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Produced by | Consumer Finance Channel
65438+ 10 17, the website of the Bank of China Insurance Regulatory Commission issued a reply on the establishment of Chongqing Xiaomi Consumer Finance Co., Ltd. (hereinafter referred to as "Xiaomi Consumer Finance"), and agreed that Xiaomi Communication Technology Co., Ltd. would establish Chongqing Xiaomi Consumer Finance Company in Chongqing.
With the successful approval of Xiaomi's consumer finance and the immediate consumer finance license, Chongqing has also become a city with more than two licensed consumer finance companies after Beijing and Shanghai.
The Bank of China Insurance Regulatory Commission proposed that Xiaomi should strictly review the qualifications of shareholders and handle the preparatory work in accordance with the requirements of relevant laws and regulations, and complete the preparatory work within 6 months from the date of approval.
According to media reports, Xiaomi Consumer Finance was jointly established by Xiaomi Company, Chongqing Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Chongqing Rural Commercial Bank"), Chongqing Jinshan Holdings (Group) Co., Ltd., Chongqing Dashun Electric Appliances (Group) Co., Ltd. and Chongqing Jinguan Laijie Hardware and Electrical Appliances Market Co., Ltd., with a planned registered capital of 6,543.85 billion yuan.
Chongqing Rural Commercial Bank, one of the owners of Xiaomi Consumer Finance, invested 450 million yuan and held 30% of the shares. Chongqing Rural Commercial Bank made a good start. It was successfully listed on the A-share market on 20 19129 October, and is the first "A+H-share listed rural commercial bank" in China. At the same time, it also plans to develop consumer finance business. On the basis of 65,438+0 financial leasing companies and 65,438+02 rural banks, it is planned to apply for more new licenses to lay out diversified business strategies and enhance the profitability of the Group.
Xiaomi once said that the original intention of establishing Xiaomi consumer finance is to base itself on Chongqing, link online and offline, radiate the whole country, aggregate the advantages of shareholders, and help the efficient connection between finance and consumption scenarios. Xiaomi, who tried to build an ecology, hit it off with Chongqing Rural Commercial Bank.
Xiaomi Group has been planning in the financial field for a long time. Previously, it tried to test the consumer finance business by setting up a microfinance company. In 20 15, Xiaomi Finance went online, with loans and third payment as its core business, and gradually obtained a number of financial licenses such as insurance, factoring and banking, basically realizing the full license layout, and launched Xiaomi Financial APP, Xiaomi Loan APP, Xiaomi Wallet APP and other applications.
Even though Xiaomi has shown great ambition in the financial field, the development of Xiaomi Finance is not smooth. In 20 17, Lei Jun announced that Xiaomi Finance would be one of the important development businesses, but by 20 18, the whole P2P industry was well known, perhaps because of this, Lei Jun kept his mouth shut about Xiaomi Finance that year. However, from 2065438 to April 2009, Xiaomi Finance showed signs of recovery again. Jinshanyun, Xiaomi Finance and Wang Xin Bank signed a strategic cooperation agreement and announced the joint construction of a new ecology of financial technology.
Selling mobile phones and selling ecology, how can Xiaomi give up this road that is conducive to realizing? Subsequently, on June 5th, dozens of financial institutions including Bank of China, Industrial and Commercial Bank of China and China Postal Savings attended the ABS Investor Conference of Xiaomi Finance. At this time, Xiaomi Finance, which has a "brand" attitude, has created a "credit farce".
Some users complained about Xiaomi Finance on platforms such as gathering complaints and black cat complaints, calling it "normal repayment, and no repayment or collection reminder was received after the deadline". According to the contract, the user paid the money into Xiaomi Financial APP in full on the repayment date, but received an "overdue warning" message from Minsheng Bank, the lender of the fund, warning him that the repayment was overdue and would submit the overdue information to the "Financial Credit Information Basic Database".
According to Xinhua News Agency, Xiaomi Finance assumed the role of "information intermediary" in this incident, earning commissions by matching and matching bank funds with users' needs. The contract stipulates that the borrower needs to repay the loan through Xiaomi Finance APP first, and then Xiaomi Finance transfers the repayment to the bank.
According to Xiaomi Finance's explanation, the borrower's problem is that the docking system between Xiaomi Finance and Minsheng Bank is abnormal for some reasons, so the repayment information of some users is not updated in time. The system crashed, and the bank found that a group of overdue borrowers claimed to report credit information without checking their repayment strength, which made it difficult for a group of users to accept. Whether it is to send 100 yuan interest-free coupons to appease users or to resume credit investigation within 30 working days, the security problems exposed by this "credit investigation farce" cannot be repaired.
In the financial field, the most important issue is security, but after the "credit farce", another fraud case occurred in which criminals pretended to be Xiaomi Financial Customer Service. Because these scammers can tell the victim's personal information and the name of the graduate school, including the loan time and loan record of Xiaomi Financial APP, the victim believes it, which also exposes that Xiaomi Finance may have loopholes in managing users' personal information.
Xiaomi has been exploring in the financial industry for many years, but the black history of the past will not become a thing of the past with the acquisition of financial licenses. Xiaomi should hold more awe of consumer finance and improve the ability to serve users. This is a further and better foundation in the field of consumer finance.
Hu Wei, assistant to the chairman of Xiaomi Finance and general manager of the financial institutions department, once publicly stated that "the accumulated consumer loans of Xiaomi Financial Internet Small Loan Plate exceeded 65.438+05 billion, and the loan balance exceeded 30 billion; The supply chain finance sector serves Xiaomi's ecology with Xiaomi's deep industrial chain. "
At present, Xiaomi's achievements in finance mainly focus on Internet micro-loans based on general users and supply chain finance based on enterprises. Xiaomi users and Xiaomi's industrial chain ecology are their own advantages developed from mobile phones, but they have not been deeply cultivated. For example, in terms of payment and insurance, Xiaomi and well-known enterprises in the industry cannot be compared in parallel. After obtaining the consumer finance license this time, Xiaomi can take a further step in the financial field and provide a new dimension for the construction of Xiaomi's ecology.