12月18日，2025数据资产管理大会期间，由中国信息通信研究院和中国通信标准化协会大数据技术标准推进委员会评选的数据智能"星河"案例榜单正式揭 晓。蚂蚁消金实时交互式智能风控"小红花"和"多智能体协同的消费金融风控引擎"分别入选行业数智应用典型和智能体专项潜力案例。 多智能亿 十 � 重庆 中 & � 据悉，"星河"案例评选已经持续八年, 案例涉及电信、金融、政务、能源、制造等多个关键行业，评选结果被视为国内大数据技术落地应用的风向标。此次 蚂蚁消金两项风控成果同时入选，印证了其实践的行业标杆价值。 作为蚂蚁消金核心信贷产品，花呗已经上线运营10年，累计服务超4亿用户。此次入选的"小红花"风控，主要创新在于突破传统授信模式，通过整合用户交 互产生的高频信息，提升风控模型处理非结构化数据能力，构建专家模型系统，实现用户与金融机构在授信额度上的双向互动。 具体来看，用户可上传超1000种材料申请提升花呗额度，不仅可以提交导游资格证、护士执业资格证等《国家职业资格目录》认证证书，也可以提交人工智 能训练师、美甲师等新兴职业能力证书，甚至工牌照片、钉钉名片也可以成为佐证。这一模式让用户以更多样化的方式证明自身信用价 ...

Group 1 - Changsha Bank announced a capital increase of up to 1.55 billion yuan for its subsidiary Hunan Changyin 58 Consumer Finance Co., Ltd. at a price of 1.8877 yuan per share [1][6] - After the capital increase, the registered capital of Changyin 58 will rise from 1.124 billion yuan to 1.945 billion yuan, and Changsha Bank's shareholding will increase from 56.66% to 74.96% [4][5] - The capital increase is in response to the new regulatory requirements that raise the minimum registered capital for consumer finance companies from 300 million yuan to 1 billion yuan and increase the major shareholder's ownership requirement from 30% to 50% [4] Group 2 - As of December 31, 2024, Changyin 58's total assets were 29.62 billion yuan, with net assets of 3.58 billion yuan, and an audited net profit of 34 million yuan [4] - For the first three quarters of 2025, Changyin 58 reported total revenue of 1.67 billion yuan and an unaudited net profit of 21 million yuan [4]

Core Viewpoint - Accelerating the filling of the domestic demand gap, especially in consumption, has become a crucial topic for driving China's economic growth, with expanding domestic demand being prioritized as one of the eight key tasks for economic work in 2026 [1][10]. Policy Measures - The Ministry of Commerce and other departments have jointly issued a notification to strengthen the collaboration between commerce and finance to boost consumption, outlining 11 measures to enhance financial support in key areas and expand cooperation between government, finance, and enterprises [1][12]. - Recent policies have been introduced to stimulate market vitality and release consumption potential, including guidelines encouraging financial institutions to increase consumer loan issuance and support service consumption [2][11]. Financial Support and Collaboration - The notification emphasizes the need for a "combination punch" of policies, enhancing collaboration between financial institutions and retail platforms to improve payment services and support for consumer financing [3][12]. - Financial institutions are encouraged to innovate financial products and services that integrate into consumption scenarios, focusing on areas such as home services, education, and health, to stimulate new consumption patterns [3][13]. Market Response and Impact - Following the implementation of the consumption loan subsidy policy, significant market activity has been observed, with companies like Zhaolian Consumer Finance reporting substantial loan issuance and customer engagement [5][15]. - Merchants have gained confidence from financial policies, with promotional tools like interest-free installment plans leading to increased sales and customer engagement [5][15]. Targeting Underdeveloped Markets - The notification highlights the importance of expanding consumption in county-level markets and rural areas, recognizing their potential for growth and the need for targeted financial support [7][17]. - Financial institutions are focusing on providing services to underserved populations, including new citizens and small businesses, to enhance financial inclusion and stimulate local consumption [18][19]. Long-term Strategy - The overall strategy for boosting consumption is shifting from short-term stimulus measures to long-term, systematic approaches aimed at enhancing consumer capacity and addressing structural issues in the economy [20].

