Recently, the official website of Chongqing Banking and Insurance Regulatory Bureau released the announcement of “Chongqing Banking and Insurance Regulatory Bureau’s Approval of Chongqing Ant Consumer Finance Co., Ltd. to increase registered capital and adjust shareholding structure”. The reply approved Chongqing Ant Consumer Finance Co., Ltd. (hereinafter referred to as “Ant Consumer Finance”) to increase its registered capital from 8 billion yuan to 18.5 billion yuan. The reply also approved Hangzhou Jintou Digital Technology Group Co., Ltd., Zhejiang Sunny Optical Co., Ltd., Transfar Zhilian Co., Ltd. invested in Ant Consumer Finance.
After the registered capital increases from 8 billion yuan to 18.5 billion yuan, Ant Consumer Finance will exceed the 10 billion yuan registered capital of China Merchants Union Consumer Finance Co., Ltd. and become the industry’s number one. If calculated according to the leverage ratio of about 10 times of the consumer finance company, its loan scale can reach 10 times the registered capital, which is 185 billion yuan. After this capital increase, the top three shareholders and investors of Ant Consumer Finance are Ant Technology Group Co., Ltd., which invested 9.25 billion yuan, accounting for 50%; Hangzhou Jintou Digital Technology, which invested 1.85 billion yuan, accounting for 10%. Group Co., Ltd.; Nanyang Commercial Bank, which invested 1.201 billion yuan and accounted for 6.491%.
The Tianyancha App shows that Hangzhou Jintou Digital Technology Co., Ltd., the second largest shareholder among the new shareholders, is actually controlled by the Hangzhou Municipal People’s Government. The company’s shareholders include Hangzhou Financial Investment Group Co., Ltd., which holds 54.03% of the shares, and Hangzhou Jintou Construction Development Co., Ltd., which holds 45.97% of the shares.
In addition to the three major shareholders mentioned above, shareholders of Ant Financial also include Zhejiang Sunny Optical Co., Ltd., Transfar Zhilian Co., Ltd., Jiangsu Yuyue Medical Equipment Co., Ltd., Cathay United Bank (China) Co., Ltd., Ningde Times New Energy Co., Ltd. Technology Co., Ltd., Guangzhou Boguan Information Technology Co., Ltd., Beijing Qianfang Technology Co., Ltd., China Huarong Asset Management Co., Ltd., Chongqing Rural Credit Investment Group Co., Ltd., etc. Among them, compared with the establishment approved by the China Banking and Insurance Regulatory Commission in June 2021, Chongqing Rural Credit Investment Group Co., Ltd. has been added as a shareholder, and its controller is Chongqing Supply and Marketing Cooperative.
According to the completion of the brand rectification plan of “Huabei” and “Jiebei” within 6 months of the opening of Ant Consumer Finance Company, “Huabei” and “Jiebei” will become the exclusive consumer credit products of Ant Consumer Finance, and the credit brands issued by other financial institutions The names “Huabei” and “Jianbei” are no longer marked.
As of May 2022, the product information announcement released by Ant Consumer Finance on the official website shows that there are currently only two products, “Huabei” and “Jianbei”, of which the annualized interest rate (simple interest) of “Huabei” is interest-free to 18.25 %; “Jiebei” annualized interest rate (simple interest) ranges from 5.475% to 21.9%.
The announcements of listed shareholders participating in the capital increase, such as Sunny Optical and Yuyue Medical, also revealed the financial performance of Ant Consumer Finance. According to the data, in the first three quarters, Ant Consumer Finance achieved an operating income of 3.208 billion yuan, a net profit of 1.105 billion yuan, and a net profit of 386 million yuan after deducting non-existing expenses. As of the end of the third quarter, Ant Consumer Finance had total liabilities of 93.88 billion yuan and total assets of 101.9 billion yuan.
Alibaba’s Hong Kong stock closed at HK$96.4 per share on January 4, up 8.74%, with a total market value of HK$2.04 trillion. (Text | Ruan Wenwen)
media reports
The Paper Tencent Technology NetEase Technology
related events
- Ant Consumer Finance increased its capital to 18.5 billion, Super China Merchants Union Consumer Finance became the first in the industry, and Hangzhou State-owned Assets became the second shareholder2023-01-04
- Wu Minzhi became the CPO of Ant Group, and Zeng Songbai resigned2023-01-04
- Sunshine Insurance broke on the first day of listing on the Hong Kong Stock Exchange, falling more than 4% in the session 2022-12-09
- Ant Consumer Finance plans to increase its capital by 10.5 billion yuan, and Hangzhou State-owned Assets will hold 10% of the shares as the second largest shareholder2022-11-14
- Ant Consumer Finance accumulatively transfers equity financing exceeding 50 billion2022-10-27
This article is transferred from: https://readhub.cn/topic/8miR2ADz8Lj
This site is only for collection, and the copyright belongs to the original author.