Consumer finance companies will be approved to start business
Consumer finance companies will be approved to start business. According to the shareholding structure, Ant Technology Group Co., Ltd., as the largest shareholder, holds 5% of the shares. There are also three A-share listed companies in the list of shareholders: Contemporary Amperex Technology Co., Limited, Qianfang Technology and Yuyue Medical, holding 8%, 7.1% and 4.99% respectively. Consumer finance companies will be approved to start business 1
On June 3, official website, Chongqing Banking Insurance Regulatory Bureau, issued a reply on the opening of Chongqing Ant Consumer Finance Co., Ltd., and approved the opening of Chongqing Ant Consumer Finance Co., Ltd. with a registered capital of 8 billion yuan according to the relevant provisions of the Measures for the Implementation of Administrative Licensing of Non-bank Financial Institutions in China Banking and Insurance Regulatory Commission, China and the Measures for the Pilot Management of Consumer Finance Companies.
According to the shareholding structure, Ant Technology Group, as the largest shareholder, holds 5% of the shares. There are also three A-share listed companies in the list of shareholders: Contemporary Amperex Technology Co., Limited, Qianfang Technology and Yuyue Medical, holding 8%, 7.1% and 4.99% respectively.
Chongqing Ant Consumer Finance was approved to start business with a registered capital of 8 billion yuan
On June 3rd, Chongqing Banking Insurance Regulatory Bureau announced the approval for the opening of Chongqing Ant Consumer Finance Co., Ltd., and approved the opening of the company. The registered capital of the company is RMB 8 billion.
According to the shareholding structure, Ant Technology Group Co., Ltd. contributed RMB 4 billion, accounting for 5% of the company's registered capital. Nanyang Commercial Bank Limited contributed RMB 1,2.8 million, accounting for 15.1% of the company's registered capital. Guotai Shihua Bank (China) Co., Ltd. contributed RMB 8 million, accounting for 1% of the registered capital of the company. Contemporary Amperex Technology Co., Limited New Energy Technology Co., Ltd. contributed RMB 64 million, accounting for' 8% of the company's registered capital. Beijing Qianfang Technology Co., Ltd. contributed RMB 56.8 million, accounting for 7.1% of the company's registered capital. China Huarong Asset Management Co., Ltd. contributed RMB 399.2 million, accounting for 4.99% of the company's registered capital. Jiangsu Yuyue Medical Equipment Co., Ltd. contributed RMB 399.2 million, accounting for 4.99% of the company's registered capital.
Consumer Finance Company will be approved to start business. 2
According to the reply, Chongqing Ant Consumer Finance Co., Ltd. is approved to operate the following RMB businesses: (1) granting personal consumption loans; (2) Accepting deposits from domestic subsidiaries of shareholders and domestic shareholders; (3) Borrowing from domestic financial institutions; (4) Issuing financial bonds upon approval; (5) Domestic interbank borrowing; (6) Consulting and agency business related to consumer finance; (7) Acting as an agent to sell insurance products related to consumer loans; (8) Fixed income securities investment business; (9) Other businesses approved by China Banking and Insurance Regulatory Commission.
At the same time, according to the reply, Chongqing Ant Consumer Finance Co., Ltd. shall report the relevant information in writing to our bureau within one month after the completion of legal procedures such as industrial and commercial registration and tax registration, and shall start business within six months from the date of obtaining the business license.
Ant told Funjun that Ant Consumer Finance Company was approved by China Banking and Insurance Regulatory Commission on September 14, 22, and completed the preparatory work within the statutory preparation period. After legal review, it met the opening conditions and was approved to open today.
As for ants, under the guidance of the regulatory authorities, ants and shareholders' meetings of all parties work together to meet consumers' demand for financial services, participate in the construction of financial service system together with cooperative financial institutions, and continuously improve the quality of financial services and the level of risk prevention and control.