Core Viewpoint - The announcement by the Chongqing Municipal Financial Management Bureau reveals that Chongqing Liangjiang New Area Baosheng Microloan Co., Ltd. is among the 37 "missing" and "shell" local financial organizations, despite its ongoing operations under the leadership of its legal representative Zheng Weijing, who has been arrested for illegal fundraising. The associated Hong Kong-listed company has reported a profit surge of 224% in 2024 [2][23]. Group 1 - Baosheng Microloan was established on July 4, 2013, with a registered capital of 300 million yuan and has only two insured employees [3][23]. - The company has 11 shareholders, with significant issues among them, including the major shareholder Yang Jie being a person of untrustworthiness and having frozen equity [3][23]. - Zheng Weijing, the actual controller, has a history in the internet finance sector and is linked to several companies involved in illegal fundraising activities [3][24]. Group 2 - The associated Hong Kong-listed company, Huilian Financial, has undergone a name change to Fengyinhe Holdings and has shown a remarkable recovery in profits, going from losses in previous years to a profit of 54 million yuan in 2024, marking a 224% increase [4][31]. - The company’s net profits from 2021 to 2024 were -265 million yuan, 0.02 million yuan, 0.16 million yuan, and 0.54 million yuan, respectively, indicating a significant turnaround starting in 2022 [11][31]. Group 3 - Baosheng Microloan has launched over ten loan applications, including "Rentianghua," and is suspected of leasing its license to unqualified platforms, allowing them to operate under its name [13][19]. - The loan applications have faced numerous complaints regarding high-interest rates and misleading practices, indicating potential operational issues [15][35]. - The regulatory environment is tightening, with new rules prohibiting microloan companies from providing channels for unqualified platforms, leading to the delisting of certain applications [19][40]. Group 4 - The number of microloan companies in Chongqing has decreased significantly, from over 240 to 181 by November 2025, reflecting a broader trend of consolidation in the industry [20][40]. - Nationwide, the number of microloan companies has halved from a peak of 8,965 in 2015 to 4,863 by September 2025, indicating a significant regulatory impact on the sector [20][40].
宝升小贷“失联”：旗下十多个贷款APP 实控人已被刑拘五年