JD.com 's small loan company is about to complete a round of capital increase, according to people familiar with the matter.
According to Qixinbao APP data, there are currently four small loan companies under JD.com Technology, namely, Chongqing JD.com Tongying small loan, Chongqing JD.com Shengji small loan, Beijing Jinghui small loan, and Shanghai Jinghui small loan, with registered capital of 1.7 billion yuan, 1.6 billion yuan, 1 billion yuan and 900 million yuan respectively.
According to the person familiar with the matter, a small loan company owned by JD.com in Chongqing will increase its capital to 5 billion yuan to meet regulatory requirements. "the process has been going for a long time and is about to be completed."
Since the beginning of this year, a number of financial technology companies have increased their capital to their small loan companies, and Tencent's Tenpay online small loan also increased its capital to 5 billion in April this year. In June, the registered capital of Shenzhen Zhongrong Micro loan Co., Ltd., an online small loan company owned by byte jump, increased to 5 billion, and the registered capital of Chongqing Meituan Sankuai Micro loan Co., Ltd., a subsidiary of Meituan, increased from US $460 million to 3 billion yuan.
The differentiation of the layout of online small loans in the main Jinke companies
On November 2, 2020, the Banking and Insurance Regulatory Commission and the Central Bank issued the interim measures for the Administration of Network Micro-loan Business (draft for soliciting opinions) to add new controlling shareholders and registered capital restrictions. The registered capital of the network small loan company is not less than 1 billion yuan, and the registered capital of inter-provincial operation is not less than 5 billion yuan.
According to the statistics of online loan House, of the 245 online small loan companies that have completed industrial and commercial registration as of November 2019, only 10% have registered capital of 1 billion yuan.
In that case, whether or not to continue to increase capital to 5 billion yuan to continue to expand the industry across regions has become a business decision-making issue for online small loan holders to consider in terms of financial investment and business direction.
In addition, the draft also clearly limits the leverage ratio of "joint loans". In a single joint loan, the contribution proportion of a microfinance company engaged in online microfinance business shall not be less than 30%.
According to the analysis of industry insiders, this requirement will accelerate the transformation of Jinke platform holding network small loan license to the aid loan mode, while for Jinke platform which not only has network small loan license, but also has consumer payment license or bank license, the importance of network small loan license will be greatly reduced.
Such as 360, its Fuzhou 360The network small loan, does not see its capital increase at present, the registered capital is only 500 million yuan. However, 360 has actively assisted in the transformation of "light assets" in recent years, not only taking a stake in Tianjin Jincheng Bank last year, but also signing a strategic cooperation agreement with Harbin Consumer Finance in April this year to continue to build a financial license "moat".
In addition, Xiaomi's Chongqing Xiaomi Xiaofeng currently has a registered capital of US $450 million, but Xiaomi still has a Hong Kong virtual banking licence and a consumer finance license.
According to the interim measures for the Administration of Network Micro-loan Business (draft for soliciting opinions), the controlling shareholders of network small loans have made continuous profits in the last two fiscal years and the total amount of taxes paid is not less than 12 million yuan. The number of cross-provincial network small loan companies that the same investor, its related parties and concerted actors participate in as major shareholders shall not exceed 2, or the number of holding cross-provincial network small loan companies shall not exceed 1.
The reporter found from Qixinbao APP that Beijing Zhengdong Financial Control Information Service Co., Ltd., a 100% holding subsidiary of JD.com Technology, holds 40% of Shanghai Jinghui small loan shares, 100% of Beijing Jinghui small loan shares and 62.5% shares of Chongqing JD.com Sheng Ji Micro loan Co., Ltd. In addition, Zhengdong Financial controls 100% of Tianjin Oriental Qiming Technology Co., Ltd., while the latter holds 100% of Chongqing JD.com Tongying Microfinance Co., Ltd.
JD.com Technology, as the leading platform of financial technology, at present, in addition to the small loan license and a direct selling bank license in cooperation with China Merchants Bank, there is still a lack of consumer finance license resources. increase the capital of a small loan company it controls to 5 billion yuan to carry out cross-provincial business, or make reasonable arrangements.
Internet platform loan needs to be standardized
At present, the loan business is undergoing a new round of strict supervision. Since the central bank and other regulatory authorities interviewed 13 Internet platforms, the "licensing" of financial business has become an industry compliance trend. Recently, the central bank also requires that the information between the Internet platform and financial institutions is "disconnected". In this context, the loan business of the Internet platform may be further standardized, but in a short period of time. The pressure on business model adjustment will increase, and financial business may still be an important step for the powerful Internet head platform.
In recent years, byte jumping has accelerated the acquisition of financial licenses. Last year, it first won the online small loan license, and then acquired Wuhan Hezhong Yibao Technology Co., Ltd., obtaining a third-party payment license to carry out financial lending, payment, loan-assisted diversion and ecological services in Jinri Toutiao, Douyin and other large-flow APP.
However, the Internet platform in order to pursue the flow of some chaos, but also for a long time, about improper charges, violent collection and other complaints are not uncommon.
This issue has also aroused great concern from the regulatory authorities. On July 16, the official website of the Bancassurance Regulatory Commission issued the measures for the Supervision and Evaluation of Consumer Rights and interests Protection of Bank and Insurance institutions (hereinafter referred to as the "measures"), which shall enter into force as of the date of publication. The "measures" also set indicators such as the management of cooperative institutions and consumer insurance review in view of the problems of eliminating chaos on the Internet platform, as well as excessive complexity and multi-layer nesting of financial products. Bancassurance institutions are required to strengthen consumer insurance management of third-party cooperation institutions such as Internet platforms.
In Chongqing, where small loan companies are registered, according to media reports recently, the Chongqing Banking and Insurance Regulatory Bureau issued the Circular on further regulating the Internet loan Business of Banking Financial institutions (hereinafter referred to as the "notice"), which emphasizes the protection of the legitimate rights and interests of financial consumers. Banking financial institutions shall specify in the written cooperation agreement that cooperative institutions shall not charge interest fees from borrowers in any form (except insurance companies and institutions with guaranteed qualifications), but banking financial institutions shall pay service fees in accordance with the agreement. The level of relevant fees shall be reasonably determined by the banking financial institutions and cooperative institutions in accordance with their operating costs, and shall not be directly linked to the loan amount, loan interest rate, income, profit and other indicators.
With the gradual increase of the policy concern of data security, personal information protection and financial consumer protection, the credit and loan business of the Internet platform in the future may usher in the development stage of slow growth and strong compliance.
