Ping Consumer Finance today approved the opening of a registered capital of 5 billion yuan
Laser Finance April 9 news Bank of Shanghai Insurance Regulatory Commission issued approval for FPA Consumer Finance Co., Ltd. (hereinafter referred to as Ping consumer finance) opened.
Approved show, Ping consumer finance registered capital of 50 billion yuan. China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to Ping An Group) invested 1.5 billion yuan, accounting for 30% of the company's registered capital. Yi Rong Co., Ltd. invested 1.4 billion yuan, accounting for 28% of the company's registered capital. Not Kun (Shanghai) Technology Service Co., Ltd. invested 1.35 billion yuan, accounting for 27% of the company's registered capital. Hyung Jin (Shenzhen) Technology Service Co., Ltd. invested 750 million yuan, accounting for 15% of the company's registered capital.
As requested, from the date of approval of the March 30, Ping consumer finance should obtain a business license within 10 days, and opened within six months.
October 2019, Ping An Group announced by the Board of Directors resolution, the proposed joint venture to set up a national technology-based consumer finance company, the matter has yet to fulfill the relevant regulatory approval procedures.
November 2019, China Insurance Regulatory Commission issued a notice of silver, Ping An Group agreed to build peace in the Consumer Finance Co., Ltd. in Shanghai.
Announcements, Ping An Group shall be from the date of approval of the preparatory work is completed within six months; Ping Consumer Finance Co., the preparatory work to accept the supervision and guidance of the Shanghai Insurance Regulatory Bureau silver shall not engage in financial activities during the preparation. After the completion of the preparation, shall submit an application to the Bank of Shanghai Insurance Regulatory Commission opened in accordance with the relevant rules and procedures.