wen | dujiaojinrong xiemeiyu

编辑 | 付影

xiri“xiaojinyige”jiexinxiaofeijinrongyouxiangongsi（yixiajiancheng“jiexinxiaojin”），zailijingfengbohouyinglailemingyunzhuanzhedian。

12yue20ri，jutianjinyinxing（1578.hk）gonggao，qijiangxieshouguangzhoujingdongmaoyiyouxiangongsi（yixiajiancheng“guangzhoujingdong”）、wangyinzaixian（beijing）shangwufuwuyouxiangongsi（yixiajiancheng“wangyinzaixian”）deng4jiaqiyegongtongcanyujiexinxiaojindeguquanzhongzu。

zaixiaofeijinronglingyu，jiexinxiaojincengbeishiweixingyelongtou。dansuizheshichangjingzhengjiajuyujianguanquyan，jiexinxiaojinxianrukunjing，2023nianshuihoujingkuisun31.99yiyuan。

weilehuanjiecaiwuyali，jiexinxiaojinjinnian“shuaimai”juebuliangzichanbao，rujinzouxiangzhongzu。botongzixunjinrongxingyezishenshouxifenxishiwangpengborenwei，“jiexinxiaojinzhongzuhou，yeyiweizhezhenggexingyecufangshijingying、xunsu‘paomaquandi’zhanlingshichangdejingyingfangshibuzaiyouxiao。”

1、消金牌照“吃香”，5位股东参与捷信消金重组

genjugonggao，tianjinyinxingjiangyujingdongmaoyi、wangyinzaixian、zhongguoduiwaijingjimaoyixintuoyouxiangongsi（yixiajiancheng“waimaoxintuo”）、tianjinjingjijishukaifaquguoyouzichanjingyingyouxiangongsi（yixiajiancheng“tianjinjingkaiguozi”）、home credit n.v（jiexinjituan）dengqiyejiangyouxucanyujiexinxiaojinzhongzu。

zhongzufanganxianshi，wujiagudongjihuatongguoxianjianzihouzengzidefangshidiaozhengjiexinxiaojindezhuceziben，jutidiaozhengweiyouyuanxiande70yiyuanjianshaozhi50yiyuan。

zhongzuwanchenghou，jiexinxiaojindeguquanjiegoujiangfashengxianzhubianhua。jutilaikan，jingdongmaoyi、wangyinzaixianjunweijingdongqixiazigongsi，fenbiechuzi25yiyuan、7.5yiyuan，zhongzuwanchenghouhejichigubiliwei65%；waimaoxintuochuzi6yiyuan，chigubiliwei12%；tianjinjingkaiguozichuzi5.5yiyuan，chigubiliwei11%；tianjinyinxingchuzi5yiyuan，chigubiliwei10%。

eryuanquanzichigudewaizigudongjiexinjituan，duijiexinxiaojindechuziejiangjiangzhi1yiyuan，chigubilijiangzhi2%，chengweiqidi6dagudong。

图源：天津银行公告

congcanyujiexinxiaojinzhongzudeqiyexingzhilaikan，baohanhulianwang“dachang”、yinxing、difangguozi，zongtieryangudongjiegougengjiaduoyuanhua。

tianjinyinxingzaigonggaozhongbiaoshi，touzijiexinxiaojinyouliyuyinxingtuozhanpuhuijinrongkequn、zengqiangpuhuijinrongfazhannengli；tuijinzhuanyehuashichanghuayunying、chuangxinjinrongchanpinyijitishengyinglinenglideng。

jingdongfangmianyedui“diyicaijing”biaoshi，zaitianjinshizhengfuhexiangguanjianguanjigouzhidaoxia，gongsijiangyulingwai4jiagudongyouxucanyujiexinxiaojindezhongzu，weixiaofeizhechuangzaogengmeihaodexiaofeitiyan。

duici，wangpengbozefenxizhichu，“jingdongdejinrongleichanpinbijiaofengfu，zaizheifangmianyijingjileileduonianjingyan，erqiejingdonghangailezhongduoxiaofeipinleihefengfudexiaofeichangjing，zishengongyingliantixiyebijiaojianquan，zheixiedoushizuoxiaofeijinronghenhaodejichu。erqiejiexinxiaojinzishenzaixianxiajileiduonian，suiranzuijinjinianyejixiahua，danyeshijingdongkaizhanxianxiayewuhenhaodezhuashou。”

erwaimaoxintuozeyujiexinxiaojindeyuanyuanbuqian。2008nian，waimaoxintuojiuyujiexinxiaojinmugongsijiexinjituankaizhanleguoneidiyidanxiaofeijinrongxintuoxiangmu，youjiexinjituanzuoweiweituorenchuzishelidanyixintuo，waimaoxintuozuoweishoutuorenxianggerenfafangdaikuan。

