Robin Li, middle, founder and CEO of Baidu Inc, March 3, 2015. [Photo/IC]

Besides setting up banks, the financial industry still has many areas where it can innovate, such as securities and consumption credit services. The combination of service sector and Internet can boost consumption and improve the utilization efficiency of offline resources.

Although Baidu has not got the license to set up a private bank, we will keep an eye on this sec tor, and Baidu will pay attention to China's education and medical industry in the future.