After receiving a round of capital injection from shareholders, bringing its registered capital to 10 billion yuan, Sichuan Jincheng Consumer Finance Co., Ltd. (hereinafter referred to as "Jincheng Consumer Finance") has welcomed a new president from its major shareholder Bank of Chengdu Co., Ltd.
On September 3, the Sichuan branch of the National Financial Regulatory Administration approved Zhang Lin's qualification as a director of Jincheng Consumer Finance. On September 5, the regulatory authority approved Zhang Lin's qualification as president of Jincheng Consumer Finance. According to the company's official website, Zhang Lin officially assumed the position of company president on September 5, 2025.
Public records show that in November 2017, Ms. Zhang Lin, then serving as Deputy General Manager of the Technology Department at Bank of Chengdu Co., Ltd., participated in the "2017 Sichuan Banking Industry Intelligent Operation and IT Risk Control Special Exchange Conference" held in Chengdu.
Jincheng Consumer Finance was established in February 2010, with Zhang Peng as its legal representative. It is one of the first four pilot consumer finance companies in China and the first consumer finance company in central and western China. Its registered address is located in the Chengdu High-tech Zone of the China (Sichuan) Pilot Free Trade Zone.
Zhang Peng has served as a Party Committee member of Bank of Chengdu Co., Ltd. since May 2023, and has been the bank's union chairman and employee supervisor since January 2017, while also serving as chairman of Jincheng Consumer Finance and the sixth vice president of the Sichuan Payment and Clearing Association. Previously, Ms. Zhang Peng served as credit director at Chengdu Urban Credit Union and director of Chengdu Youth Urban Credit Union. She also held positions as Party Secretary and President of Bank of Chengdu Co., Ltd.'s Huaxing Branch, and General Manager of the bank's Corporate Business Department, Institutional Management Department, and International Business Department.
On May 30, 2018, Zhang Peng's qualification as chairman of Jincheng Consumer Finance was approved, and she has led the company for more than seven years. In August 2025, Zhang Peng resigned from her positions as employee supervisor of the eighth board of supervisors and union chairman of Bank of Chengdu Co., Ltd. due to work transfer, and will no longer hold any positions at the bank after resignation.
Wang Hui, current Party Secretary and Chairman of Bank of Chengdu Co., Ltd., also previously served as chairman of Jincheng Consumer Finance. He Weizhong, Vice Chairman of Bank of Chengdu Co., Ltd., currently serves as a director of Jincheng Consumer Finance.
According to information obtained, Jincheng Consumer Finance was jointly established by Bank of Chengdu Co., Ltd. (601838.SH) and Hong Leong Bank Berhad of Malaysia, with an initial registered capital of 320 million yuan. Bank of Chengdu Co., Ltd. initially held a 51% stake as the largest shareholder.
In September 2018, regulatory authorities approved the increase of Jincheng Consumer Finance's registered capital from 320 million yuan to 420 million yuan, introducing strategic investment enterprises. In March 2025, the company was approved for another capital increase of 580 million yuan, changing the registered capital from 420 million yuan to 1 billion yuan. This move marked Jincheng Consumer Finance's formal achievement of the registered capital threshold stipulated in the "Consumer Finance Company Management Measures."
After this capital increase and equity structure adjustment, Bank of Chengdu Co., Ltd.'s shareholding increased to 39.99%, remaining the largest shareholder of Jincheng Consumer Finance.
Chengdu Tianfu Software Park, Chow Tai Fook, Chengdu Jiaozipark Xinxing Financial Investment Group, Chongqing Hongguang Information Technology Co., Ltd., and Hong Leong Bank Berhad hold stakes of 28.20%, 17.85%, 10%, 2.53%, and 1.43% respectively.
As of the end of 2024, Jincheng Consumer Finance had total assets of 15.916 billion yuan and net assets of 1.935 billion yuan. As of the end of June 2025, the company's total assets reached 16.862 billion yuan, an increase of 5.94% from the end of last year; net assets were 2.598 billion yuan, an increase of 34.26% from the end of last year.
In 2024, Jincheng Consumer Finance achieved operating revenue of 1.08 billion yuan and net profit of 207 million yuan. In the first half of this year, the company achieved operating revenue of 564 million yuan, a year-on-year increase of 6.42%, and net profit of 110 million yuan, a year-on-year increase of 37.5%.
According to the company's official website, Jincheng Consumer Finance has three main business products. Among them, Jinnang Loan features borrowing and repaying at any time with flexibility and convenience, with annual interest rates (simple interest) ranging from 3% to 24%; Jinxiang Loan products mainly serve customers with real estate (fully paid houses, mortgaged houses), stable income sources, and good credit records, with annual interest rates (simple interest) ranging from 5.5% to 22.9%; Jinyi Loan products feature fast lending and simple procedures, with annual interest rates (simple interest) ranging from 7.5% to 16%.
Comments