Small Win Card Loan Listed on US Stock Market

On August 28th, "X Finance" submitted an IPO application document to the US Securities and Exchange Commission, and planned to be listed on the new york Stock Exchange with the stock code "XYF". It is planned to raise up to $250 million, and the underwriters are Deutsche Bank, Morgan Stanley and China Merchants Securities (Hong Kong).

Zhongan Insurance cooperates with Xiaoying Technology to underwrite credit guarantee insurance. Zhongan Online's recent semi-annual report also shows the performance of cooperation in consumer finance and other industries. The total premium income of consumer finance ecology accounts for more than 50%.

Xiaoying Technology, formerly known as Xiaoying Finance, was established in August 2065438+2004 with a registered capital of 610.5 million yuan. It owns two sub-brands of Xiaoyin Wealth Management and Xiaoyin Pratt & Whitney. Whitney. 20 17 Xiaoying technology has begun to build a VIE framework for overseas listing. 20 17 12. The company's wholly-owned domestic subsidiary in Beijing purchased all the shares of Shenzhen Xiaoying Pratt & Whitney Technology Co., Ltd. and Shenzhen Xiaoying Information Technology Co., Ltd. and established Shenzhen Wei Ying Information Technology Co., Ltd.

The prospectus also mentions the regulatory trend of the Internet finance industry in China. 2065438+In March 2007, Xiaoying Technology Shenzhen Company received a rectification notice, requiring it to take certain rectification measures for its business operation. 2065438+In March 2007, the rectification plan was replied according to the progress, and measures were taken according to the requirements of the competent department. 2065438+February 2, 2008, the regulator conducted an on-site inspection on the compliance of financial institutions of Shenzhen Internet financial lending information intermediary institutions with the provisions of Document No.57. As of the publication date of this prospectus, Xiaoying Technology has not received any further rectification notice from Shenzhen financial regulatory authorities.

20 15 10, Chow Tai Fook participated in the A round of financing of Xiaoying Technology. According to public information, from 2065438 to March 2007, Xiaoying Technology obtained a series B financing of 1 100 million yuan, and Zhu, a shareholder of Weizhong Bank and chairman of Health Yuan, increased his holdings. At that time, the newly-added shareholders included Suzhou Jintang Enterprise (Group), Jinke Entertainment (300459) Industrial Fund, Shanghai Urban Real Estate Holdings Co., Ltd. and investment enterprises of Centennial Kangcheng Health Management Group.

Related questions and answers: