The total number of wealth management users is over 150 million, and the amount of funds held is over 800 billion.
Editor’s note: This article comes from WeChat public account “Finance Doodle” (ID: caijingtuya) .
Author: step shake
Edit: tuya
According to the company’s intelligence expert “Finance and Finance”, on March 5, the registered capital of Shanghai Tengfu Financial Information Service Co., Ltd. (Tencent Li Caitong) changed from 10 million yuan to 30 million yuan, an increase of 200%.
Shanghai Tengfu Financial Information Service Co., Ltd. was established on November 27, 2017. In January 2019, the company’s legal representative was changed from Lai Zhiming to Yan Min, and Yan Min was Vice President of Tencent Financial Technology Business and Wealth Management. Platform leader.
In September 2019, the Tencent wealth management platform released the “Finance wealth management service upgrade” announcement, stating that the wealth management platform operating entity will be relocated from Tenpay to Shanghai Tencent Financial Information Services Co., Ltd.
The announcement also shows that Li Caitong was previously operated by Caifutong. After the relocation, Caifutong will focus on the payment business, while Shanghai Tengfu will take over the Li Caitong brand and focus on the platform business.
According to SkyEye, Shanghai Tengfu Financial Information Service Co., Ltd. is a 100% -owned subsidiary of Shenzhen Tencent Domain Computer Network Co., Ltd.
At present, Shanghai Tengfu’s business scope includes financial information services, research and development, design, and consulting services of financial products, market information consulting and investigation and data services, financial application software development, and e-commerce (not engaged in value-added telecommunications, Financial services), network technology, multimedia technology research and development, software system integration design, commissioning and maintenance, advertising design, production, agency, release, economic information consulting (except intermediaries), exhibition display services, investment consulting (except brokers), Computer software development, design, production and sales, telecommunications business.
In October 2018, the Shenzhen Central Bank Branch of the Central Bank updated the “Guidelines for Application for Payment Permits of Shenzhen Non-Financial Institutions” on its website, adding that the payment institution should be an institution specializing in payment services and not concurrently operating Or mix other non-payment service businesses. Under the policy requirements, Tencent will spin off the wealth management business from the wealth payment company, and let the wealth payment service specialize in payment services.
As a benchmarking business, Ant Financial’s one-stop wealth management platform, Ant Wealth, operates as Ant Wealth (Shanghai) Financial Information Services Co., Ltd., with a current registered capital of 10 million yuan.
In 2014, Tencent Banking launched on WeChat Wallet, positioning it as a “boutique internet wealth management platform”. According to the data of the official wealth management website, as of 2019, the total number of wealth management customers exceeds 150 million, and the amount of funds heldMore than 800 billion, with more than 1,000 products. Its wealth management products include currency funds, banks, insurance, securities companies, corporate loans, index funds, etc. The wealth management period is available on demand, 7-28 days, 1-12 Different options such as month, 1 year and above.
In the second quarter financial report released by Tencent Holdings in 2019, financial technology and corporate services revenue reached 22.9 billion yuan during the reporting period, a year-on-year increase of 37%.
Tencent has also taken a small step this year in opening up financial products. In February 2020, WeChat Wealth Management realized the connection with Lianqiantong products, and users can directly use Licence. Use WeChat Pay to purchase wealth management products, and some fees will be charged in the middle.
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