Such companies have been approved for dissolution one after another

Mondo Social Updated on 2024-01-29

Author丨Li Yuan.

Editor丨Zhou Yanyan.

There is one less loan company.

Recently, the Jilin Bureau of the State Administration of Financial Supervision and Administration issued the "Reply on the Dissolution of Jilin Dehui Changyin Loan Co., Ltd.", agreeing to dissolve Jilin Dehui Changyin Loan Co., Ltd. At the same time, the reply requires that after receiving this approval document, your company should immediately stop all business activities, return the financial license to the Jilin Supervision Bureau of the State Financial Supervision and Administration Bureau, and go through the relevant procedures in accordance with the requirements of laws and regulations.

Lenders are less likely to be in the public eye. According to the Regulations on the Administration of Lending Companies issued by the former China Banking Regulatory Commission in 2009, lending companies are approved by the China Banking Regulatory Commission in accordance with relevant laws and regulationsNon-banking financial institutions established by domestic commercial banks or rural cooperative banks in rural areas to provide loan services for farmers, agriculture and rural economic development at the county level。A loan company is a limited liability company fully funded by a domestic commercial bank or a rural cooperative bank.

The above-mentioned documents specify that the investors of a loan company shall meet the relevant conditions: the investor shall be a domestic commercial bank or a rural cooperative bank;The asset size shall not be less than RMB 5 billion;The company has good corporate governance and sound and effective internal control;The main prudential regulatory indicators are in line with regulatory requirements;Other prudential conditions stipulated by the CBRC.

The 21st Century Business Herald reporter noticed that there are not many commercial banks that have set up loan companies. As of the end of June 2018, the list of legal persons of banking financial institutions (note: the list disclosed by the regulatory authorities for the first time) shows thatThere are only 13 loan companies in the country, and the number has remained unchanged for many years

However, regulatory information shows thatSince April 2022, local regulators have begun to dissolve loan companies。Since April 2022, a total of 8 loan companies, including Dalian Wafangdian Citi Loan Co., Ltd., Chongqing Beibei Citigroup Loan Co., Ltd., Tianjin Wuqing District Xingnong Loan Co., Ltd., Tianjin Ninghe District Xingnong Loan Co., Ltd., Tianjin Jizhou District Xingnong Loan Co., Ltd., Tianjin Baodi District Xingnong Loan Co., Ltd., Tianjin Jinghai District Xingnong Loan Co., Ltd., and Jilin Dehui Changyin Loan Co., Ltd., have been dissolved one after another.

In addition, two loan companies, Hubei Jingzhou Public Security Citi Loan Co., Ltd. and Hubei Xianning Chibi Citi Loan Co., Ltd., disappeared from the latest list of legal persons of banking financial institutions (the last time it appeared was the list as of the end of June 2022), but the regulatory authorities did not disclose the relevant approval information. Both loan companies are 100% owned by Citibank Overseas Investment Corporation.

The list of legal persons of banking financial institutions as of the end of June 2023 also showsThere are currently four other loan companies in the country. In addition to Jilin Dehui Changyin Loan Co., Ltd., there are Kaihua Tongji Loan Co., Ltd., Sichuan Yilong Huimin Loan Co., Ltd., and Sichuan Pingwu Fumin Loan Co., Ltd

According to industrial and commercial information, the above three loan companies are 100% owned by three commercial banks: Ningbo Yuyao Rural Commercial Bank, Sichuan Tianfu Bank and Mianyang Commercial Bank.

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Editor of this issue: Jiang Peipei, Xi, Zhao Fengling.

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