（来源：中金固收） rops to 1.04%. The 101 Cop 200010 yield ren 1.75bps to 1.835%, the 5Y CGB 250003 yield fell 1.5bps to 1.5475%, while the 3Y CGB 2500010 closed at 1.40%. CGB futures traded up, with the 30Y main contract up 0.63%, the 10Y up 0.1%, the 5Y up 0.06%, and the 2Y up 0.01%. ■ Credit Bond Market Today, credit bond yields fell across most tenors by 0.3-2bps, except for the 5Y tenor, where yields mostly rose by around 0.2–1.5bps. Compared with CDB bonds, 5Y credit spreads across all ratings widened by about ...

Core Viewpoint - The consumption finance sector is experiencing a wave of capital increases, with companies aiming to enhance their capital strength and risk resilience to support sustainable development [1][3][4] Group 1: Capital Increases - Changsha Bank plans to inject up to 1.55 billion yuan into its subsidiary, Hunan Changyin 58 Consumer Finance Co., increasing its ownership from 56.66% to 74.96% [1] - Nanjing Bank and other shareholders have completed a capital increase for Nanjing Yinhang Consumer Finance Co., raising its registered capital from 5.215 billion yuan to 6 billion yuan, positioning it as the fourth largest in the industry [3] - Several smaller consumer finance institutions are also increasing their registered capital to meet regulatory requirements, with institutions like Vipshop Fubon Consumer Finance and CITIC Consumer Finance raising their capital to 1 billion yuan [4] Group 2: Industry Trends - The capital increase trend is seen as a means to strengthen the capital adequacy of consumer finance companies, enhancing their ability to withstand risks and expand business [3][5] - Major shareholders, particularly banks, are playing a crucial role in these capital increases, consolidating control and enabling strategic collaboration [5] - The industry is witnessing a diverse range of capital increase methods, including combinations of capital reserves, undistributed profits, and cash contributions [5] Group 3: Future Outlook - The trend of capital increases in the consumer finance sector is expected to continue into 2026, with a more rational and differentiated pace [6] - Mid-sized consumer finance companies will likely seek to maintain their return on equity (ROE) levels by supplementing core capital, while leading institutions may explore various capital-raising strategies beyond simple shareholder injections [6]

12月15日晚间，长沙银行发布公告宣布，拟以自有资金向控股子公司湖南长银五八消费金融股份有限公 司增资不超过15.5亿元。此次增资完成后，长银五八注册资本将由11.24亿元提升至19.45亿元，长沙银 行的持股比例将从56.66%增加至74.96%。 值得一提的是，对于增资动因，长沙银行在公告中明确，此举旨在充实长银五八资本金，增强其风险抵 御能力，为持续稳健经营奠定基础。从长沙银行自身财务状况看，增资具备充足底气。2022年至2024 年，该行的营业收入分别为228.68亿元、248.03亿元、259.36亿元；归母净利润分别为68.11亿元、74.63 亿元、78.27亿元，营收净利均呈现出稳步增长的态势。2025年前三季度，长沙银行实现营业收入197.21 亿元，同比增长1.29%；实现归母净利润65.57亿元，同比增长6%。 此外，作为长银五八第二大股东，与58同城创始人姚劲波关联的北京城市网邻信息技术有限公司并未跟 进此次增资，其持股比例将由26.43%降低至15.27%。 值得注意的是，作为湖南省首家持牌消费金融公司，长银五八的增资历程与行业监管政策高度同步。公 司2017年成立时注册资本3亿元， ...

又一消费金融公司将迎来增资。 近日，长沙银行公告称，拟以自有资金对控股子公司湖南长银五八消费金融股份有限公司（长银五八）增资，增资金额不超过15.5亿元，以进一步增强长银 五八的资本实力，提升其风险抵御能力，推动其健康可持续发展。最终增资金额以经监管部门核准后的实际出资金额为准。 长银五八成立于2017年，是经国家金融监督管理总局（原中国银监会）批准设立的湖南首家持牌消费金融公司，由长沙银行股份有限公司、北京城市网邻信 息技术有限公司（以下简称"北京网邻"）、长沙通程控股股份有限公司（以下简称"通程控股"）共同发起设立，总部位于湖南长沙。目前，上述三大股东的 持股比例分别是56.66%、26.43%和16.91%。 据不完全统计，今年以来，包括宁银消费金融、南银法巴消费金融等在内，至少有7家消费金融公司进行了增资。 长银五八将增资至19.45亿元 值得注意的是，通程控股近日公告称，公司与北京网邻均不参与此次增资。同时，通程控股拟将持有的长银五八1.14亿股股份转让给长沙银行，转让价格为 每股人民币1.8877元，转让金额总计约2.15亿元。转让后，通程控股持有长银五八的股份总数由1.9亿股变更为7600万股。 ...

