值得注意的是，在股权变更的同日，东方支付还获得了一笔巨额增资。注册资本金从此前的1.21亿元增 资到2亿元，增资幅度超过65%。 "大手笔增资还是为了满足《非银行支付机构条例》对实缴资本的硬性门槛。"王蓬博分析认为，同时这 也释放出了小红书要深度运营支付能力的战略信号，而非简单财务投资。 事实上， 东方支付近年经营状况并不乐观。根据公开信息，财务方面，2024年东方支付营收888万元， 净亏损800万元；2025上半年，营收376万元，净亏损527万元。最新的资产总计1.32亿元，所有者权益 9300万元。 【#小红书获得支付牌照# 或欲补齐关键金融基础设施短板】 11月6日，贝壳财经记者了解到，小红书通过旗下全资子公司已成功获得一块支付牌照。 根据天眼查信息，东方电子支付有限公司（以下简称"东方支付"）原有股东已于近日悉数退出，目前 100%控股股东已变更为宁智信息科技（上海）有限公司（以下简称"宁智信息"）。而宁智信息是小红 书的全资子公司。 "小红书对支付牌照的获取确实具有紧迫性，是对未来电商与本地生活以及金融增值服务规模化变现的 提前布局。"博通咨询金融行业资深分析师王蓬博表示，小红书此举的核心原因是 ...

Core Insights - The successful bankruptcy restructuring of Rindong Holdings marks a significant achievement in the context of China's new bankruptcy regulations, showcasing the effective collaboration and expertise of CITIC Financial Assets Shenzhen Branch [2][6] Group 1: Company Overview - Rindong Holdings, once a leader in the third-party payment industry, faced severe financial distress in early 2024, with expanding losses and critical issues regarding its core payment licenses [3] - The company encountered liquidity shortages, maturing debts, and risks of asset liquidation, necessitating a structured bankruptcy reorganization [3][4] Group 2: Restructuring Process - CITIC Financial Assets Shenzhen Branch played a pivotal role in the restructuring process, leveraging its professional capabilities and experience to assess the feasibility of Rindong's reorganization [3][4] - The bankruptcy restructuring was initiated on December 30, 2024, with the Guangzhou Intermediate Court accepting the case, leading to the company's stock being marked with "ST" [4][5] - The restructuring faced challenges, including resistance from some original creditors and the lack of precedent for successful cases under the new regulations [4] Group 3: Strategic Actions - The Shenzhen branch focused on consolidating debts and enhancing creditor influence, which was crucial for advancing the restructuring process [4] - Key actions included acquiring debts from financial institutions like CITIC Bank to stabilize Rindong's balance sheet and mitigate risks of asset liquidation [4] - Collaboration with strategic investors and financial advisors facilitated the deep exploration of Rindong's value and resource integration, enhancing its operational capabilities [4][6] Group 4: Future Outlook - The restructuring process, completed by March 2025, is seen as a new benchmark for listed company reorganizations, emphasizing that bankruptcy is a starting point for resource reallocation rather than an endpoint [6] - Successful restructuring is expected to position Rindong Holdings as a representative of technological financial innovation, contributing to the integration of digital and real economies [6]