E-commerce giants and banks to accelerate the beach of consumer finance market, the eve of the Double Festival, two consumer finance company was approved to prepare for the construction, respectively, by the Vipshop and Bank of Jiangsu as the main sponsor.
On September 30, the official website of the China Banking and Insurance Regulatory Commission (CBIRC) released a notice saying that it agreed that Vipshop (China) Limited (hereinafter referred to as "Vipshop") would prepare for the establishment of Sichuan Vipshop Fubon Consumer Finance Co.
The CIRC also announced the approval of Suyin Kaiji Consumer Finance Co., Ltd. in Kunshan City, Jiangsu Province.
The reason why organizations have joined the consumer finance industry, the market prospect is the main reason.
Bank of Jiangsu preparations for consumer finance more than three years
September 30, the CBIRC announced that it agreed to the Bank of Jiangsu in Kunshan City, Jiangsu Province, to prepare for the construction of the Suyin Kaiji Consumer Finance Company Limited approval of the reply, the approval of the reply said that the Bank of Jiangsu should be in strict accordance with the requirements of the relevant laws and regulations to review the qualifications of the shareholders, to handle the preparatory matters, from the date of the approval of the six months to complete the preparatory work. The company's business is to provide the best possible service to its customers.
Previously, the A-share listed Internet company "two-three-four-five" (002195.SZ) disclosed in the 2020 semi-annual report, with the Bank of Jiangsu, KGI Commercial Bank and Hailan House *** with the initiation of the establishment of Jiangsu Suyin KGI Consumer Finance Company Limited (Preparation), the proposed registered capital of 600 million yuan, two-three-four-five contributed 0.54 billion yuan, and the two-three-four-five contributed 0.54 billion yuan. Four Five contributed 0.54 billion yuan, accounting for 9%.
According to the annual report disclosure, two-three-four-five first half of the performance is not ideal, to achieve revenue of 652 million yuan, down 63.76% year-on-year; to achieve a net profit of 209 million yuan, a year-on-year decline of 67.59%; to achieve a non-net profit of 173 million yuan, a year-on-year decline of 72.00%.
In this regard, two-three-four-five said that the performance decline was "affected by the adjustment of the financial technology service business in 2019, to stop providing new consumer financial service business for individual customers from the second quarter of the year, and the slowdown of China's Internet Internet users, the shrinking of the Internet dividend and the impact of the new crown epidemic."
Two Thirty Four Five said the development goal of the new strategy will gradually return to the development direction of technology-driven innovation.
It is reported that the company began to dabble in financial technology services as early as 2014, and the Bank of China Consumer Finance launched a network credit platform "online with the loan", which is the consumer finance market, the earliest microfinance platform. In the same year, the launch of cash loan products "2345 loan king", engaged in small loan services.
According to the agreement, the Bank of Jiangsu intends to use its own funds to contribute RMB 300.6 million and KGI Bank, 2-3-4-5 and Hailan House *** with the initiation of the establishment of Jiangsu Suyin KGI Consumer Finance Company Limited, the Bank of Jiangsu's share of the contribution of the Consumer Finance Company is 50.1%, the KGI Bank of Commerce contribution ratio of 33.4%, the proportion of contribution of the Hailan between the contribution of 7.5%.
For the advantage, the Bank of Jiangsu consumer finance and credit card center Shen Qin said, the Bank of Jiangsu in consumer finance through the use of mobile financial platforms, the use of big data and cloud technology, with the help of offline direct sales team and expert decision-making model, online and offline fusion as the basis for the integration of business technology integration as the fundamental, to promote the standardization of information technology, the innovation of mobile customer acquisition business model.
Vipshop consumer goods accidentally settled in Chengdu
In addition to Suning, Haier and other e-commerce giants, consumer goods track ushered in a new e-commerce player - Vipshop.
On September 30, the CBIRC "on the preparation of Sichuan Vipshop Fubon Consumer Finance Co., Ltd. approval," said Vipshop should be the company should be strictly in accordance with relevant laws and regulations to review the qualifications of shareholders, for the preparation of matters, from the date of the approval of the preparatory work to complete the preparatory work within six months.
September 17, Ant Group in Chongqing Municipality to prepare for the construction of Chongqing Ant Consumer Finance Company Limited was approved by the Bureau of Banking and Insurance Supervision.
According to the media, Jingdong Digital is also actively applying for a consumer finance license in Beijing, and the layout of the consumer finance of e-commerce seems to have become a standard.
In fact, Vipshop proposed to build a consumer finance company as early as 2018.
The then CFO of Vipshop, Yang Donghao, believes that more than 80% of Vipshop's users are women, which brings a huge traffic and data advantage, and is particularly conducive to carrying out consumer installments.
According to the second quarter of 2020 financial report, Vipshop's revenue of 24.1 billion yuan, net profit attributable to shareholders of the listed company of 1.536 billion yuan, maintaining a continuous profit, and higher than the market expectations, to achieve 31 consecutive quarterly profits.
Yingcan Consulting senior researcher Zhang Yexia believes that "consumer finance companies for personal loans, for Vipshop license value is higher. If the establishment of a consumer finance company by Vipshop and Fubon Financial Holdings is approved, it will bring new business opportunities to both sides."
However, Vipshop's financial report shows that CFO Yang Donghao will resign from Vipshop in November this year for personal reasons, and the board of directors has appointed Yang Donghao as a new non-executive director to take effect at the same time as his job change.
It is understood that this Fubon Financial Control and Vipshop cooperation to apply for a consumer finance license, September 19, 2018, Fubon Huayi Bank's parent group Fubon Financial Control issued an announcement that it intends to participate in the initiation of the establishment of a consumer finance company with 125 million yuan, accounting for 25% of the share, with the aim of promoting Fubon Huayi Bank to expand its personal business, and to gain experience in Internet finance.
Industry insiders analyze, Fubon Financial Control and Vipshop cooperation is because its banking industry engaged in consumer finance experience is richer, can transplant technology; engaged in consumer finance must have the scene, partners are important.