Bank of Chengdu Co Ltd

Several banks recently announced caps on the overall financing costs of personal loans. State-owned large banks, joint-stock banks, city commercial banks, and rural commercial banks show an overall stepwise increase but with internal divergence. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank all have an annualized rate cap of 6% for personal consumer loans and business loans, while Postal Savings Bank of China and Bank of Communications set the cap at 12%. Among joint-stock banks, China Merchants Bank, China CITIC Bank, and several others cap their self-operated consumer loans at 12%, Ping An Bank reaches 18.5%, and China Bohai Bank and Evergrowing Bank go up to 24%. For business loans, China Everbright Bank caps at 8%, Huaxia Bank at 10%, Ping An Bank at 20%, and China Bohai Bank at four times the loan prime rate. Among city commercial banks, Qilu Bank, Bank of Jilin, and Qishang Bank set the overall financing cost cap at 18%, while Bank of Chengdu caps self-operated consumer loans and business loans at just 7%. Rural commercial banks show clear divergence: Chongqing Rural Commercial Bank, Shunde Rural Commercial Bank, and Guangzhou Rural Commercial Bank cap consumer loans at 12%, Xiamen Rural Commercial Bank and Zijin Bank go as high as 24%, and Chongqing Rural Commercial Bank also sets a 10% cap for loans to farmers. The cap for cooperative internet loans is generally 24%. These caps take effect from August 1, 2026, and all represent the rate ceiling under normal repayment conditions. Su Xiaorui, senior researcher at Suxi Zhiyan, said that the rate caps correspond to different bank customer segments, and transparent disclosure with tiered stratification is an important sign of a maturing credit market.

Sichuan Jincheng Consumer Finance Company Limited has recently been added to the list of enforcement targets. The enforcing court is the Primary People's Court of Chengdu Hi-tech Industrial Development Zone, with the case filed on July 24, 2026, under case number (2026) Chuan 0191 Zhi 11018. The amount of the enforcement claim was not disclosed. As one of the first batch of pilot consumer finance companies nationwide, Jincheng Consumer Finance was jointly established by Bank of Chengdu and Malaysia's Hong Leong Bank. Currently, Bank of Chengdu holds a 38.86% stake, and total assets have approached 20 billion yuan. According to annual reports from Bank of Chengdu, over the six years from 2020 to 2025, Jincheng Consumer Finance's operating revenue grew from 750 million yuan to 1.176 billion yuan, but net profit traced a roller-coaster curve. It first jumped from 121 million yuan in 2020 to 251 million yuan in 2021, then climbed modestly to a peak of 261 million yuan in 2022 and 2023, fell back to 207 million yuan in 2024, and further declined to 158 million yuan in 2025, a year-on-year drop of about 24%.