China Post Consumer Finance was approved and issued 1.8 billion yuan secondary capital debt

[Dahecai Cube News] On July 8th, the Guangdong Banking Insurance Regulatory Bureau approved and agreed to issue second -level capital bonds with no more than 1.8 billion yuan in China Post Consumer Finance Co., Ltd.

The Guangdong Banking Regulatory Bureau mentioned in the approval that China Post Consumer Finance Corporation should contain documents such as raising instructions and other documents that stipulate the clause of the second -level capital bonds in this period, and does not include the incentive clause of redemption; the second -level capital bonds in this period; During the duration, the requirements of the regulatory policies should be followed by the regulatory authorities.

China Post Consumer Finance shall submit a formal written report to the Guangdong Banking Insurance Regulatory Bureau within one month after the issuance of secondary capital bonds will be issued within one month after the issuance of secondary capital bonds is issued.

Second -level capital bonds refer to the issuance of financial institutions. After the sequence of liabilities, it is used to supplement the second -level capital bonds after other liabilities.

In November 2020, the China Banking Regulatory Commission issued the "Notice on Promoting Consumption Finance and Automobile Financial Companies to Enhance Sustainable Development Capability and Improve the Quality and Effects of Financial Services", which clearly "increase capital supplementary methods and support consumer finance companies that meet the license conditions, Automotive finance companies issue second -level capital bonds in the interbank market to broaden capital supplementary channels and enhance their ability to resist risks. "

The reporter learned that the overall capital structure of licensed consumer finance institutions is relatively single. First -level capital mainly comes from the income capital, capital reserve, and unprecedented profits accumulated by shareholders, and the second -level capital is mainly overpowering.

For licensed consumer finance companies, issuing second -level capital bonds can enrich the source of capital, solve the source of long -term funds, optimize the capital structure, consolidate capital guarantee capabilities, and enhance risk resistance. The capital adequacy ratio is convenient for the expansion of business and assets, and the needs of business development.

In August 2021, Hunan Changyin May Eight Consumer Finance Co., Ltd. took the lead in "testing water" to issue second -level capital bonds and made public bidding for the procurement project of second -level capital debt underwriters. Since then, on September 20, 2021, the Shenzhen Banking Insurance Regulatory Bureau approved the second -level capital bonds with no more than 2.2 billion yuan in consumer finance. However, it has been nearly a year since the issue of the issuance of second -level capital and debt of Changyin May Eight Consumer Finance and Consumer Finance, and no new progress has been made.

Responsible editor: Chen Yuyao | Review: Li Zhen | Director: Wan Junwei

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