1. Banks
1. The stock market is hot and the interest rate of consumer loans is falling Nearly 50 banks have issued a statement prohibiting the inflow of credit funds into the stock market
On October 8, the financial management department has given guidance to commercial banks, and bank credit funds are strictly prohibited from entering the stock market in violation of regulations, and a number of banks have followed suit to issue relevant statements. According to incomplete statistics, as of October 11, nearly 50 banks have issued statements on strictly prohibiting the flow of credit funds into the stock market and other fields. 【Blue Whale Finance】
2. Financial compliance in the third quarter: fines related to non-performing increased sharply Some institutions were fined for the flow of loan funds to the stock market
According to statistics, in the third quarter of this year, financial institutions received a total of 1,895 fines from major financial regulatory authorities, with a total of 546 million yuan confiscated. Both month-on-month and year-on-year, penalties have been significantly reduced. Among them, the amount of fines and confiscations decreased by 17.73% month-on-month and 34.31% year-on-year. From the perspective of the reasons for the punishment, the banking industry was fined more in the third quarter of this year for violations of laws and regulations, including inadequate loan management, inadequate "three checks" on loans/failure to perform due diligence, imprudent credit management, illegal issuance of loans, inadequate management of employee behavior, violation of anti-money laundering laws, false transfer of non-performing assets, and illegal handling of bank acceptance bills. The insurance industry has been fined for many violations of laws and regulations, including the preparation of false financial information, deception of policyholders, failure to use the recorded insurance terms and rates in accordance with regulations, false listing of expenses, and inadequate internal control. 【21st Century Business Herald】
3. Bank of Nanjing received more than 1% stake from Jiangsu state-owned assets, and the bank's share price has risen by more than 48% this year
On October 10, Bank of Nanjing announced that based on its confidence in the future development of Bank of Nanjing and recognition of its value growth, Eastern Airport Group Investment Co., Ltd. will increase its stake in Bank of Nanjing through centralized bidding through the Shanghai Stock Exchange trading system with its own funds from August 23, 2024 to October 9, 2024. The announcement disclosed that Eastern Airport Group Investment Co., Ltd. increased its holdings of about 116 million shares of Bank of Nanjing. Before the increase, Eastern Airport Group Investment Co., Ltd. did not hold shares in Bank of Nanjing; After the increase, the shareholding ratio of Eastern Airport Group Investment Co., Ltd. to the total share capital of Bank of Nanjing is 1.09% (calculated based on the total share capital of Bank of Nanjing on October 9, 2024 is about 10.596 billion shares). 【The Paper】
4. In this round of market, Bank of Suzhou received an increase of 14,775,200 shares from major shareholders
In the current round of A-share market, the first major shareholder of a city commercial bank increased its holdings. Recently, Bank of Suzhou announced that it received a notice from the largest shareholder, Suzhou International Development Group Co., Ltd. (hereinafter referred to as "Guofa Group"), that Guofa Group increased its holdings of about 14,775,200 shares of the bank through the secondary market from September 19 to October 8, accounting for 0.40% of its total share capital. The announcement disclosed that Guofa Group's increase in holdings is based on its confidence in the future development prospects of Bank of Suzhou and the recognition of its long-term investment value, and the increase in holdings is based on centralized bidding. Before the increase, Guofa Group held about 433 million shares of Bank of Suzhou, with a shareholding ratio of 11.82%; After the increase, Guofa Group holds about 448 million shares of Bank of Suzhou, with a shareholding ratio of 12.2%. 【WEMONEY LABORATORY】
5. Bank of Zhengzhou completed the transfer of 10 billion yuan of non-performing assets to Zhongyuan Assets
Bank of Zhengzhou received RMB 5 billion in cash and trust beneficiary rights with a total value of RMB 5 billion from Zhongyuan Asset Management Co., Ltd. (hereinafter referred to as "Zhongyuan Asset Management"), and transferred all credit assets and other assets as of July 21 (the base date) to Zhongyuan Asset Management. On October 7, Bank of Zhengzhou announced that it had received 5 billion yuan in cash and trust beneficiary rights with a total value of 5 billion yuan from Zhongyuan Asset Management to Bank of Zhengzhou, and transferred all credit assets and other assets as of July 21 (base date) to Zhongyuan Asset. The contract for the transfer of the relevant assets came into effect on 26 September. 【The Paper】
2. Consumer Finance
1. Shareholders are optimistic! Haier increased its capital to 2.09 billion yuan
On October 4, Haier Consumer Finance Co., Ltd. (hereinafter referred to as "Haier Consumer Finance") completed the change of industrial and commercial information, and the registered capital increased from 1.5 billion yuan to 2.09 billion yuan. It is reported that the capital increase is to increase the registered capital with undistributed profits of 590 million yuan, and the equity structure remains unchanged. In recent years, with the high-quality development of the mainland's consumer finance market, financial institutions have increased investment to build their core competitiveness. The capital increase can not only enhance the company's financial strength and further expand its scale, but also means that it will have greater flexibility and development space in product research and development, technological innovation, customer service, etc. 【WEMONEY LABORATORY】
2. Beijing Bank Consumer Finance plans to transfer more than 2.7 billion yuan of non-performing personal loans
