other enterprise is hard to have this kind of platform，So it is difficult to copy this credit model。In addition，Ali credit model also need to undergo many test，The model accumulates promotion is still need more time。

　　其次，现在阿里巴巴主要面向电子商务平台上VIP客户的中小微企业发放小额贷款，当扩大到普通客户会员且发放大额度贷款业务时，能否防范信贷风险是一个重大挑战。同时，中小微企业寿命周期短，也对其贷款安全构成不小威胁。能否防范住未来金融信贷扩张后带来的风险，是笔者最为担忧的。

secondly，Now alibaba mainly to the electronic commerce platform VIP customer's small and medium-sized micro enterprise issuing small loans，When expanded to common customer members and release large amount loan business，Can prevent credit risk is a major challenge。At the same time，Small and medium-sized micro enterprise life cycle short，Also the loan security constitute a big threat。Can prevent live future financial credit expansion brought by the risk，The author is most concern。

　　最后，金融业对管理要求相当高，随着阿里巴巴金融业务迅速扩张，其管理是否能够跟上、管理人才队伍是否有足够的储备，尚需观察。

finally，The financial industry to management requires very high，With alibaba financial business rapid expansion，Its management is able to keep up with、Management personnel team have enough reserves，Still need to observe。

　　不过，无论如何都希望阿里巴巴金融探索的冲击波能激活我国金融的一潭死水。

but，No matter what, just hope alibaba financial exploration of shock wave can activate the our country financial a pool of stagnant water。