A few days ago, the reply of the Guangzhou Local Financial Supervision and Administration Bureau showed that it agreed that Shanghai Hongsheng Intelligent Technology *** will hold 57 small loans of 23455% equity, Shanghai 2345 Network Technology *** will hold 425% of the equity was transferred to Shanghai YTO Jiaolong Investment and Development (Group)**hereinafter referred to as YTO Group).
After the completion of the transfer, Shanghai YTO Jiaolong Investment Development (Group)** holds 100% of the equity of 2345 Micro Loan, and changes the articles of association accordingly.
It is worth noting that in May this year, the registered capital of 2345 microfinance was reduced from 2 billion yuan to 500 million yuan. 2345, the parent company of 2345 Microfinance, said in this announcement that the purpose of the capital reduction is the overall development of the company and the actual operation and management needs of Guangzhou Microloan.
In fact, the capital reduction of microfinance companies can achieve a low threshold for transfer, which is conducive to the purpose of the buyer to pass the financial conditions required by the regulator. At that time, there was speculation that the capital reduction of 2345 small loans was to prepare for the sale of licenses.
In May this year, an investor asked whether 2345 was still involved in the small loan business, and 2345 said that since the second quarter of 2019, the company will no longer carry out Internet small loan business.
According to a report, the transfer of the license at this time may be in order to enter high-tech industries such as intelligent driving and health care, so as to strip away the negative impact of the previous cash loan.
In recent years, with the continuous tightening of regulatory policies, it is difficult to continue to issue small loan licenses, and some enterprises can only get involved in the field of financial loans through equity transfer.
In 2017, YTO Jiaolong Group's new business segment, YTO Finance, was established. This sector includes Shanghai Yuanyi Financial Leasing, Shanghai Yuanzhen Commercial Factoring, Shanghai Xingda Insurance Brokers and other licensed companies.
Due to the lack of lending qualifications such as small loan licenses, YTO Financial relies on financial leasing and factoring licenses to lay out small and micro factoring business and e-commerce financing business, and its products include small and micro insurance for franchisees and outlets, and face orders for e-commerce merchants to be charged first and paid later.
After holding a small loan license, YTO can take advantage of the license's direct lending advantages to deepen its business. However, affected by policies such as the new regulations on online small loans, even if YTO obtains a license, it may face pressure to increase capital in the future.
For example, the registered capital of Zhongtong Small Loan, Zhengzhou Airport Economic Comprehensive Experimental Zone, which is a subsidiary of Zhongtong, has increased from 300 million yuan in 2019 to 2.2 billion yuan at present.
In addition, according to Tianyancha data, the legal representative of Zhongtong Small Loan is Li Yujun, and its main business is to issue loans to small and micro enterprises in its industrial chain.
In addition, SF Express has obtained a microfinance license in 2017. At present, the registered capital of Shenzhen SF Hefeng Microfinance Co., Ltd., a holding microcredit company of SF, is 300 million yuan, the legal representative is Ren Yuan, and the main business is SF's ** chain finance to provide operating loan services, and a single customer can borrow up to 500,000 yuan.