On January 8, the Chongqing Supervision Bureau of the China Securities Regulatory Commission disclosed that Immediately Consumer Finance Co., Ltd. (hereinafter referred to as "Immediately Consumer Finance") has signed a counseling agreement with a sponsor, and plans to publicly issue shares and go public. It will be listed in Chongqing on January 6. The Securities Regulatory Bureau has handled the registration of counselling records.
Disclosure of information shows that China International Capital Corporation (CICC) and China Securities Co., Ltd. (CICC) are the counseling institutions for consumer finance immediately. If the process goes smoothly, Consumer Finance will become the first domestic licensed consumer financial institution to be listed.
Previously, on September 11, 2020, the Chongqing Banking and Insurance Regulatory Bureau issued an announcement agreeing to immediately approve the A-share listing of consumer finance. According to the introduction, the current public offering of Immediate Consumer Finance does not exceed 1.333 billion shares. After deducting the issuance costs, all the raised funds will be used to supplement the company's core Tier 1 capital.
It is understood that Now Consumer Finance was established in June 2015. Its shareholders include Chongqing Department Store (SH: 600729), Wumart Technology Group, Chongqing Bank (HK :01963), Sunshine Property and Casualty Insurance, and Commodity City (SH: 600415). Among them, Chongqing Department Store holds 31.06% of its shares and is its largest shareholder.
After more than 5 years of development, the number of registered consumer finance users immediately exceeded 110 million, the cumulative loans issued exceeded 500 billion yuan, more than 200 scenarios were connected online, 1 million merchants were connected offline, the number of patent applications exceeded 230, and the R&D team exceeded 1000 people, more than 900 self-developed core systems.
In 2019, immediate consumer finance achieved operating income of 8.99 billion yuan, an increase of 9.22% from 8.239 billion yuan in 2018; net profit was 853 million yuan, an increase of 6.49% from 2018's 801 million yuan. As of the end of 2019, the total assets of Immediate Consumer Finance were 54.8 billion yuan and the liabilities were 48.4 billion yuan.
Currently, the chairman of Immediate Consumer Finance is Zhao Guoqing and the general manager is Guo Jianni. In December 2020, the Chongqing Banking and Insurance Regulatory Bureau issued four immediate consumer finance executive qualification approvals, approving Zhu Tao, Xu Liwei, and Chen Guanglei as independent directors of immediate consumer finance, and Sun Lei's director qualifications.