Recently, the registered capital of Fuzhou 360 Security Technology Inc(601360) online microfinance Co., Ltd. increased from 1 billion yuan to 5 billion yuan.
In fact, since 2021, Internet giants including Tencent, jd.com, meituan and bytecode have increased the registered capital of their small loan companies to 5 billion yuan. Many experts believe that this reflects the Internet platform’s desire to obtain a national network small loan license to carry out financial lending business.
several small loan companies intensively increased capital
Tianyancha information shows that the registered capital of Fuzhou 360 Security Technology Inc(601360) online microfinance Co., Ltd. has changed, and the registered capital has increased from 1 billion yuan to 5 billion yuan. The company was established in 2017 and its shareholder is Shanghai Qiyu Information Technology Co., Ltd. Shanghai Qiyu is wholly owned by Shanghai Qibu Tianxia Information Technology Co., Ltd. (i.e. the company affiliated to 360 digital technology).
Since 2021, Internet giants including Tencent, jd.com, meituan and bytecom have increased their capital in their small loan companies.
Tianyancha information shows that in December 2021, the registered capital of Chongqing Jingdong Shengji microfinance Co., Ltd. increased from 3 billion yuan to 5 billion yuan. In August 2021, the registered capital of the company increased from 1.6 billion yuan to 3 billion yuan. The major shareholder of Jingdong small loan is Beijing Zhengdong financial holding Information Service Co., Ltd., which is wholly owned by Jingdong technology. After the capital increase, Zhengdong financial holding holds 88% of Jingdong small loan.
In April 2021, Shenzhen TenPay network finance microfinance Co., Ltd. underwent industrial and commercial changes, and its registered capital increased from 2.5 billion yuan to 5 billion yuan. The company was founded in October 2013 and is wholly owned by Shenzhen Tencent domain computer network Co., Ltd.
In June 2021, Shenzhen Zhongrong micro loan Co., Ltd., a subsidiary of Shenzhen Zhongrong micro loan Co., Ltd., changed its registered capital from 3 billion yuan to 5 billion yuan. Since 2021, the company has increased its capital twice continuously, and its registered capital has increased from 1 billion yuan to 5 billion yuan at present.
In August 2021, Chongqing meituan Sankuai microfinance Co., Ltd. underwent industrial and commercial changes, and the registered capital of the enterprise increased from 3.058 billion yuan to 5 billion yuan. The company was established in November 2016 and is wholly owned by Beijing Sankuai Online Technology Co., Ltd.
seek national exhibition industry
Why did the small loan companies under the Internet giant increase their capital to 5 billion yuan? Many experts said that this is to meet the threshold of cross provincial exhibition industry.
In November 2020, the CBRC and the central bank publicly solicited opinions on the Interim Measures for the administration of online small loan business, which requires that online small loan business should be mainly carried out in the provincial administrative region where the company is registered, and very few can carry out online small loan business across provincial administrative regions only after approval. In terms of registered capital, the measures put forward that the registered capital of small loan companies operating network small loan business across provincial administrative regions shall not be less than RMB 5 billion, and they shall be one-time paid in monetary capital.
According to the reporter’s incomplete statistics, up to now, small loan companies with a registered capital of 5 billion yuan or more include Chongqing ant small and micro loan Co., Ltd., Nanning Jintong small loan Co., Ltd., Chongqing Du Xiaoman small loan Co., Ltd., Chongqing Suning small loan Co., Ltd., etc. At present, most of the companies that have reached the threshold of cross Provincial Exhibition are microfinance companies under Internet enterprises.
Huang Dazhi, a senior researcher at Suning Institute of finance, said that there are two ways for Internet giants to carry out financial business: first, get financial licenses such as consumer finance companies and banks; The second is to establish a network small loan company that can cross provincial exhibition industry.
“The license of small loan company is approved by the local financial regulatory department, which is relatively easy for Internet giants to apply.” Dong ximiao, chief researcher of Zhaolian finance, said that previously, the online small loan business could be operated nationwide, which is essentially a national license. For Internet companies, the online small loan license has strong availability and high availability.
With the gradual clarification of regulatory rules, online small loan business faces regulatory constraints in terms of financing leverage. According to the statistical data report of microfinance companies in the third quarter of 2021 released by the central bank, by the end of September 2021, there were 6566 microfinance companies in China, compared with 7118 at the end of December 2020, 552 microfinance companies had withdrawn from the market.
From the development trend in the past two years, Huang Dazhi expects that more small loan companies will accelerate their departure in the future. At the same time, small loan companies with strong shareholder strength will be able to occupy a large market share, the industry concentration will gradually increase, and the Matthew effect will gradually highlight.
(source: China Securities Journal)