2011nian6yue，waimaoxintuoyoufabuhuijin1hao，bangzhujiexinjituanmujizijin1000wanyuan。cihou，shuangfangzaizijinrongtongfangmiandehezuobuduanjiashen。ziliaoxianshi，waimaoxintuo1987nian9yue30richengli，shizhongguozhonghuachengyuanqiye，xianweizhongguoxintuoyexiehuihuizhangdanwei。

wangpengborenwei：“xiaofeijinrongpaizhaomuqianyiranzhiderushou，yinweixiaofeijinrongshichangqianlirengranjuda，suiranxianzaishoudaoxiaofeijiangjideyingxiang，danconggezhongguimoyucehegusuandeshujudounengkanchuweilairengranyouqianli。”

jinlehanshufenxishiliaohekaiyebiaoshi：“jiexinxiaojinzuoweiguoneishoupishidianqieshoujiawaishangduzixiaofeijinronggongsi，zaixingyeneiyouzheguangfandeyingxiangli、bianbuquanguodeyewuwangluo、chengshudexianxiayunyingjizhi，diejiaxianzaixingyeyanjianguantimenjiankongpaizhaodetaishiyujijiaozhangshijiandezhuangtai，daozhixiaofeijinrongpaizhaoxiquexinghuichixuxiaqu，yincizaijiexinmuqianzhengtishangqiekekongdeqingkuangxia，dachang、yinxing、difangguozijunyuanyiruju。”

2、加速“甩卖”不良资产

jiexinxiaojinxiyingefangrujudebeijing，chulexiaofeijinrongpaizhaoyijiu“chixiang”，jiexinxiaojinzishenhaizaijiasuqinglibuliangzichan，yijianqingcaiwufudan。

5yue29ri，jiexinxiaojinjiazhi260yiyuandebuliangzichanbaozaibeijingxianxiajinxingzhaotoubiao。gaizichanbaoqipaijia17.7yiyuan，xiangdangyudale0.68zhe。zheshangzichan、jiangxiruijingzichan、tianjinbinhaizhengxin、zhongqingfuchengdengdifangamcdoucanyulezhaotoubiao。

ciqian，beirenweizuiyoukeneng“jiepan”zheibizichandeshizheshangzichan，yinweiqiyishijiexinxiaojinde“laozhugu”。ju“diyicaijing”baodao，zaozai2021nian，jiexinxiaojinjiuzhuanrangguoguimo108yiyuandezichanbaojizheshangzichan，zuizhongzheshangzichannadao86yiyuandeguimo。daole2023nian，zheshangzichanyoudingxianghuodelaizijiexinxiaojindebenxiheji170yiyuandezichanbao。

raner，zheibijiazhi260yiyuandebuliangzichanbaobingweibeizheshangzichannaxia，ershi“hualuo”ruijingzichan，ruijingzichanzuizhongjiaojia19.6yiyuan，xiangjiaoqipaijiayijia10.73%，danxiangjiaoyuzichanbao260yiyuandejiazhi，yijingdale0.75zhe。

ciwai，2024nian11yueyilai，jiexinxiaojinyizaiyindengzhongxinfabule7qigerenxiaofeidaikuanbuliangzichanxiangmudepaimaixinxi。11yuezhijindebudaolianggeyueshijian，jiexinxiaojinzongji7qigerenxiaofeidaibuliangzichanzonge45.02yiyuan。

zuijinliangqizai12yue17ri，shejibenxigongji18.95yiyuan。gonggaoxianshi，jiexinxiaojinzheiliangpizichanbaofenbiebaohan16.79yiyuanhe2.16yiyuandebenxi，gongsheji330485bizhaiquan，chuji294836gejiekuanrenzhanghu，jiaquanpingjunyuqichaoguo7nian，yijingbeiquanbuhexiao，suoyoubiaodewujunbeiguileiweisunshilei，dandabufenshangweitiqisusong。

图源：银登中心官网

diliuqishejiweichanghaibenjin15.03yiyuan，weichanghailixi1.76yiyuan，yi5200wanyuandeqipaijiachurang；diqiqizichanbaodeweichanghaibenjin1.95yiyuan，weichanghailixi2124wanyuan，qipaijia390wanyuan。

wangpengbofenxizhichu：“muqiantongguozichanzhengquanhuahuozhezhaiwuzhongzudoushixiaohuabuliangdaikuandefangshi，dankendinghaishixuyaojinyibushulide，yexuyaoshijian。”

lingyimian，weihuoderongzi，jiexinxiaojindequanbuguquan，ciqianyijingfenbiezhiyajitianjinyinxing、waimaoxintuo。

jutilaikan，2024nian1yue25riji7yue24ri，jiexinjituanfenliangcijianggongji23.1yiyuanjiexinxiaojinguquanzhiyajitianjinyinxing。

