Nine consumer finance companies including Beiyin and CITIC also face “blood nourishing”.
Text | Reporter Huang Yukun
On the evening of March 25, Changsha Bank (601577.SH) and Tongcheng Holdings (000419.SZ) issued an announcement, which intends to use its own funds to Hunan Changyin May Eight Consumer Finance Co., Ltd. (hereinafter referred to as “Changyin May 88Consumer finance “), the amount of capital increase in Changsha’s plan to increase is not more than 561 million yuan, and the amount of capital increase in Tongcheng Holdings does not exceed 150 million yuan.
Changyin May 8th Consumer Finance is the first company to increase capital increase after the release of the new regulations for the consumer finance industry.
On March 18, the State Administration of Finance and Administration Agency and the State Administration of Finance and Administration and the “Administrative Measures for Consumption Finance Corporation” (hereinafter referred to as the “Measures”).Yuan.The new rules will be implemented on April 18.
Relevant persons from Changsha Bank told the Times Weekly reporter that on the one hand, the capital increase is to consider the regulations on the registered capital of the “Method” in the “Measures”. On the other hand, the current consumer finance of Changyin May 8thSome capital supplements and support business development.
According to statistics, of the current 31 domestic licensed consumer finance companies, in addition to the long -term silver May 8th consumer finance, the registered capital of 9 institutions has a minimum limit of 1 billion yuan, and will also face capital increase.
Photo source: Tuwa Creative
Changyin May Eight Consumer Finance ushered in the second capital increase after its establishment.
According to the announcement, the capital increase price of Changyin May Eight Consumer Finance was 3.1572 yuan per share. Among them, Changsha Bank’s plan to increase the capital increase of not more than 561 million yuan, Tongcheng Holdings’s proposed capital increase of no more than 150 million yuan, and the total capital increase of 711 million yuan reached 711 million yuanYuan.The final amount of the capital increase is subject to the actual capital contribution after approval by the regulatory department.
Regarding the cause of capital increase, Changsha Bank stated in the announcement that the capital increase can further expand the market business scale of the bank’s holding subsidiary Changyin May 8th Consumer Finance, enhance their profitability and comprehensive competitiveness, and meet their sustainable development requirements.
Tongcheng Holdings also stated that at present, Changyin May Eight Consumption Finance is facing a critical period for development and quality improvement. By increasing capital to enrich capital, it can effectively break through long -term development of capital bottlenecks, effectively enhance market competitiveness, ensure sustainable and healthy development.It is practical significance to improve operating performance and better return shareholders in the future.
It is worth mentioning that both Changsha Bank and Tongcheng Holdings stated in the announcement that Changyin May 8th Consumer Finance’s capital increase was targeted at the original shareholders. If other shareholders gave up participating, their equity structure could change.
Changyin May Eight Consumer Finance was established in January 2017. The initial registered capital was 300 million yuan. After the first capital increase in 2018, the registered capital increased to 900 million yuan.At present, Changyin May Eight Consumer Financial shareholders are Changsha Bank (51%of the shareholding), Beijing Urban Net Neighborhood Information Technology Co., Ltd. (33%of the shareholding ratio) of 58 City Network Group, and Tongcheng Holdings (holding shares holding (shares holding shares)16%).
Time Weekly reporters learned that 58 companies under the city did not participate in the capital increase of Changyin May 8th Consumer Finance.”After the capital increase, the shareholding ratio of Tongcheng Holdings should be slightly increased, and the shareholding ratio of companies under the same city will be diluted.” The relevant person from Changsha Bank said.
As the first licensed consumer financial institution in Hunan Province, Changyin May Eight Consumer Finance’s performance in recent years has been performed among the consumer finance companies.
From 2020 to 2022, Changyin’s May 8th Consumer Finance realized operating income of 1.368 billion yuan, 1.544 billion yuan, and 2.327 billion yuan, and realized net profit of 281 million yuan, 363 million yuan, and 526 million yuan, maintaining a growth momentum.
The latest data shows that as of the end of September 2023, Changyin May Eight Consumer Finance’s total assets were 27.857 billion yuan. In the first three quarters, operating income and net profit were 2.387 billion yuan and 511 million yuan. The net profit was close to 2022.
After three months of public solicitation, the revised “Measures” was officially released on March 18 this year and will be implemented on April 18.
Specifically, the “Measures” stipulates that applying for the establishment of a consumer finance company, the registered capital is a one -time payment of money capital, and the minimum limit is free to exchange currencies with a value of 1 billion yuan or equivalent value, which was previously 300 million yuan.
Some analysts have analyzed the Times Weekly reporter that this is mainly to enhance the risk control capabilities of consumer finance companies and avoid the occurrence of damage to consumer rights incidents.
In addition to long silver May Eight Consumer Finance, there are 9 licensed and elimination companies with less than 1 billion yuan in registered capital, namely Beiyin Consumer Finance, CITIC Consumer Finance, Happiness Consumer Finance, Jin Commercial Consumer Finance, VipshopFubon Consumer Finance, Mongolian Consumer Finance, Shengyin Consumer Finance, Jincheng Consumer Finance, Jinmeixin Consumer Finance, of which Shengyin Consumer Finance registered capital was the lowest, only 300 million yuan.
In addition, the “Measures” also increased the proportion of major investors in consumer finance companies from not less than 30%to no less than 50%.
According to statistics from Times Weekly reporter, there are currently 15 shareholders of 31 licensed consumer finance companies holding less than 50%, accounting for nearly half of the proportion, and banks have more than half of the banks, with a total of 9.
