近日，天津金融监管局发布任职资格批复。 核准李波为天津京东消费金融有限公司（下称京东消金）新任董事长。 公开资料显示，李波现为京东集团副总裁，2021年加入京东科技接替原京东数科高管许凌，担任金融科技事业部总裁，向京东科技CEO李娅云汇报。 李波拥有超20年金融行业工作经验，其于1997年加入工商银行，历任工商银行总行资产负债管理部副总经理，工商银行青岛分行副行长、工商银行湖南 分行副行长等职。 在获批董事长之前，今年9月初，李波已获批京东消金董事职位。 除李波外，京东消金还陆续获批了6名董事，包括潘朝光、李曙光、董晓东、刘晓蒙、张素娟和李芳芳。 去年12月份，天津银行发布公告，与京东、中国外贸信托等机构参与捷信消费金融重组。 随后，2025年1月份，捷信消费金融股权结构调整和变更注册资本正式获批。 注册资本变更为50亿元，股权结构广州晶东贸易有限公司、网银在线（北京）商务服务有限公司、中国对外经济贸易信托有限公司、天津经济技术开发 区国有资产经营有限公司、天津银行股份有限公司、Home Credit N.V.（捷信集团），分别持股50%、15%、12%、11%、10%、2%。 4月份，张含春成为捷信消金法定 ...

助力提高供给质量的同时，今年以来，天津各金融机构纷纷开展了各具特色的消费金融活动，叠加惠民 措施，助力消费市场蓬勃发展。 新华社天津10月4日电 题：天津：金融"组合拳"提振消费市场活力 新华社记者李亭 "十一"假期，依山傍水的天津市蓟州区下营镇郭家沟村迎来客流高峰。"三个小院近20间客房几乎每天 都订满了！"红伟悦来农家院负责人尹会廷高兴地说。 生意红火的背后，离不开精准的金融支持。原来，尹会廷只经营两个小院，旺季来临时，房间常供不应 求。去年，为了扩大经营规模，她打算对农家院进行改扩建，顺利地从中国农业银行获得了200多万元 的农家乐贷款。今年暑期，改造后的农家院正式营业。"农家院整体提升了一个档次，我们的生意越来 越好！"她说。 据介绍，中国农业银行天津市分行全面对接服务天津乡村旅游12个示范片区和12条精品路线建设，以蓟 州区郭家沟村升级改造项目为样板，组建"项目贷款+智慧场景+农户贷款"综合服务模式，已累计为20 余户农家院提供资金支持超2600万元。 围绕提振消费，中国农业银行天津市分行开展了"团泊湖马拉松"等主题促消费活动，叠加"国补"推 出"以旧换新"信用卡满减补贴，做好圈、街、楼、店等4万余 ...

国庆、中秋"双节"临近，为响应扩内需、促消费政策，各家商业银行纷纷打出"权益优惠+低息信贷"组 合拳：一方面密集升级信用卡场景化权益；另一方面聚焦"贴息补贴"举措，叠加政策贴息，部分消费贷 产品年化利率（单利）低至2%，助力"双节"消费市场升温。 加大消费贷贴息力度 在低息信贷方面，"双节"期间银行个人消费贷利率迎来"大促"。自9月1日个人消费贷款贴息政策全面落 地以来，消费贷市场热度持续攀升，多家银行加大贴息力度，推动利率进一步下探——当前部分银行消 费贷最低利率已降至3%，叠加政策贴息后，实际利率进入2%至3%区间，显著降低居民消费融资成本。 具体来看，建设银行四川省分行于9月25日通过官方微信公众号推出"国庆中秋畅快购，消费贷款享贴 息"活动，按年化1个百分点给予贴息，累计贴息上限3000元，贴息后年化利率（单利）低至2%；工商 银行安徽分行推出"双节"消费贴息活动，累计贴息上限同为3000元（单笔5万元以下贴息上限1000 元），核心产品"融e借"年化利率3%起，期限最长7年，支持全程线上"一键即贷、实时到账"。 苏商银行特约研究员薛洪言对《证券日报》记者表示，与往年相比，今年银行对消费的支持力度呈 ...

