Jing Xiandong (L), chairman of MYbank, receives financial business operation permit at the opening ceremony of MYbank in Hangzhou, capital of East China's Zhejiang province, June 25, 2015. Alibaba-backed Internet bank "MYbank" opened on Thursday in Hangzhou. MYbank has a registered capital of 4 billion yuan ($655 million). The bank will center on financial services for small and micro business, as well as online consumers through the Internet platform. [Photo/Xinhua]