Recently, Beiyin Consumer Finance Co., Ltd. (hereinafter referred to as "Beiyin Consumer Finance") issued an announcement stating that it will publicly transfer the 14th phase of personal non-performing loans (personal consumption loans) in 2024. The total outstanding principal amount of the loans amounted to $2.069 billion, the total outstanding interest amounted to $661 million, and the total outstanding principal and interest amounted to $2.730 billion. The asset transfer adopts the method of online public bidding, with a starting price of only 15.8 million yuan, and the discount rate is less than 0.1%. According to the announcement, the transfer of assets involves 72,603 borrowers, and the number of assets is 73,330, all of which are credit loans, unsecured and unsecured, and all losses have been written off. The average outstanding balance of principal and interest of the borrower was 37,600 yuan, and the weighted average overdue days reached 3,067.73 days. 【Asset Experience】
3. Changyin 58 capital increase was approved, and Tongcheng Holdings increased its capital by about 150 million
On October 8, Changsha Tongcheng Holdings Co., Ltd. (hereinafter referred to as "Tongcheng Holdings") announced that the capital increase plan of its shareholding subsidiary, Hunan Changyin 58 Consumer Finance Co., Ltd. (hereinafter referred to as "Changyin 58 Consumer Finance"), has been approved by the Hunan Financial Regulatory Bureau. According to the announcement, Tongcheng Holdings and Bank of Changsha Co., Ltd. (hereinafter referred to as "Bank of Changsha") will jointly increase the capital of Changyin 58 Consumer Finance with their own funds. The capital increase of Tongcheng Holdings will not exceed 150 million yuan. After the completion of the capital increase, the registered capital of Changyin 58 Consumer Finance will increase from 900 million yuan to 1123689091 million yuan. Among them, Changsha Bank has a 56.66% stake, Beijing City Netlin Information Technology Co., Ltd. has a 26.43% stake, and Tongcheng Holdings has a 16.91% stake. 【Sina News】
3. Fintech
1. The cardholder payment has completed the fund settlement, and the stock acquiring business has been completely suspended
Recently, Cardholder Payment issued an announcement on the suspension of payment business, due to the adjustment of the company's management decision, it was decided to operate the existing business until September 30, 2024, and the orderly withdrawal and clean-up of the business with hidden risks, after September 30, 2024, the original stock of merchant bank card acquiring business will be suspended, due to the National Day holiday, the liquidation work will be completed before October 8, 2024 after all the funds to be liquidated. Founded in Shanghai in 2003, CardPay was born as a subsidiary of China UnionPay in the early days. In 2009, after the share restructuring of Cardholder Payment, a new stage of development was opened. 【Payment Encyclopedia】
2. Ant Insurance officially announced Liu Yifei as the first global brand spokesperson
Recently, Ant Insurance, an Internet insurance optimization platform, announced that actor Liu Yifei has become Ant Insurance's first global brand spokesperson. It is reported that this is the first time that Ant Bao has used a brand spokesperson since its establishment 8 years ago. Ant Insurance has cooperated with insurance companies to create a series of products such as return freight insurance, account security insurance, good medical insurance, pet insurance, etc., and currently cooperates with more than 90 insurance institutions across the country to jointly serve more than 600 million users. Search for "Ant Insurance" in the Alipay app, and you can find a full range of insurance products such as health insurance, savings insurance, home property insurance, and pet insurance. 【WEMONEY LABORATORY】
3. The Beijing Financial Regulatory Bureau reminds to be wary of online loan "routines": pay attention to the real interest and fee levels
The Beijing Regulatory Bureau issued an announcement on the "Risk Reminder on Vigilance against Online Loan "Routines". According to the announcement, recently, some consumers have reported that they have encountered problems such as opaque interest fees, high actual borrowing costs, personal information leakage, and excessive borrowing when taking loans through the Internet, and their legitimate rights and interests have been seriously infringed. At the same time, in order to protect the legitimate rights and interests of consumers, the Beijing Financial Regulatory Bureau reminds consumers: when handling loan business, carefully read the terms of the contract, fully understand the loan conditions, pay attention to the real interest level of the loan business, and be wary of inducing marketing and propaganda rhetoric. Protect personal privacy information and be cautious in authorizing information. Accurately assess one's own affordability, consume rationally, borrow reasonably, and maintain personal good credit. 【Financial Tiger】
4. Two microfinance licenses will be cancelled
Recently, the official website of the Qingdao Local Financial Administration announced that it intends to cancel the pilot qualification of Qingdao Chengyang District Yaliancai Microfinance Co., Ltd., and the publicity period is from September 25, 2024 to October 12, 2024. Qingdao Yaliancai Microfinance was established in December 2013 with a registered capital of 200 million yuan and the sole shareholder Asia United Finance Co., Ltd. (hereinafter referred to as "BAACAI"). The predecessor of BAA Finance was Japan International Capital Corporation Limited, founded in 1991, the founder was Akihiro Nagahara, formerly known as Zhang Binghuang, known as the "father of Hong Kong small loans", and officially changed its name to Asia United Finance Co., Ltd. in 1993. BAA is a subsidiary of Sun Hung Kai Limited, a company listed on the Hong Kong Stock Exchange and principally engaged in personal and corporate lending business in Hong Kong and the Mainland, with its consumer finance business in the Mainland mainly relying on BAA's microfinance companies. 【Hejin Finance】
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