Recently, the administrative license approval published on the official website of the Chongqing Banking and Insurance Regulatory Bureau showed that Jin Xiaolong was approved as the chairman of Chongqing Ant Consumer Finance Co., Ltd. (hereinafter referred to as "Ant Consumer Finance" or "Ant Consumer Finance"). This means that Jin Xiaolong became the second chairman of Ant Consumer Finance.
According to Bedo Finance, Jin Xiaolong is the chairman and legal representative of MYbank, and also the senior vice president of Ant Group. Previously, Jin Xiaolong also served as the president of the Small Enterprise Finance Division/Internet Finance Division of Ping An Bank, the general manager of the Cash Management Department, and the general manager of the Cash Management Department of Shenzhen Development Bank.
According to public information, Ant Consumer Finance was approved to open in June 2021, with an initial registered capital of 8 billion yuan. At that time, the Chongqing Banking and Insurance Regulatory Bureau also approved the qualifications of the directors and senior managers of Ant Consumer Finance. Among them, Huang Hao served as the chairman of Ant Consumer Finance, Chen Huaisheng was the general manager, and Shao Wenlan, Sun Jiandong, Jiang Li, Chen Huaisheng, and Zhang Keqiang were directors.
Not long ago, the directors of Ant Consumer Finance were adjusted. In June this year, the Chongqing Banking and Insurance Regulatory Bureau approved the qualifications of Zhang Jianguang, Sun Yang, Zhou Shengxue, and Qian Jun as directors of Ant Consumer Finance. Prior to this, in June 2022, Qiao Zhanwen's qualification as deputy general manager of Ant Consumer Finance was approved, which was previously held by Zhang Keqiang.
It is worth mentioning that Ant Consumer Finance will complete the capital increase in March 2023, of which the registered capital will increase from 8 billion yuan to 18.5 billion yuan. At the same time, Hangzhou Jintou Digital Technology Group Co., Ltd., Zhejiang Sunny Optical Co., Ltd., and Transfar Zhilian Co., Ltd. joined the ranks of shareholders of Ant Consumer Finance, and Ant Group’s shareholding ratio remained unchanged.
According to the 2022 annual report of Ant Consumer Finance, as of December 31, 2022, the total assets of Ant Consumer Finance are 106.233 billion yuan, the total liabilities are 98.457 billion yuan, and the total owner's equity is 7.776 billion yuan. In 2022, Ant Consumer Finance will achieve a net profit of 841 million yuan.
Since 2023, the executives of many licensed consumer finance companies have been adjusted, and one consumer finance company has changed its name. According to Bedo Finance, the replacement of the chairman includes Ma Jingpeng, chairman of Zhongyuan Consumer Finance, Chen Junbin, director and chairman of Jinmeixin Consumer Finance Company, Yue Kai, chairman of Xiaomi Consumer Finance, and Cai Bi, chairman of Hubei Xiaojin.
In contrast, the name of Ningyin Consumer Finance (formerly Huarong Consumer Finance) was changed from "Anhui Ningyin Consumer Finance Co., Ltd." to "Zhejiang Ningyin Consumer Finance Co., Ltd.", and its registered address was moved from "Hefei City, Anhui Province" to "Ningbo City, Zhejiang Province".