On August 2, 2023, according to public information disclosure, Zhongyuan Consumer Finance registered and issued a two-year "Dingyou" series of personal consumer loan asset-backed securities with a total registered amount of 5 billion yuan. This issue of ABS continues to use the shelf method issued.
It is understood that Zhongyuan Consumer Finance was approved to issue ABS in January 2021, becoming the first licensed institution that year and the 14th nationwide to obtain ABS qualification. On July 22, 2022, Zhongyuan Consumer Finance successfully issued Dingyou’s first phase of 2022 personal consumption loan asset-backed securities (ABS), with an issuance amount of 973 million yuan.
The successful issuance of the first ABS has increased the market’s recognition of Zhongyuan Consumer Finance. In October 2022, Zhongyuan Consumer Finance was approved to issue an ABS shelf quota of 5 billion yuan, and raising funds through the issuance of ABS has gradually become normal. On November 29, 2022, Zhongyuan Consumer Finance successfully issued Dingyou’s second phase of personal consumption loan asset-backed securities (ABS) in 2022, with an issuance amount of 1.572 billion yuan; in March 2023, Zhongyuan Consumer Finance successfully issued Dingyou’s first batch of 2023 phase of personal consumption loan asset-backed securities, with an issuance amount of 1.198 billion yuan; in May 2023, Zhongyuan Consumer Finance successfully issued Dingyou’s second phase of 2023 personal consumption loan asset-backed securities, with an issuance amount of 1.107 billion yuan; within two years, Zhongyuan Consumer Finance has achieved ABS raised 4.85 billion yuan.
This issue of ABS is issued in a shelf manner, which not only reduces repetitive approval work, but more importantly, greatly shortens the issuance preparation time and improves the financing efficiency of Zhongyuan Consumer Finance.
Zhongyuan Consumer Finance's performance has grown steadily in recent years, its asset scale has continued to expand, and relevant regulatory indicators have also met regulatory requirements.
As of December 31, 2022, the loan amount of Zhongyuan Consumer Finance was RMB 64.316 billion, the loan balance was 28.421 billion yuan, and the cumulative loan amount was RMB 231.194 billion; the operating income in 2022 was RMB 2.652 billion, with a total of 18.1002 million people. Provide consumer financial services to customers.
Expansion in size is inseparable from the diversification of financing channels. In recent years, Zhongyuan Consumer Finance has continuously enriched financing methods, optimized financing structures, and opened up diversified financing channels such as inter-bank lending, issuance of ABS, financial bonds, and syndicated loans. It has gathered the first The financing methods owned by some consumer finance institutions provide new tools and new paths for Zhongyuan Consumer Finance to revitalize existing credit assets, improve active liability capabilities, improve financing structures, and better support inclusive finance.
On February 28, 2022, the Henan Supervision Bureau of the State Administration of Financial Supervision (formerly the Henan Banking and Insurance Regulatory Bureau) issued an approval, agreeing that the total public offering size of Henan Zhongyuan Consumer Finance Co., Ltd. in the national inter-bank bond market shall not exceed RMB 2 billion. , financial bonds with a term not exceeding 3 years.
Zhongyuan Consumer Finance has once again been approved for the ABS shelf quota, which is of positive significance in terms of broadening financing channels and adjusting and optimizing the asset and liability structure. It also allows Zhongyuan Consumer Finance to provide new citizens and people in remote areas with better services in a larger market. Efficient, more valuable, and safer consumer financial services will contribute more to supporting rural revitalization and green finance.