Ant Consumer Fund plans to increase its capital to 30 billion, which investors are there?

The full name of Ant Consumer Finance is Chongqing Ant Consumer Finance, and now it has a variety of financial products including Ant Huabei and Ant Borrow, which even friends who don't know anything about finance will understand. Chongqing Ant Consumer Finance **** was approved by the Chongqing Banking and Insurance Regulatory Bureau on June 3, 2021, and officially announced its opening in Chongqing on June 4, 2021.

On December 27, 2021, such a large-scale consumer finance company with well-known products also officially announced that it would further increase its capital, and its registered capital will also jump from the current 8 billion yuan to 30 billion yuan. The first capital increase of Ant Consumer Gold after only half a year of establishment is not a big deal.

There are a total of six investors this time, they are China Cinda Asset Management Co., Ltd. with state-owned background, Zhejiang Sunny Optics Co., Ltd., which has been listed on the main board of the Stock Exchange, Guangzhou Boguan Information Technology Co., Ltd., Chongqing Yufu Capital Operation Group, which is mainly based on state-owned capital operation, Ant Group, the original shareholder of Ant Money, and Jiangsu Yuyue Medical Equipment Co., Ltd.

It is understood that after the completion of the capital increase, Ant Group will still sit firmly in the position of the largest shareholder of Ant Money, and its second largest shareholder will be passed to the hands of China Cinda Asset Management Co., Ltd. ****. The number of all shareholders of Ant Consumer Gold will increase to 11.

It is believed that after expanding its share capital and introducing state-owned capital investors, Ant Consumer Finance will become bigger, better and stronger in the financial sector, better play its due role, and further promote market consumption in a healthy manner.

Investors include Ant Company, Jiangsu Yuyue's medical equipment company, China Cinda's asset management company, Zhejiang's Sunny Optical Company, Guangzhou's Boguan Information Company, and Chongqing's Yufu Capital Operation Group.

This time, the investor is China Cinda Asset Management Co., Ltd., which has a state-owned background, and Zhejiang Sunny Optics, which has been listed on the main board of the Stock Exchange.

China Cinda, Yuyue Medical, Boguan Technology, Sunny Optics, Yufu Capital, etc.

Major companies are optimistic about the project for the following three reasons.

1. Ant has a large number of consumer finance users

In the Alipay payment ecology, Ant Consumer Finance can be widely used in takeaway, retail, online shopping and **, and it can easily use the diversion effect of Alipay to undertake Alipay's users to Ant Consumer Finance, which expands the imagination space of Ant Consumer Finance. Therefore, the huge user scale of Ant Consumer Finance supports the valuation of Ant Consumer Finance. Therefore, Ant Consumer Finance's capital increase of 30 billion yuan has been favored by major investors, so that they are competing to invest in Ant Consumer Finance, because in the Internet field, the scale of users is an important factor to measure the development prospects of a company, and the scale of users represents the development potential of a company.

2. Ant Consumer Finance is a leading enterprise

For leading enterprises, investors have a strong desire to invest since ancient times. Because this type of enterprise investment risk is small, and has a stable rate of return. Ant Consumer Finance is a leading enterprise in the field of consumer finance, so investors are interested in the leading effect of Ant Consumer Finance, and feel that investing in Ant Consumer Finance will not lose money and can get returns, of course, this is also inseparable from the strong strength of Ant Consumer Finance itself.

3. Ant Consumer Finance has strong strength

It can be said that Ant Consumer Finance is supplemented by a steady stream of funds, and Alibaba will give Ant Consumer Finance all-round support in various fields, so investors are optimistic about the strong strength of Ant Consumer Finance.

To sum up: Ant Consumer Finance has strong strength enough to be favored by investors.

Because this project is really good, and everyone knows about Ant Consumer Finance, many people have already invested in it, so major companies also want to get a piece of the pie, because in this way they can really make money.

Because this project is very promising, and China attaches great importance to the development of professional industries, and this can also protect our interests, so major enterprises are optimistic about the project.

Because major enterprises believe that this project has very good financing conditions and is very well-known, it has very good financing prospects. Therefore, major enterprises are very optimistic about this project.