趣店的注册地为开曼群岛，董事会主席为罗敏。国盛金控通过全资子公司国盛香港持有趣店1267万股股票，持 股比例约为7.87%。截至3月31日，持股5%以上的股东除国盛香港外，还有罗敏（持股40.2%）。 QD经审计的2024年总资产为124.64亿元，总负债为11.73亿元，净资产为112.91亿元，营业总收入2.16亿元，净 利润为0.92亿元。未经审计的2025年半年度总资产为127.5亿元，总负债为11.7亿元，净资产为115.79亿元。 国盛金控表示，本次处置参股公司股权（股票）有利于提高资产使用效率，集中资源发展主业，以及有效规避 证券可能的市场投资风险，不存在损害公司及全体股东特别是中小股东利益的情形。本次处置股权资产的具体 收益情况受实际出售股数和出售价格影响，公司将根据《企业会计准则》等有关规定进行会计处理，实际影响 以审计机构审计后的数据为准。 公告称，本次拟处置股权资产事项的实施尚存在不确定性，后续公司将根据出售参股公司股权的进展情况，按 规定及时履行信息披露义务。 近日，国盛金控公告称，拟适时处置所持有的趣店股票不超过1267万股，持股比例约为7.87%。国盛金控若 清仓趣店股票，将回收人 ...

随着中秋与国庆"双节"假期的临近，中国民生银行（600016）信用卡中心（以下简称"民生信用卡中 心"）推出一系列"双节促消费"活动，涵盖民生山姆联名信用卡专属优惠、"全民管家"满减福利等多元 场景，进一步满足居民在假期的多元化消费需求。 为满足不同人群的多元化需求，至12月31日，民生信用卡中心加码民生山姆联名信用卡优惠服务，联动 麦当劳、必胜客、奈雪、瑞幸、滴滴、猫眼电影等十余家知名品牌推出微信立减金活动，覆盖餐饮、出 行、商超等核心消费场景，为客户提供覆盖多业态的专属福利，并同时享受银联白金卡权益，帮助客户 在高频消费场景中获得实惠。 消费金融作为连接消费与供给的桥梁，在推动消费升级方面扮演着至关重要的角色。民生信用卡中心紧 贴"扩内需、促消费"政策导向，与京东、美团、支付宝等头部平台联动，推出全民生活App"一键绑卡 赠支付礼包"活动，持卡人通过全民生活App首次绑定，有机会获得最高188元的支付优惠，不仅覆盖了 高频线上消费场景，也为消费者提供了更灵活的支付选择。 此外，民生信用卡中心不断加大对普惠金融的探索与实践，通过"全民管家"入口，将优惠延伸至居民日 常生活服务领域，打造全民管家充值缴费立减优 ...

Core Viewpoint - The company, Mashang Consumer Finance, once a leader in the consumer finance industry, is facing significant challenges that threaten its IPO progress and future growth due to compliance, business model, and governance issues [2][4][10]. Group 1: Company Growth and Performance - Since its establishment in 2015, Mashang Consumer Finance has rapidly expanded its asset scale from less than 100 billion yuan in 2016 to 68.099 billion yuan by mid-2025 [3]. - The company reported a revenue of 8.734 billion yuan in the first half of 2025, marking a year-on-year increase of 12.96%, and a net profit of 1.154 billion yuan, up 8.07% from the previous year [3]. Group 2: Compliance Issues - The company has over 70,000 complaints on the Black Cat Complaint platform, highlighting serious compliance issues such as high-interest loans, aggressive collection practices, and personal information leaks [5]. - The actual annual interest rates for loans range from 7.2% to 36%, with some high-risk customers facing rates close to regulatory limits, raising concerns about the company's practices [5]. - The collection practices of some partner agencies have been criticized for using intimidation and harassment, particularly involving a subsidiary of a major shareholder [5]. Group 3: Business Model Challenges - The company relies on high-interest deposits from shareholders to ensure stable funding, which raises questions about potential conflicts of interest [6][7]. - Targeting high-risk, lower-tier customers has led to increased bad loan rates and collection costs, necessitating aggressive collection methods that may not be sustainable in the long term [6]. Group 4: Governance Structure Deficiencies - The board of directors has consistently had fewer than one-third independent directors, violating regulations and raising concerns about decision-making transparency [8]. - The company's ownership structure is fragmented, with no single shareholder holding more than 50%, which could lead to inefficiencies in decision-making and increased vulnerability to hostile takeovers [8]. Group 5: Path to Recovery - The company must shift from a scale-driven approach to one focused on compliance and quality to regain market and regulatory trust [10]. - Strengthening compliance management, improving customer service, and addressing consumer complaints are essential steps for rebuilding trust [11][13]. - The company should diversify its customer base and enhance risk management through technology to ensure sustainable growth [14]. - Increasing the proportion of independent directors and improving the ownership structure will enhance governance and decision-making efficiency [15].

