29Sep Reporter Li Bing On September 28, China Construction Bank Co., Ltd. (hereinafter referred to as: Construction Bank) issued the "Announcement on the Acceptance of Establishment of Consumer Finance Company", stating that it has received the approval from the China Banking and

2025/06/1012:13:34 hotcomm 1128

Sep

Reporter Li Bing

htmlOn September 28, China Construction Bank Co., Ltd. (hereinafter referred to as: Construction Bank) issued the "Announcement on the Acceptance of Establishing a Consumer Finance Company", stating that it has received the approval from the China Banking and Insurance Regulatory Commission to prepare for the establishment of a China Construction Bank and Insurance Regulatory Commission (hereinafter referred to as: Construction Bank Consumer Finance) and plans to invest 6 billion yuan to establish China Construction Bank Consumer Finance.

Su Xiaorui, senior analyst of the financial industry of iResearch Analysis, believes that the establishment of CCSC Consumer Finance means that the territory of China Construction Bank's retail finance will be further expanded.

According to the announcement, the registered capital of CCTV is 7.2 billion yuan, of which China Construction Bank plans to invest 6 billion yuan, holding 83.33% of the shares; Beijing State-owned Assets Operation Co., Ltd. plans to invest 800 million yuan, holding 11.11% of the shares, and Wangfujing Group Co., Ltd. invests 400 million yuan, holding 5.56% of the shares.

"In recent years, with the tightening of the supervision of the micro-loan industry, the value of consumer finance licenses has been amplified. Consumer finance licenses can complement the existing consumer loan business of banks and are also becoming the best tool for banks to achieve digital retail changes." Wang Pengbo, a senior analyst at Broadcom Analysis, analyzed that it is expected that in the future, China Construction Bank Consumer Finance will also strengthen cooperation with other shareholders in addition to the relevant scenario layout of China Construction Bank, and layout it in other important consumer scenarios and platforms.

Overall, in recent years, banks have increased their investment in consumer finance companies and have a clear trend. According to data from Zero One Think Tank, among the 30 consumer finance institutions, the banking system is the absolute main force, and more than half of the consumer finance institutions with banks participating and controlling shares account for.

reporter found that since this year, many banks have planned or obtained consumer finance licenses. For example, in May, Ningbo Bank issued the "Announcement on the Completion of 70% Equity of Huarong Consumer Finance Co., Ltd.", officially obtaining the consumer finance license; in August, Nanjing Bank completed the acquisition of Suning Consumer Finance controlling equity and renamed Nanyin Faba Consumer Finance Co., Ltd.

In addition, there are many banks on the road to applying for consumer finance licenses. For example, in April 2020, Jiangyin Bank issued an announcement stating that the board of directors had passed the proposal to establish a consumer finance company with unanimous votes; in December 2020, the official website of Fujian Strait Bank disclosed that the bank held a board meeting and reviewed and passed the proposal to establish a consumer finance company, etc.

Looking at the industry, the consumer finance industry is currently entering the fast lane. According to the "China Consumer Finance Company Development Report (2022)" released by the China Banking Association, as of the end of 2021, the loan balance of consumer finance companies exceeded 700 billion yuan, reaching 710.6 billion yuan, a year-on-year increase of 44.2%; the total assets reached 753 billion yuan, a year-on-year increase of 43.5%.

"Consumer finance companies are formal financial institutions specializing in consumer finance business and are important participants in the consumer finance market. For small and medium-sized banks, consumer finance companies are a national financial license that can help broaden operating area restrictions; for large banks, consumer finance companies' business is more inclusive and can complement existing credit cards, consumer loans, etc.." Dong Ximiao, chief researcher of Zhongguancun Internet Finance Research Institute, told a reporter from Securities Daily that from the perspective of the industry, the development of licensed consumer finance institutions established by some banks is not satisfactory. If the market-oriented mechanism is not introduced and the appropriate business development model is selected, consumer finance licenses may also become "scattered ribs" for banks.

Su Xiaorui predicts that in the future, the "bank-based" consumer finance companies will continue the characteristics of "the stronger the stronger", continue to make exploration attempts in key areas such as customer acquisition capabilities, scenario construction, and ecological creation, fully integrate consumer finance business with the retail business of shareholder banks, form a strong synergy, and jointly improve the level and ability to serve the real economy.