Sichuan Jincheng Consumer Finance Co., Ltd. was jointly established by Chengdu Bank and Malaysian Hong Leong Bank, and it is the first consumer finance company in central and western China approved by China Banking Regulatory Commission. Established on February 20 10. Among them, mortgage loans include full mortgage, mortgage house re-mortgage, and mortgage house secondary mortgage; Kit loan is a revolving line, which can be repaid with the loan, with a maximum amount of 30,000; Income loans can be made from wages, provident fund deposits and social security deposits, with a maximum amount of 200,000 yuan. Medical beauty staging mainly provides installment loan services in health examination, beauty and plastic surgery, dentistry, hair transplant and so on; Education installment provides installment loan services in terms of academic qualifications and skills upgrading; Loan installment online application, offline use.
Consumer finance company refers to a non-bank financial institution established in People's Republic of China (PRC) with the approval of China Banking Regulatory Commission, which does not absorb public deposits, and provides loans for consumption for individual residents in China on the principle of small amount and dispersion. At present, the China Banking Regulatory Commission has submitted a plan for setting up pilot consumer finance companies in big cities such as Beijing and Shanghai, and will publish the Measures for the Administration of Pilot Consumer Finance Companies in due course. The regulatory authorities have set thresholds for the company's business activities, such as capital adequacy ratio and sources of funds. However, if this kind of consumer company really appears, it will be a flat thunder in China's financial history. Its pioneering significance may only be slightly comparable to that of folk credit. folk credit reopened the pawnshop in its early years and is now ready to open.
But even so, the last two degrees are different. Because they just dug up the fat loan legally and vigorously from the market monopolized by commercial banks. Speaking of it, this is actually a true and legal embodiment of the different levels of the lending market, and there is no essential revolution in the mode of operation. But what is to be established now is a brand-new financial service institution. In this proposal called Consumer Finance Company, the core symbol of its operation mode is to meet the short-term, small-amount, unsecured and unsecured conditions. For financial services with a slightly similar meaning, China now only has credit card overdrafts. However, among domestic consumers who can use credit card overdraft, as long as they are not malicious overdraft consumers, it is estimated that there is no need for innovative services of consumer finance companies; Moreover, such people are more suitable for banks and credit card companies to serve the market division of consumer credit.