The Company primarily provides micro credit loan services for micro and small-enterprise (“MSE”) owners, loan facilitation and post-facilitation and guarantee services for the commercial banks, and loan lending agency service for financial institutions.
The Company is a home equity loan service provider in China. The Company, through its operating subsidiaries in China, conduct business by connecting demands and supplies through collaborating with sales partners and trust companies under the trust lending model, and local channel partners and commercial banks under the commercial bank partnership model. Its sales partners and local channel partners are responsible for recommending micro- and small-enterprise (“MSE”) owners with financing needs to us and we introduce eligible borrowers to licensed financial institutions with sufficient funding sources including trust companies and commercial banks who will then conduct their own risk assessments and make credit decisions. The Company has established a national network of 87 branches and sub-branches in over 50 cities in China.
The Company primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 and other major cities in China. It originated home equity loans for 17,703, 22,060 and 23,923 (including 3,891 under the commercial bank partnership model) borrowers in 2020, 2021 and 2022, respectively.
The Company has one operating segment. The Company operations and customers are located in the PRC.
HISTORY
1999 The Company started its operations in 1999 through Fanhua Chuang Li Information Technology (Shenzhen) Co., Ltd., which became its onshore holding company of the main operating subsidiaries in the PRC.
2000 The Company formed its wholly owned Hong Kong subsidiary, China Financial Services Group Limited (“CFSGL”), as the offshore holding company of our PRC subsidiaries.
2006 The Company was spun off from Fanhua Inc., a company listed on NASDAQ (symbol: FANH), and formed Sincere Fame International Limited (“SFIL”) under the laws of British Virgin Islands as the holding company of CFSGL.
2014 The Company is incorporated in the Cayman Islands and was established on January 8, 2014 by the shareholders of Sincere Fame International Limited (“Sincere Fame”).
2018 The Company became its holding company through share exchanges with the shareholders of SFIL in March 2018.
On November, 7 2018, the Company was listed on the New York Stock Exchange under the symbol “CNF.”
Headquarters
44/F, Tower G, 16 Zhujiang Dong Rd, Tianhe Dstrct
Guangzhou; Guangdong;
Postal Code: 510620
Contact Details: Purchase the Cnfinance Holdings Ltd. report to view the information.
Website: http://www.cashchina.cn
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