According to the Interim Measures for the Management of Online Microfinance Business (Draft for Comment) issued by the Central Bank and the China Banking Regulatory Commission on June 5438+065438+ 10, 2020 (hereinafter referred to as the "New Regulations on Online Microfinance"), small loan companies need to meet two conditions for operating online microfinance business in provincial administrative regions. First, you need to obtain a network micro-loan business license (valid for 3 years) issued by the supervision and administration department of the State Council or the banking supervision and administration institution, and secondly.
According to Qixinbao, Longxie Small Loan was established in June 2009. On June 6 this year, the registered capital of the company increased from 3.5 billion yuan to 5 billion yuan, and the paid-in capital at present is 6,543.80 billion yuan. If we want to realize the cross-regional exhibition industry of online small loans, we need to supplement the paid-in capital.
As for shareholders, Chongqing Longhe Technology Co., Ltd. (hereinafter referred to as "Longhe Technology"), Dongguan Dejit Software Technology Co., Ltd. (hereinafter referred to as "Dejit Software") and Dongguan Tengsheng Software Technology Co., Ltd. (hereinafter referred to as "Tengsheng Software") hold 93.4%, 5% and 65,438+0.6% respectively, of which Longhe Technology is a wholly-owned subsidiary of Tengsheng Software. After the equity penetration, natural person Duan and Shi held 49.95% and 47.95% respectively, making them the first and second largest shareholders.
According to public information, Duan is the vice president of OPPO Group and the president of mobile phone product line, and Shi is the senior vice president of vivo. In 2020, Longhe Technology and Tengsheng Software entered the company with small loans and obtained online small loan licenses. In addition, Chongqing Li Qian Technology Co., Ltd., which holds 5% of the shares of Longhe Technology, has a payment business license and can issue and accept prepaid cards in Chongqing. At present, its payment license has been approved for renewal from June 26, 2022 to June 26, 2027.
In 2020, OPPO and its brother brand vivo*** won the online small loan license, which was regarded by the industry as a signal that two 3C manufacturers laid out their finance in a big way. However, compared with Xiaomi, which developed its financial business only on 20 15, OPPO's financial business started late.
From 20 18, OPPO set up a financial business line. On June 20 19, Chen, the former and Xiaomi financial credit manager, joined OPPO finance as CEO. After Chen took office, OPPO wallet was officially launched, and financial services such as payment, loan, wealth management and joint credit card were gradually introduced.
In March 2020, after OPPO and vivo jointly acquired Longxie Small Loan, but in September 2020, Chen left OPPO Finance one year after joining the company, and OPPO launched an independent App "Qiubei Finance" open to all mobile phone users, which is also the prototype of today's "Huantai Finance" App, mainly providing two financial services: "Qiubei Good Finance" and "Qiubei Good Borrowing". According to public media reports at that time, App Store showed that Qiubei financial developer took a small loan for Longna, and the operator was Shenzhen Laibo Network Technology Co., Ltd.
However, in June 2020, Chen, who worked for one year, left OPPO Finance.
Also in this year, the financial regulatory authorities jointly talked about Ant Group, and the rectification work of the Internet giant kicked off. Specifically, the regulatory authorities put forward five requirements:
First, return to the origin of payment, enhance the transparency of transactions and prohibit unfair competition. The second is to operate personal credit information business in compliance with laws and regulations to protect the privacy of personal data. The third is to set up financial holding companies according to law, strictly implement regulatory requirements, and ensure sufficient capital and compliance with related party transactions. The fourth is to improve corporate governance, and strictly rectify illegal financial activities such as credit, insurance and wealth management in accordance with the requirements of prudential supervision. Fifth, carry out securities fund business according to law, strengthen the governance of securities institutions, and carry out asset securitization business according to law.
Under the background of stricter financial supervision of technology companies, in June 2020, 1 1, Shenzhen Laibo Network Technology Co., Ltd. was renamed as Shenzhen Huantai Digital Technology Co., Ltd. (hereinafter referred to as "Huantai Digital"), and Xu Lifu, CEO of Huantai Digital, came from Huawei.
At present, the financial services provided by Huantai Financial App include credit, wealth management and insurance. In terms of wealth management products, it involves funds and brokerage asset management products. Financial credit and installment products are funded by Zhongyuan Consumer Finance, CITIC baixin bank, Sichuan New Network Bank, Longxie Small Loan, Zhongguancun Bank, etc.
According to official website information of Shanghai Stock Exchange, the special asset support plan of CITIC Jiantou-Dragon Phantom series consumer 1- 10/-kloc-0/0 was accepted by Shanghai Stock Exchange on February 2, 2022, and received feedback on April 8. The original owner is Longxie Small Loan, and the plan manager is CITIC Jiantou Securities Co., Ltd., and the amount of ABS to be issued is 3 billion yuan.
This is also the first time that Dragon has applied for issuing small loan ABS.
For a long time, online small loan companies are the main issuers of consumer loan ABS. For some large-scale online small loans, it is a common means to amplify loan leverage through ABS financing before the new draft of online small loans is issued.
After the release of the draft of the new regulations for online small loans, a number of regulations directly point to "controlling leverage" and limit the disorderly expansion of leverage of online small loan companies: in a single joint loan, the proportion of investment of online small loan companies shall not be less than 30%. The leverage ratio of external financing is limited to less than 5 times, that is, the balance of non-standard financing (bank loans, shareholder loans, etc.). ) the online small loan company shall not exceed 1 times of its net assets; Standardized financing balance (bonds, asset securitization products, etc.). ) shall not exceed 4 times the net assets.
This means that online small loan companies need more capital to leverage loans.
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