On July 30, Shenzhen Banking and Insurance Supervision Bureau issued a reply and agreed.China Merchants BankChina Merchants Wing Lung Bank has a 25.85% stake in China Merchants Consumer Gold.

After the equity change, the ownership structure of Zhaolian Xiaojin is as follows:UnicomIt holds 50% of the shares and China Merchants Bank holds 50% of the shares. Previously, the shareholding structure of Zhaolian Xiaojin was as follows: China Unicom held 50% and China Merchants Yonglong held 25.85%.China Merchants BankHold 24.15% of the stock. Among them, China Merchants Yonglong is a wholly-owned subsidiary of China Merchants Bank.

Zhaolian Xiaojin was founded in March 2015 by China Merchants Bank's Hong Kong Wing Lung Bank and China Unicom, with a registered capital of 2 billion yuan and 50 per cent equity, according to the official website. The company is registered in Qianhai, Shenzhen and is the first consumer finance company established under the framework of the mainland and Hong Kong closer Economic Partnership arrangement (CEPA).

In March this year, China Merchants Bank announced that he would start the research on the listing of Zhaolian Finance.

In terms of performance, as of the end of March, the monthly operating income of Zhaolian Xiaojin was 1.2 billion yuan, with a cumulative operating income of 3.589 billion yuan.Net profit271 million yuan, with a cumulative net profit of 656 million yuan.