The full name of Ant Consumer Finance is Chongqing Ant Consumer Finance****. Now, Ant Huabei, Ant Borrow, and other financial products that friends who don't know anything about various finances can also know what they belong to. What will be the impact of China Cinda's increase in Ant Money's 20% stake in the latter?

Let's discuss this for a moment. Hope this content is helpful to friends who need help. On December 27, 2021, a major consumer finance company that owns such a well-known product officially announced an additional capital increase, and the registered capital will skyrocket from the current 8 billion won to 30 billion won.

Under the terms of the agreement, Ant will disclose 22 billion won in tuition fees to all purchasers of the capital increase. In this plan, China Cinda Project invests 6 billion yuan to acquire 20,000% of Ant's shares in cash. There are a total of 6 investors this time, namely China Cinda Asset Management Co., Ltd. with state-owned background, Zhejiang Sunny Optics Co., Ltd., which has been listed on the main board of the Stock Exchange, Guangzhou Boguan Information Technology, Chongqing Yufu Capital Operation Group, which takes state-owned capital operation as the main goal, Ant Group, a shareholder of Ant Yanyuan, and Jiangsu Default Medical Equipment Co., Ltd.

If the capital increase is carried out, the registered capital of Ant Trading will be increased from RMB 8 billion to RMB 30 billion, and China Cinda and its affiliated companies will hold an equity interest in Ant Trading. It is reported that after the completion of the capital increase, Ant Group still stabilized the position of the largest shareholder of Ant Salt, and the second largest shareholder fell into the hands of China Cinda Asset Management Co., Ltd. The number of all shareholders of Ant Removal has also increased to 11 accordingly.

After that, Ant replied to Red Star Capital's statement that China Cinda had withdrawn a 20% stake in Ant Trading. According to Volkswagen, China Cinda was founded in April 1999 as an enterprise dedicated to financial information services and management methods of non-performing loans. After expanding the best capital and introducing state-owned capital investors, it is believed that Ant Salt will play a bigger, stronger and better legitimate role in the financial field and promote the mayor's market consumption to be healthier.

The companies that have entered the bureau include Zhejiang Sunny Optics, Guangzhou Boguan Information Technology, Chongqing Yufu Capital Operation Group, Ant Group, and Jiangsu Yuyue Medical Equipment Co., Ltd.

In addition to China Cinda, the new shareholders also include Sunny Optics and Boguan Technology, which hold 6% of the shares respectively. Cathay United Bank (China), TransInfo Technology, China Huarong, CATL.

Sunny Optics, Yuyue Medical, Ant Group, Yufu Capital, Boguan Technology and other companies have all entered the game, and Ant's market is getting bigger and bigger.

Zhejiang Sunny Optics, Guangzhou Boguan, Chongqing Yufu, Ant Group, Jiangsu Yuyue Medical have all entered the game.

Ant Gold Company was approved to openAnt Group holds 50% of the shares.

On June 3, the Chongqing Banking and Insurance Regulatory Bureau announced that it approved the opening of Chongqing Ant Consumer Finance. The company's Chinese name is "Chongqing Ant Consumer Finance ****" and its English name is "Chongqing Ant Consumer Finance Co.".,ltd.

It is reported that the registered capital of Chongqing Ant Consumer Finance is 8 billion yuan. Among them, Ant Technology Group invested 4 billion yuan, accounting for 50% of the company's registered capital; Nanyang Commercial Bank **** contributed 100 million yuan, accounting for the company's registered capital; Cathay United Bank (China) **** invested 800 million yuan, accounting for 10% of the company's registered capital;

CATL New Energy Technology Co., Ltd. invested 100 million yuan, accounting for 8% of the company's registered capital; Beijing TransInfo Technology Co., Ltd. invested 100 million yuan, accounting for the company's registered capital;

China Huarong Asset Management Co., Ltd. contributed 100 million yuan, accounting for the company's registered capital; Jiangsu Yuyue Medical Equipment Co., Ltd. invested 100 million yuan, accounting for the company's registered capital.

