Xiaomi Finance issued an official statement through its microblog, Recently
Xiaomi Financial also stressed that as early as December 2018, Beijing Haidian District Court has issued a judgment,
Xiaomi also pasted out the court judgment at that time to correct the audio-visual.
According to the judgement,
Chongqing Xiaomi Consumer Finance Co., Ltd. was approved at the end of January this year, which is jointly invested by Chongqing Rural Commercial Bank Co., Ltd. and Xiaomi Communication Technology Co., Ltd., with a registered capital of 1.5 billion yuan, of which Xiaomi communication contributed 750 million yuan, holding 50% of the shares, and Chongqing Rural Commercial Bank contributed 450 million yuan, holding 30% of the shares.
The business scope of Xiaomi consumer finance includes: issuing personal consumption loans, accepting deposits from domestic subsidiaries and domestic shareholders, borrowing from domestic financial institutions, issuing financial bonds upon approval, domestic interbank lending, consulting and agency business related to consumer finance, agent sales of insurance products related to consumer loans, and fixed income securities investment business.
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