《大行報告》大和料螞蟻消金增資後或可提供1.1萬億人幣消費貸款 估螞蟻集團最早或下半年進行IPO
阿里巴巴-SW(09988.HK)今早受追捧,盤中曾高見95.5元一度彈高7.7%,現報94.85元,升7%,成交額44.63億元。
大和發表報告表示,就重慶銀保監局公布關於同意重慶螞蟻消費金融公司(螞蟻消金)增加註冊資本及調整股權結構的批覆,同意公司將註冊資本增加105億元人民幣。該行認為上述將其視為螞蟻集團於2022年底開始的監管整改總結的一個信號。
報告指出,料重慶螞蟻消費金融公司增加註冊資本後,可能能夠提供1.1萬億元人民幣的消費貸款,此是假設75%的貸款採用聯合貸款模式,另外25%採用貸款便利化模式,而消費貸款的風險權重為75%等。 重慶螞蟻消費金融公司的消費貸款餘額已從2020年上半年底的2.2萬億元人民幣的高峰,至 2022年第三季度末縮減至1.3萬億元人民幣,該行料此或意味著在六個月內達到完全合規水平是可行的。
該行指,隨著螞蟻重慶螞蟻消費金融公司融資的不確定性逐漸消退,剩下的關鍵問題是金融控股牌照,而其徵信機構牌照的批准也可能成為其全面合規的次要催化劑。2023年3月「兩會」會議後,該行估計金融控股和徵信局牌照進展可能會更加明顯。如果螞蟻集團能夠順利完成監管整改,其 IPO最早可能在今年下半年進行。(wl/s)
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