Consumer finance companies will be allowed to start business. According to the ownership structure, Ant Technology Group is the largest shareholder, holding 50% of the shares. There are also three A-share listed companies in the list of shareholders, namely Contemporary Ampere Technology Co., Ltd., Qian Fang Technology and Yuyue Medical, with shareholding ratios of 8%, 7.0 1% and 4.99% respectively.
Consumer finance companies will be approved to start business1June 3, official website, Chongqing Banking Insurance Regulatory Bureau issued a reply on the opening of Chongqing Ant Consumer Finance Co., Ltd., and approved the opening of Chongqing Ant Consumer Finance Co., Ltd. with a registered capital of 8 billion yuan according to the relevant provisions of the Measures for the Implementation of Administrative Licensing of Non-bank Financial Institutions of China Banking Regulatory Commission and the Measures for the Pilot Management of Consumer Finance Companies.
According to the shareholding structure, Ant Technology Group, as the largest shareholder, holds 50% of the shares. There are also three A-share listed companies in the list of shareholders, namely Contemporary Ampere Technology Co., Ltd., Qian Fang Technology and Yuyue Medical, with shareholding ratios of 8%, 7.0 1% and 4.99% respectively.
Chongqing Ant Consumer Finance was approved for opening with a registered capital of 8 billion yuan.
On June 3rd, Chongqing Banking Insurance Regulatory Bureau issued a reply for the opening of Chongqing Ant Consumer Finance Co., Ltd., approving the opening of the company. The registered capital of the company is RMB 8 billion.
According to the shareholding structure, Ant Technology Group Co., Ltd. contributed RMB 4 billion, accounting for 50% of the company's registered capital. Nanyang Commercial Bank Co., Ltd. contributed RMB 654.38+0.2008 billion, accounting for 654.38+0.5438+0% of the company's registered capital. Guotai Shihua Bank (China) Co., Ltd. contributed RMB 800 million, accounting for 65,438+00% of the company's registered capital. Contemporary Ampere Technology Co., Ltd. New Energy Technology Co., Ltd. contributed RMB 640 million, accounting for 8% of the company's registered capital. Beijing Qian Fang Technology Co., Ltd. contributed RMB 560.8 million, accounting for 7.0 1% of the company's registered capital. China Huarong Asset Management Co., Ltd. contributed RMB 399.2 million, accounting for 4.99% of the company's registered capital. Jiangsu Yuyue Medical Devices Co., Ltd. contributed RMB 399.2 million, accounting for 4.99% of the registered capital of the company.
Consumer finance companies will be allowed to start business. According to the reply, Chongqing Ant Consumer Finance Co., Ltd. is approved to operate the following RMB businesses: (1) issuing personal consumption loans; (2) Accepting deposits from domestic subsidiaries of shareholders and domestic shareholders; (3) Borrowing from domestic financial institutions; (4) Issuing financial bonds upon approval. (5) Domestic interbank borrowing; (6) Consulting and agency business related to consumer finance; (7) Acting as an agent to sell insurance products related to consumer loans; (8) Fixed income securities investment business; (9) Other businesses approved by China Banking Regulatory Commission.
At the same time, according to the reply, Chongqing Ant Consumer Finance Co., Ltd. should report the relevant information in writing to our bureau within 1 month after completing the legal procedures such as industrial and commercial registration and tax registration, and start business within 6 months from the date of obtaining the business license.
Ant told Qu Jun that Ant Consumer Finance Company was approved by China Banking Regulatory Commission on September 14, 2020, and completed the preparatory work within the statutory preparatory period. After legal examination, it meets the requirements for opening business and is approved to open business today.
Ant mentioned that under the guidance of the regulatory authorities, ants have worked together with shareholders' meetings to meet consumers' financial service needs, participated in the construction of financial service system with cooperative financial institutions, and continuously improved the quality of financial services and the level of risk prevention and control.