CITIC Consumer Finance Co.,Ltd.

CITIC Consumer Finance Co., Ltd

CITIC Consumer Finance Co., Ltd. was established on June 12, 2019. The legal representative is Huangfu Wenzhong, The business scope of the company includes: (1) issuing personal consumer loans; (2) accepting deposits from shareholders' domestic subsidiaries and domestic shareholders; (3) borrowing from domestic financial institutions; (4) issuing financial bonds with approval; (5) domestic interbank lending; (6) consulting and agency business related to consumer finance; (7) acting as an agent to sell insurance products related to consumer loans (8) fixed income securities investment business, etc.

Company opening

On July 26, 2019, CITIC Consumer Finance Co., Ltd. (hereinafter referred to as "CITIC consumer finance") officially opened in Beijing. At the business press conference, the company's top management team also appeared, with the chairman of the board of Huangfu Wenzhong and the general manager Zhou Qingsong. CITIC Xiaojin is the 24th consumer finance company approved by China Banking and Insurance Regulatory Commission. It is jointly invested by China CITIC Limited (hereinafter referred to as "CITIC Limited"), CITIC Trust Co., Ltd. (hereinafter referred to as "CITIC Trust") and Kingdee software (China) Co., Ltd. (hereinafter referred to as "Kingdee"), with a registered capital of 300 million yuan and a shareholding ratio of 35.1% 、34.9%、30%。 The establishment of CITIC consumer finance means that CITIC will add another important financial license to its financial territory. At present, the business of the subsidiary companies of CITIC Group has covered trust, banking, insurance, securities, futures, funds and other financial fields, realizing the comprehensive integration of the financial industry chain.