2023nian9yue，jiexinjituanhaijiang46.9yiyuanjiexinxiaojinguquanzhiyajiwaimaoxintuo；lianggeyuehou，waimaoxintuofabu《haikuantongzhihan》，jiexinxiaojinxulijichanghaidangqide1.8yiyuanbenjinji131.47wanyuanlixi，fouzejiangxuanbujiexinxiaojinqianfudexintuodaikuanbenjin31.7yiyuanlijidaoqi，bingcaiquzhuanrangzhiyazhaiquanhuopaimai、bianmaizhiyazhaiquandengcuoshichanghaidaikuanbenxi。

buguo，zhidezhuyideshi，waimaoxintuosuihouyouweijiexinxiaojinshelile5qijihezijinxintuojihuazhuzi。zhenduizheizhongqingkuang，zai“wangyiqingliugongzuoshi”debaodaozhong，yiweixintuocongyerenshizhichu，xintuogongsizaiyijingfahancuizhaideqingkuangxiarengranjixuweiduifangfaxingxinyiqichanpinmuzi，cileiqingkuangkenengshijiexinhaijiu、gundongfaxing。

3、“消金一哥”20年沉浮

2010nian，jiexinjituanmugongsizhongdongoutouzijinrongjituan，yichunwaizideshenfenhuodelezaitianjinshidiandexiaofeijinrongpaizhao，jiexinxiaojinyoucichengli。

erju《beijingshangbao》baodao，zaozai2004nian10yue，guangdongjiexinrongzidanbaoyouxiangongsibianyijingchengli；2007nian1yue，shenzhenjiexinxinchizixunyouxiangongsichengli，liangjiagongsigouchenglejiexinxiaojinchuqideyunyingzhuti。yituozheiyimoshi，jiexinxiaojincengcengshentou，zhudianshixiaofeidaikuan（ji“posdai”）miaozhun3cshuma、riyongjiadiandenglingshouxingye。

zuoweicengjingdexingyeyige，jiexinxiaojinjijinzhanyefengguangwuliang。2017nian，jiexinxiaojinjingliruntupo10yiyuan；2018nian，jiexinxiaojinyi13.98yiyuandejinglirunweiliexingyediyi。

2019nian7yue，jiexinxiaojinxianggangjiaosuodijiaozhaogushu。tongyangshizheiyinian，jiexinxiaojinzongzichandadao1045yiyuan，chengweiyeneishoujiazichanguimotupoqianyiyuandexiaofeijinronggongsi，bingqieyongyouhezuoshanghu29.06wanjia，yuangongyue3.67wanren。dangnianyingshou170yi，jinglirun11.4yi。

rujin5nianguoqu，zichanguimopoqianyidechipaixiaofeijinronggongsiyouliangjia——jiezhi2024nianshangbannian，mayixiaofeijinrongzichanguimo2716yiyuan；zhaolianxiaofeijinrongzichanguimo1578yiyuan。

zhenduixiaojinxingyedexianzhuang，wangpengbofenxizhichu，“xiaojinxingyetoubuzaizhujianguhua，tebieshirumayixiaojin、zhaolianxiaojindengyijingzhanjulejiaodadeshichangfene，xingchengleyidingdepinpaizhimingduhekehuzhongchengdu；dansuizhejianguanzhengcedeshoujin，xiaofeijinrongpaizhaodehuoqunanduyuelaiyueda，suoyiyaozunshou《xiaofeijinronggongsiguanlibanfa》deqiantixia，jinhouyebixuchipaijingying。”

zi2019nianyihou，jiexinxiaojinjiukaishizouxiapolu。2019nian、2020nian，jiexinxiaojinfenbieshixianyingyeshouru173.22yiyuanhe112.32yiyuan，tongbixiajiang4.91%he35.16%；fenbieshixianguimujinglirun11.40yiyuanhe1.36yiyuan，tongbixiajiang18.36%he88.04%。2020nianzhihou，jiexinxiaojinyibuzaidanduduiwaipilucaibao。

ergenjutianjinyinxingpiludezuixinshuju，2022niandu、2023niandu，jiexinxiaojinshuiqianlirunfenbiewei0.69yiyuan、-42.65yiyuan，shuihoulirunfenbiewei0.34yiyuan、-31.99yiyuan。

图源：天津银行公告

cengjingdexiaojinxingyelongtouqiye，rujinzouxiangzhongzu，yeweixingyedailaiduofangmianqishi。wangpengborenwei：“jiexinxiaojinguoyuyilaixianxia，liru‘pos dai’dengchanpin，dangshichanghuanjingbianhuashi，zheizhongdanyimoshidejuxianxingjiubaoluchulai。”

“xiaojinjigouyingzhuzhongyewumoshideduoyuanhua，rutuozhanxianshangyewuqudao、kaifazhenduibutongxiaofeichangjingdejinrongchanpindengdeng，yifensanfengxianbingmanzubutongkehuquntidexuyao。ciwai，zhongshikehutousuyufankuiyehenzhongyao。”wangpengbobiaoshi。

liaohekaiyerenwei，“jiexinxiaojinzouxiangzhongzu，rangcongyezheyishidaozaizhongguokejidailaidexingyegaibianyingxiangshijudaqiekuaisude，chuantongchengshudeyunyingmoshizaizheimedadexingyeshichanglimianbujishigenjingaigeyehuihenkuaimianlinweiji、yewuguimokuozhangdaoyidingchengdugengyaokongzhihaofengxian，bunengyiweiwangqianchong。”

nishifoukanhaojiexinxiaojinzhongzuqianjing？pinglunquliaoliaoba。