BOC Consumer Finance Co., Ltd. (hereinafter referred to as "BOC Consumer Finance") was established on June 20 10. It is one of the first consumer finance companies in China approved by China Banking and Insurance Regulatory Commission (formerly CBRC), a comprehensive operating company under China Bank and the first consumer finance company in Shanghai. Adhering to the concept of "building a high-quality consumer finance company in the new era", after years of intensive cultivation in the consumer finance industry, the company has set up 27 regional centers throughout the country to provide customers with simple, convenient, professional and flexible consumer finance services.
In 20 15 and 20 19, the company successively increased capital and shares, adhering to the century-old brand spirit and strategic guidance of Bank of China, giving full play to the strong commercial consumption scene advantages of An Baili Group, connecting the financial innovation of Lujiazui Financial Development Co., Ltd. with the resource advantages of the integrated financial holding platform, and introducing the rich experience and advanced frontier risk management concepts of Hong Kong Bank of China Card Company in the international consumer finance industry. Drawing on the practical management capabilities of Bode's innovative global top 500 enterprises such as strategic planning and operational governance, and Sequoia Capital's strategic investment insight based on long-term development, many years of excellent industry practice have accumulated market advantages of BOC consumer finance such as "risk control technology, financial technology, fund-raising brand, business model and management team", which has enabled BOC consumer finance to move forward in the direction of "becoming a leader in the field of consumer finance in China".
After years of steady development and exploration, BOC's consumer finance has made recognized achievements and verifiable excellent practices in the industry. In recent years, it has become a leader in the domestic consumer finance industry in terms of inclusive service network construction, loan amount, asset quality management level, profitability and continuous iterative optimization business model. Up to now, the business has covered nearly 200 cities in China, with more than 1000 cooperative merchants and outlets, providing convenient, professional and flexible consumer financing services for our customers. BOC Consumer Finance has been practicing inclusive finance, actively innovating and bravely exploring innovative products in the industry. 20 16 1 month, the company launched "asset-backed securities products for consumer loans" (ABS); Abbreviation); Financial bonds were successfully issued in 20 16, and ABS products were first issued in the same year 1 1 under the "registration system" of the central bank; 2065438+May 2007, the first ABS product in 2065438+2007 was also successfully released, which was sought after and praised by the market. The cumulative scale of the three issues is nearly 5.7 billion yuan.