Our Businesses | China Finance Investment Holdings Limited - Integrated Finance

The financial markets of Mainland and Hong Kong have thriving development over the last decade. In recent years, the Chinese internet finance, P2P lending in particular, enjoys an exponential growth generated by the “Internet Plus” strategy. We expect that the financial development in China will be more vibrant and diversified, with the business growing in a comprehensive, integrated direction. Seizing the opportunities and the potentials from this financial reform, CFIH's integrated financial services business will be growing positively in this new era.

 

Since early 2015, CFIH has been actively developing its internet financial services and lending businesses. The Group is currently engaged in money lending business in Hong Kong through its wholly-owned subsidiary Golden Rich Finance. Also, through its wholly-owned subsidiary Golden Rich (HK) Limited ("Golden Rich HK"), the Group indirectly holds 25% equity interest of the Shenzhen Qianhai Gelin Internet Financial Services Company Limited (深圳前海格林易貸互聯網服務有限公司), enabling the Group to operate an internet financial services platform in Mainland China.

 

Golden Rich Finance, a licensed money lender in Hong Kong under the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong), is primarily engaged in providing comprehensive and diversified commercial and personal loan financing services in Hong Kong, including basic and equity financing, cross-border financing, P2P lending platform and mortgage. The Group obtained its relevant operating license on September 8, 2015, and the money lender license number is 904/2015.

 

In September 2015, CFIH completed the acquisition of Golden Rich HK to enter the internet finance market in China. Focusing on internet technology, innovation, and reliable and trusted services, CFIH is committed to providing safe, efficient and all-round investment and financing services to micro-, nano-, small- and mid-cap companies as well as individuals, establishing an internet financial ecosphere with universal banking services to contribute to the socio-economic development and improvement of China.  As of 31 December 2015, the internet financial services platform has attracted over 800,000 registered users, and earned an audited consolidated net profit before tax of approximately RMB 42.11 million and an audited consolidated net profit after tax of approximately RMB35.86 million in the financial year of 2015, already fulfilling the profit guarantee in relation to the acquisition of being not less than RMB30 million. It is expected to fuel the growth of the Group continuously.

 

Meanwhile, the Group is keeping a close eye on the markets of securities trading, brokerage and advisory services in Hong Kong. The transactions and related operating licenses are expected to be completed and approved by the first quarter of 2016.