Baotou BAOYIN Consumer Finance Co.,Ltd.

Baotou Baoyin Consumer Finance Co., Ltd

Company profile

Baotou Baoyin Consumer Finance Co., Ltd. (hereinafter referred to as "Baoyin consumer finance company") is a licensed consumer finance company approved by China Banking Regulatory Commission. It is controlled by Baoshang bank, and is committed to becoming a "consumer finance service provider of online life" to provide users with fast, convenient and flexible financial services. to operate some or all of the following RMB businesses: < br > (1) to issue personal consumer loans; < br > (2) to accept deposits from shareholders' domestic subsidiaries and domestic shareholders; < br > (3) to borrow money from domestic financial institutions; < br > (4) to issue financial bonds with approval; < br > (5) to borrow money from domestic banks; < br > (6) related to consumer finance Consulting and agency business; < br > (7) agency sales of insurance products related to consumer loans; < br > (8) fixed income securities investment business; < br > (9) other business approved by the CBRC. Baoyin consumer finance obtained the financial license issued by Baotou banking regulatory bureau

Micro blog shares

On June 24, Inner Mongolia banking and Insurance Regulatory Bureau issued the reply on the increase of registered capital and adjustment of equity structure of Baotou Baoyin Consumer Finance Co., Ltd., which showed that it agreed to increase the registered capital of Baotou Baoyin consumer finance from 300 million yuan to 500 million yuan. before this equity participation, Baoshang bank was the largest shareholder and controlling shareholder of Baoyin consumer finance, with a shareholding ratio of 73.6%. The second largest shareholder is Shenzhen Samoye Internet Technology Co., Ltd., with a shareholding ratio of 26%. Small shareholder baizhongheng Investment Development (Beijing) Co., Ltd. holds 0.4%. However, after this round of capital increase, the shareholding ratios of Baoshang bank, Samoye Internet technology and baizhongheng investment development were diluted to 44.16%, 15.6% and 0.24% respectively. Baoshang bank no longer controls Baoyin consumer finance. the capital increase of 200 million yuan came from Weimeng Chuangke network technology (China) Co., Ltd., which was the first time that the company entered the list of shareholders and successfully obtained 40% equity of Baoyin consumer finance. in fact, Weimeng Chuangke is an independent registered company of sina Weibo in 2010, with a registered capital of 180 million US dollars. Its founder and legal representative are Cao Guowei, chairman and CEO of sina Weibo and chairman of Weibo. As of March 31, 2019, Sina holds 45.2% of the shares of Weibo, which is the largest shareholder; Ali holds 30.2%, which is the second largest shareholder of Weibo. According to the calculation, Sina indirectly holds 18.08% of Baoyin consumer finance, and Ali holds 12.08% of Baoyin consumer finance.