Changyin’s high-level consumer finance "big change": the chairman and general manager have changed one after another, and many new directors and independent directors have also been ushered in.

Reporter | Zeng Yanglin

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Shaanxi Changyin Consumer Finance Co., Ltd. (hereinafter referred to as "Changyin Consumer Finance") ushered in a high-level personnel change.

On September 23rd, according to 21st century business herald, Liu Feng, the former general manager of Suning Consumer Finance Co., Ltd. (renamed "Nanyin Faba Consumer Finance", hereinafter referred to as "Suning Consumer Finance"), will become the general manager of Changyin Consumer Finance. At present, the industrial and commercial change procedures are being processed.

Interface journalists learned from people close to Suning’s consumer finance that Liu Feng left the company in March this year when the major shareholder of the company will be changed from Suning.cn to Nanjing Bank. According to a consumer finance person close to Changyin, "Liu Feng’s qualification has been approved by the regulatory authorities and will be announced in the near future."

According to public information, Liu Feng joined Suning in 2017 to take charge of Suning Small Loan and became the general manager of the Consumer Finance Division of Suning Jinfu Group. In July 2019, Liu Feng was transferred to Suning Consumer Finance and became the general manager. Before joining Suning, Liu Feng served as deputy director of risk management department, director of business management department and installment management department of Agricultural Bank of China Credit Card Center, member of Party Committee, secretary of discipline inspection commission and deputy general manager of Agricultural Bank of China Customer Service Center.

In addition, the chairman of Changyin Consumer Finance changed last month. On August 12th, official website, China Banking and Insurance Regulatory Commission published the Reply on Approving Guan Jianping’s Qualifications, and approved Guan Jianping’s qualifications as the chairman of Changyin Consumer Finance.

The interface journalist learned that Guan Jianping came from Changan Bank, the major shareholder of Changyin Consumer Finance, and was approved as the president of Baoji Branch of Changan Bank in December 2019 until he was transferred to Changyin Consumer Finance.

It is noteworthy that, recently, the board of directors of Changyin Consumer Finance is experiencing a "big change of blood". Since July, in addition to Chairman Guan Jianping, directors Che Er, independent director Yvonne Wang, independent director Zhao Wu, independent director Yang Weiqiao, director Ma Qiang and director Enron have been approved.

According to public information, Changyin Consumer Finance opened in November 2016. It is the 16th consumer finance company in China and the first licensed consumer finance company in Northwest China. It is headquartered in Xi ‘an, Shaanxi Province with a registered capital of 1.05 billion yuan. Its shareholders and shareholding ratio are: Changan Bank holds 51%, Huitong Xincheng Leasing Co., Ltd. holds 25%, and Beijing Yide Chenxiang Investment Co., Ltd. holds 24%.

According to the profit and loss data of investment rights under the equity method disclosed by its related party china grand auto Annual Report, in the first half of 2022, Changyin’s consumer finance net profit was about 86 million yuan, down 23.6% year-on-year.

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