With this capital increase, Hangzhou Jintou Digital Technology Group, a local state-owned enterprise in Hangzhou, became the second largest shareholder of Ant Financial, accounting for 10%. Jin Hang Digital Branch was renamed and established in April, 20021. The shareholders are Hangzhou Financial Investment Group Co., Ltd. and Hangzhou Jintou Construction Development Co., Ltd., which prompted Ali's share price to rise by 7.7% that day.
Ant Financial is a licensed consumer financial institution under the Ant Group. If this capital increase is completed, the shareholding ratio of Ant Group will still be 50%. Jin Hang Digital holds 65,438+00%, making it the second largest shareholder. Ant Financial mainly undertakes the consumer finance business of Ant Group.
Ant financial services group
In order to implement the regulatory requirements related to consumer credit, last year, the flower buds and borrowing buds of Ant Group successively completed brand isolation, and all their businesses were included in Ant Financial, which has become the exclusive brand of Ant Financial. Although the scale of this capital increase plan is smaller than before, if it is finally completed smoothly, Ant Financial will become the licensed consumer finance company with the largest registered capital.
In June, 20021,Ant Financial was established with the approval of China Banking Regulatory Commission, mainly to undertake the consumer finance business after the rectification of Ant Group. If this capital increase is finally completed successfully, Ant Financial will become the licensed consumer financial institution with the largest registered capital. Since 2022, the consumer finance industry has continuously increased its capital, and Xingye Consumer Finance, Haier Consumer Finance and Jin Meixin Consumer Finance have successively completed their capital increase. At the beginning of September, Nanyin Faba Consumer Finance, a joint venture between Bank of Nanjing and BNP Paribas, announced its intention to increase its capital.