专家指出，这类银行与互联网平台的深度合作，不仅为客户提供便利和实惠，也在消费金融与数字经济 融合的过程中，释放出更强的市场活力，进一步提升了金融服务的便利性。 此外，民生信用卡中心不断加大对普惠金融的探索与实践，通过"全民管家"入口，将优惠延伸至居民日 常生活服务领域，打造全民管家充值缴费立减优惠，持卡人办理生活缴费、手机充值、油卡充值、洗车 养护等多项生活服务，可享受"笔笔消费满减，最高立减188元"的优惠。 聚焦客户需求 打造品质消费生态 近年来，随着居民消费水平的不断提升，品质化、场景化消费逐渐成为主流趋势，提高产品和服务的供 给质量成为提振消费的重要一环。国家统计局最新数据显示，8月份，我国社会消费品零售总额同比增 长3.4%，以旧换新相关商品零售额继续保持较快增长，同时，服务消费潜力也在不断释放，这对金融 服务提出了更高要求。 民生银行始终秉持"服务大众 情系民生"的使命，将"双节"消费热点与金融服务创新结合，推动信用卡 业务与居民美好生活紧密融合，力求以"实实在在"的便利惠及更多消费者。 在"双节"消费热点中，家庭聚餐、亲子娱乐、城市出行、节日购物都是居民关注的重点。为满足不同人 群的多元化需求， ...

Group 1 - The core viewpoint of the article highlights the upgrades to JD's BaiTiao service, which now includes interest-free installment plans, deferred payment options, and trade-in services to meet diverse consumer needs [1] - As of September 2025, JD BaiTiao has reached nearly 300 million consumers, over 2 million industrial merchants, and more than 100 financial institutions, continuously expanding its service experience of "consume first, pay later, real-time approval, and flexible installments" [1] - The cumulative interest-free subsidies provided to users by JD BaiTiao, in collaboration with financial institutions and merchants, have reached over 10 billion yuan [1] Group 2 - The introduction of interest-free installments has significantly boosted product conversion rates, with an average increase of over 32% [1] - In regions such as Beijing, Guangdong, and Jiangsu, the BaiTiao service has helped merchants achieve an average transaction volume increase of over 2.5 times following the expansion of 3C digital products [1]

Core Viewpoint - Nanjing Bank has seen significant shareholding increases from major shareholders, indicating confidence in the bank's future growth and value appreciation [2][3]. Shareholding Changes - Nanjing Gaoke Co., Ltd. increased its stake in Nanjing Bank from 9.00% to 9.99% by acquiring approximately 123 million shares between August 7 and September 18 [2]. - This follows a previous increase from 8.94% to 9.00% on August 4 [2]. - Other major shareholders, including Jiangsu Transportation Holding Co., Ltd. and Zijin Group, have also increased their holdings in recent months, reflecting a trend of increasing confidence among investors [3]. Financial Performance - For the first half of 2025, Nanjing Bank reported a revenue of 28.5 billion yuan, an increase of 8.64% year-on-year, and a net profit of 12.6 billion yuan, up 8.84% [6]. - As of June 30, total assets reached 2.9 trillion yuan, a nearly 12% increase from the previous year [6]. - The bank's deposit and loan scales were 1.64 trillion yuan and 1.38 trillion yuan, respectively, with growth rates of 9.98% and 10.41% [6]. Asset Quality - Nanjing Bank's non-performing loan (NPL) ratio stood at 0.84% as of June 30, with a provision coverage ratio of 311.65% [7]. Consumer Loan Growth - The bank's consumer loan business has experienced explosive growth, with the balance increasing from 94.5 billion yuan in 2020 to 203.8 billion yuan in 2024 [9]. - As of June 30, the consumer loan balance was 207.3 billion yuan, although growth has slowed [9]. - The acquisition of Suning Consumer Finance, now known as Nanjing Bank's consumer finance subsidiary, has significantly boosted the bank's consumer finance operations, with a loan balance of 50.8 billion yuan by the end of 2024, reflecting a growth rate of 63.32% [9].

国泰海通证券 研究所 国泰海通非银研究系列电话会议 8月11-20日、9月1-10日 每晚19:30 直 == 非银行金融分析师 非银行金融分析师 王思明 n Andress of the start of the start of the start of the see of the see the see the series of the series of the series of the series and the see the see the see the series a 金融组长 目席分析 tin 刘秋琦 非银会融团队 会议信息系 更多国泰海通研究和服务 亦可联系对口销售获取 重要提醒 本订阅号所载内容仅面向国泰海通证券研究服务签约客户。因本资料暂时无法设置访问限制，根据《证 券期货投资者适当性管理办法》的要求，若您并非国泰海通证券研究服务签约客户，为保证服务质量、 控制投资风险，还请取消关注，请勿订阅、接收或使用本订阅号中的任何信息。我们对由此给您造成的 不便表示诚挚歉意，非常感谢您的理解与配合！如有任何疑问，敬请按照文末联系方式与我们联系。 法律声明 本公众订阅号(微信号 GTH ...