中银消金成功发行第二期金融债！

Core Viewpoint - The issuance of financial bonds by consumer finance companies has decreased in scale compared to the previous year, despite ongoing enthusiasm for bond issuance in the industry [4][5]. Group 1: Bond Issuance Details - China Bank Consumer Finance Co., Ltd. successfully issued its second financial bond, "25 Zhongyin Consumer Finance Bond 02," with a total issuance amount of 1.5 billion yuan and a maturity of one year at a fixed interest rate of 1.7% [3]. - The funds raised from this bond will be used to supplement the company's liquidity and enhance its inclusive financial service capabilities, aligning with national laws and policies [3]. - In the first half of the year, seven consumer finance companies issued a total of ten financial bonds, amounting to 12.1 billion yuan [3]. Group 2: Year-on-Year Comparison - The total number of consumer finance bonds issued in the first half of 2024 was 15, with a total issuance scale of 25.5 billion yuan, representing a 52% decrease compared to the same period last year [5]. - The decline in issuance scale is attributed to the absence of major issuers like Zhaolian Consumer Finance and Industrial Bank Consumer Finance, which are currently in a contraction phase [5]. - Historical data indicates that prior to 2021, the issuance scale of consumer finance companies was generally below 10 billion yuan [5]. Group 3: Future Outlook - The demand for financial bond issuance among consumer finance companies is expected to remain strong, supported by recent policy initiatives aimed at boosting consumption [5][6]. - As the business models and sustainable development paths of licensed consumer finance companies mature, the possibility of public listing for some companies may arise [6]. - For consumer finance companies with registered capital below 1 billion yuan, the priority should be to expedite shareholder capital increases rather than seeking external funding [6].