Xiaomi's second president was officially approved.

Huaxia Times (chinatimes.net.cn) reporter Fu Le Ran East Beijing report

Chongqing Xiaomi Consumer Finance Co., Ltd. (hereinafter referred to as "Xiaomi Consumer Finance"), which was established for two years, officially ushered in the second president.

On August 9, the official website of the China Banking Regulatory Commission showed that Ji Chunjiang was qualified for Ji Chunjiang as the president of Xiaomi Consumer Finance. According to the approval, Ji Chunjiang should be appointed within 3 months from the date of the decision of this, and reported to the Chongqing Banking Insurance Regulatory Bureau within 5 days after his office.

In the first year of Xiaomi Consumer Finance, it announced a profit of 1.094 million yuan in the first year, and the next year's net profit increased to 3.68 million yuan. As a latecomer of consumer finance, in the environment of stricter supervision and decline in interest rates, such achievements show that the company is going to take a small step.

Su Xiaorui, a senior analyst of the financial industry, told a reporter from the Huaxia Times on August 15: "It is expected that the head institution will continue the characteristics of the stronger. , Scenes and modes. "

Coach

"Huaxia Times" reporter found that before the post of president, Ji Chunjiang had entered the ranks of Xiaomi Consumer Finance Directors.

According to the company's investigation, in March of this year, Xiaomi's consumer finance changed its business change. Xiaomi co -founder Wang Chuan withdrew from the director position and added Ji Chunjiang as a director.

Before joining Xiaomi, Ji Chunjiang was a CRO (chief risk officer) under CreditEase.

The 2019 annual report released by Yourenjinke (that is, "Yiren Loan") has disclosed that Ji Chunjiang will replace Chen Huan to take over the company CRO. After that, Ji Chunjiang left CreditEase and joined CRO.

According to public information, Ji Chunjiang has a composite background of traditional banks and Internet platforms. He graduated from UTAH State University in the United States and obtained a master's degree in economics and computer science. He has 18 years of experience in risk management and decision -making science work experience. The Ministry of Science has served as the director of the director.

It is reported that Zhou Bin, the former president of Xiaomi Consumer Finance, left a few months ago and is currently working at Suning Bank. Zhou Bin was the deputy president of Changshu Agricultural Business Bank. He served as a credit officer, assistant to general manager, deputy general manager, general manager of the small and micro finance headquarters, and has the experience of rich credit factory models. Zhou Bin, the first president of Xiaomi Consumer Finance, also explained the idea of ​​Xiaomi Consumer Finance's small and micro business to a certain extent.

The official website shows that Xiaomi Consumer Finance has carried out different scenarios such as tourism, home improvement, education, and 3C around the daily consumer finance needs of users, covering online and offline consumer needs, and constructing products including cash installment, consumption installment, and loop loan. Xiaomi Consumer Finance opened in May 2020 with a registered capital of 1.5 billion yuan. As the main investor, Xiaomi accounts for 50%of the shareholders; the two shareholders of the Chongqing Rural Commercial Conduct, accounting for 30%.

However, Xiaomi Consumer Finance has not launched APPs and self -operated malls for more than two years. From the perspective of the industry, it is very important to integrate users into the golden agency's own ecology, and mall shopping can provide users with continuous services. The lack of such scene ecology facilities is not conducive to users' retention.

Operate a small step and go fast

Xiaomi Consumer Finance was approved on May 29, 2020. It is the 26th opening of licensed consumer finance companies in the country. The reporter of Huaxia Times noticed that the first year of Xiaomi's consumer finance announced profitability. In the year, net profit was 1.094 million yuan, and the net profit in 2021 increased to 3.68 million yuan, an increase of 236%year -on -year.

According to media reports, a few months ago, Zhou Bin, then, said that if Xiaomi's consumer finance is profitable this year, it is to make a three -year profit after opening, so you can get ABS qualifications. According to him, if Xiaomi consumer finance has successfully obtained ABS qualifications, it will become the fastest consumer finance company in China.

In February of this year, Xiaomi's first single dealers' loan loan successfully raised over 600 million yuan, setting a record of the fastest raising lending loan after the establishment of a domestic consumer finance company. Xiaomi Consumer Finance said that in the next step, the company will also actively apply for the qualifications of peers.

Issuing ABS is an important financing channel for consumer financial institutions, with strict thresholds: approval of the Banking Insurance Supervision Department; meet the lowest 3 -year business period; with good corporate governance mechanisms, comprehensive internal control systems and sound risk management systems; sufficient capital; sufficient capital The rate is not lower than the minimum requirements of the regulatory authorities; continuous profitability in the past three years; the required professionals and the perfect processing system.

Compared with previous years, the number of consumer credit ABS asset projects in the first quarter of this year and the scale of fundraising have slowed down significantly, and the second quarter did not gradually recover.

Su Xiaorui said that the recovery of consumer finance ABS on the one hand shows that the previous "pause keys" were staged factor, and on the other hand, it also reflected good consumer finance ABS assets that can still gain market favor.

As a consumer finance company that opened only two years, Xiaomi Consumer Finance has made profit for two consecutive years. According to industry insiders, as a later consumer finance, under the current strict supervision and a large decline in interest rates, Xiaomi Consumer Finance can make a profit for two consecutive years, indicating that the company has a stable operation and is in the stage of small steps.

"Huaxia Times" reporter noticed that with the stricter of supervision, Xiaomi's consumer finance has partial compliance risks.

Recently, several consumers initiated complaints on consumer finance in Xiaomi. According to data from the black cat complaint platform, more than 10 complaints about "loan" and "stealing personal information false loans" in August alone. The user specifically reflects the situation of "large -scale loan of Chongqing Xiaomi Consumer Finance in Chongqing Xiaomi Consumer Finance", "No Xiaomi Consumer Financial Platform loan, but on credit records" and so on. Experts analyze that the situation of "loan" is related to "joint loan". In the process of loan applications, some platforms will have one -click authorization to all cooperative financial institutions on the platform. The specific platform services are unknown, and the risk of personal information has been exacerbated. This has exceeded the minimum range of personal information collection.

In February 2020, the "Technical Specification of Personal Financial Information Protection" released by the central bank pointed out that in terms of information use, in principle, it should not be shared, transferred, and publicly disclosed the personal financial information it collected. In addition, since November 1, 2021, the "Personal Information Protection Law" was officially implemented to strictly restrict the scope, processing method, and preservation period of personal information. Collecting personal information should be limited to the minimum range of processing purpose. The handling of personal information should be the least impact on personal rights and interests.

Editor -in -chief: Meng Junlian Editor: Zhang Zhiwei

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