又一银行系消费金融公司计划大规模增资。 12月15日晚间，长沙银行公告称，拟以自有资金对长银五八消费金融（下称"长银五八"）增资不超过15.5亿元。最终金额以经监管部门核准后的实际出资 金额为准。 而据长银五八第三大股东通程控股透露，长银五八其余股东不参与此次增资。同时，通程控股还计划将1.14亿股长银五八股份转让给长沙银行，转让金额 约2.15亿元。 前述增资及股权转让计划完成后，长银五八的注册资本将由11.24亿元增至19.45亿元，长沙银行所持股份比例将由56.66%升至80.82%。 第三轮大规模增资 据官网介绍，长银五八于2017年初在长沙正式开业，是经原银监会批准设立的湖南首家持牌消费金融公司，由长沙银行、北京网邻、通程控股共同发起设 立。 公司初始注册资本3亿元，其中长沙银行持股51%，北京网邻、通程控股分别持股33%、16%。2019年，长银五八以1元/股的价格增资至9亿元，三家股东 持股比例保持不变。 2024年3月，修订后的《消费金融公司管理办法》（下称《办法》）正式发布，其中明确要求消费金融公司注册资本门槛由3亿元提升至10亿元、主要出资 人持股比例由30%提升至50%等。 此外，据通程 ...

又一银行系消费金融公司计划大规模增资。 前述增资及股权转让计划完成后，长银五八的注册资本将由11.24亿元增至19.45亿元，长沙银行所持股份比例将由56.66%升至80.82%。 第三轮大规模增资 据官网介绍，长银五八于2017年初在长沙正式开业，是经原银监会批准设立的湖南首家持牌消费金融公司，由长沙银行、北京网邻、通程控股共同发起设立。 公司初始注册资本3亿元，其中长沙银行持股51%，北京网邻、通程控股分别持股33%、16%。2019年，长银五八以1元/股的价格增资至9亿元，三家股东持股比例保 持不变。 2024年3月，修订后的《消费金融公司管理办法》（下称《办法》）正式发布，其中明确要求消费金融公司注册资本门槛由3亿元提升至10亿元、主要出资人持股比 例由30%提升至50%等。 长银五八则是《办法》发布后首家披露增资计划的消费金融公司，并在当年10月底完成2024年度增资计划，注册资本由9亿元增至11.24亿元。其中，长沙银行、通 程控股持股比例分别升至56.66%、16.91%；北京网邻未参与此次增资，持股比例降至26.43%。 而据长沙银行最新公告，为进一步增强长银五八的资本实力，提升其风险抵御能力 ...

又一银行系消费金融公司计划大规模增资！ 12月15日晚间，长沙银行公告称，拟以自有资金对长银五八消费金融（下称"长银五八"）增资不超过15.5亿 元。最终金额以经监管部门核准后的实际出资金额为准。 而据长银五八第三大股东通程控股透露，长银五八其余股东不参与此次增资。同时，通程控股还计划将1.14亿 股长银五八股份转让给长沙银行，转让金额约2.15亿元。 前述增资及股权转让计划完成后，长银五八的注册资本将由11.24亿元增至19.45亿元，长沙银行所持股份比例 将由56.66%升至80.82%。 第三轮大规模增资 据官网介绍，长银五八于2017年初在长沙正式开业，是经原银监会批准设立的湖南首家持牌消费金融公司，由 长沙银行、北京网邻、通程控股共同发起设立。 公司初始注册资本3亿元，其中长沙银行持股51%，北京网邻、通程控股分别持股33%、16%。2019年，长银五 八以1元/股的价格增资至9亿元，三家股东持股比例保持不变。 2024年3月，修订后的《消费金融公司管理办法》（下称《办法》）正式发布，其中明确要求消费金融公司注 册资本门槛由3亿元提升至10亿元、主要出资人持股比例由30%提升至50%等。 长银五八则 ...