The main business of Chongqing Ant Consumer Finance:

From the perspective of business scope, the main business of Chongqing Ant Consumer Finance includes: issuing personal consumption loans; Accept deposits from shareholders' domestic subsidiaries and domestic shareholders; borrowing money from domestic financial institutions;

Approved issuance of financial bonds; onshore interbank lending; Consulting and business related to consumer finance; ** Selling insurance products related to consumer loans; fixed-income ** investment business; Other businesses approved by the CBIRC.

The China Banking and Insurance Regulatory Commission said on Thursday that it had approved Ant Group's application to set up a consumer finance company, the first milestone in the fintech giant's restructuring.

Ant Financial will hold a 50% stake in the new entity, which is registered in the southwest city of Chongqing, with the remainder held by six other shareholders. The company, Chongqing Ant Consumer Finance, is licensed to carry out consumer loans and other businesses. It will hold Ant Credit services North China and Jiebei, which are used by nearly 5 billion people in China.

Ant Financial, a mobile payments company controlled by billionaire Jack Ma, was forced to overhaul its business after Chinese authorities canceled its initial public offering in November.

One of the areas that has drawn Beijing's outrage is Ant Financial's vast consumer lending business. As of the end of June last year, those who borrowed from the Ant Financial platform had a total of $271.1 billion in outstanding loans.

Ant Financial has partnered with commercial banks to originate most of the loans, which provide most of the funding for the debt. Many loans are made by young people with no credit history. Regulators have been unimpressed by Ant Financial's actions because they encourage some people to over-borrow and spend, and pose risks to the banks that fund the loans.

The shareholders of the new consumer finance company include two state-owned financial institutions. Nanyang Commercial Bank, a subsidiary of the state-owned China Cinda Asset Management Corporation, holds a stake in China Huarong Asset Management Corporation, one of China's largest distressed asset management companies, which also operates other financial businesses.

China's largest producer of lithium batteries for electric vehicles, Contemporary Ampere Technology**** holds an 8% stake. The remaining owners are a Chinese mainland subsidiary of a Taiwanese bank, a transportation and monitoring service provider, and a medical device manufacturer. Alibaba Group, which owns one-third of Ant's shares, has a minority stake in the transportation and monitoring services provider company.

Ant Financial said on Thursday that it would work with other shareholders of Chongqing Ant Consumer Finance to "serve consumer needs and continuously improve the quality of financial services and risk management capabilities" on the Ant platform, under the guidance of regulators.

Ant Group holds 50% of the shares, which means that the decision-making power of this company belongs to Ant Group, and Ant Group has absolute control over this company.

Ant Group holds 50% of the shares, and will represent that the main owner of Ant Group is Ant Group. This could be a company led by Ant Group.

On June 3, Chongqing Ant Consumer Finance **** was approved to open within the statutory preparation period. According to the reply,The registered capital of Chongqing Ant Consumer Finance is 8 billion yuanAmong them, Ant Technology Group contributed 4 billion yuan, accounting for 50% of the company's registered capital. Huang Hao serves as the chairman of Ant Consumer Finance.

After the opening of Ant Consumer Finance Company, it will undertake the consumer credit business of Ant Group's small loan companies that meet the regulatory requirements, which is conducive to promoting Ant Group's implementation of the rectification requirements of the consumer credit business and fully incorporating related businesses into supervision, which is a work measure to implement the important decisions and deployments on strengthening financial supervision and preventing financial risks.

After the opening of Ant Consumer Finance, it will rectify its consumer credit business

After the commencement of operation, Ant Consumer Finance will undertake the consumer credit business of the two microfinance companies in accordance with the regulatory requirements in accordance with the rectification plan of Ant Group's consumer credit business. During the one-year transition period since the opening of Ant Consumer Finance Company, the two microfinance companies have achieved a smooth and orderly exit from the market. During the transition period, Ant Group will also properly handle the surviving asset-backed (ABS) of microfinance companies in accordance with regulatory requirements to maintain the stability of the financial market.

According to the rectification plan, Ant Group should complete the brand rectification of "Huabei" and "Borrow" within six months of the opening of Ant Consumer Finance Company. After the rectification is completed, "Huabei" and "Borrow" will become the exclusive consumer credit products of Ant Consumer Finance, and the consumer credit issued by other financial institutions with the help of data and information provided by Ant Group will no longer be labeled with the names "Huabei" and "Borrow".