The CBRC Approved The Opening Permit To Become The Largest Consumer Finance Companies With The Largest Registered Capital.

The official website of the China Banking Regulatory Commission officially announced the approval of the Shenzhen Banking Regulatory Bureau on the recruitment of consumer finance limited, and approved the approval of the joint finance company limited.

Recruitment of Consumer Finance Limited registered capital of 2 billion yuan.

This is the second internet financial institution that has won the approval of the CBRC and the Consumer Finance Companies with the largest registered capital in China.

This

Including the name of the institution, the residence of the institution,

The registered capital, the constitution of the shareholders and the amount of capital contribution, the qualification of the senior executive and the scope of operation, etc.

The CBRC's official reply document shows that the name of the authorized institution is the recruit Union consumer finance company, the English name is Merchants union Consumer Finance Company Limited.

The registered capital of the company is 2 billion yuan, and the two largest share is 50% of ing Lung Bank Ltd and China United Network Communications Corp.

The scope of business mainly includes issuing personal consumption loans, accepting deposits from domestic shareholders and domestic shareholders, and issuing financial bonds after approval.

Insurance products related to consumer loans and fixed income securities investment business.

At the end of September 2013, when the CBRC announced the expansion of the pilot cities of Consumer Finance Companies, in August 28, 2014, Hongkong's Wing Lung Bank, a wholly owned subsidiary of China Merchants Bank, and the "recruit Consumer Finance Company Limited", which was set up by China Unicom, became the first Consumer Finance Companies to be approved for construction. This is also the first Consumer Finance Companies in China established under the framework of "Closer Economic Partnership Arrangement between Mainland and Hongkong" (that is, CEPA).

Like micro private banks, Internet banking and other private banks, Consumer Finance Companies is also a major initiative in financial innovation, and will become an important part of helping to build a multi-level financial system.

Compared with Tencent, the largest shareholder of Internet banking is Alibaba, which attracts the attention of the two strong shareholders of China Merchants Bank and China Unicom.

Industry analysts said that the recruitment finance will integrate China Merchants Bank's rich financial innovation capability, precise risk management experience, and China Unicom's strong communication operation capability and user groups. The cooperation of the two heavyweight shareholders is expected to create a new consumer finance giant under the Internet mode, promote financial product innovation, and provide better financial services to customers, and the prospect is worth looking forward to.