According to AI News, on the evening of December 20th, Tianjin Bank, listed on the Hong Kong Stock Exchange, announced that it will participate in the restructuring of Jiexin Consumer Finance Co., Ltd. (referred to as "Jiexin Consumer Finance") with multiple companies including Guangzhou Jingdong Trading Co., Ltd. and Online Banking (Beijing) Business Service Co., Ltd. Among them, Guangzhou Jingdong Trading Co., Ltd. and Online Banking (Beijing) Business Service Co., Ltd. are both subsidiaries of JD Group. After the restructuring is completed, the two companies will jointly hold 65% equity of Jiexin Consumer Finance. According to the work arrangement, the registered capital of Jiexin Consumer Finance will be adjusted from 7 billion yuan to 5 billion yuan through equity restructuring methods such as first reducing capital and then introducing strategic investors for capital increase. Among them, the capital reduction procedure involves a decrease in the registered capital of Jiexin Consumer Finance, and Home Credit N.V. (Jiexin Group) does not receive any capital reduction or payment from Jiexin Consumer Finance during the capital reduction procedure. Jiexin Consumer Finance was registered and established in Tianjin in 2010. It is one of the first four pilot companies for consumer finance and the first foreign-owned consumer finance company in China. In 2020, the company's operating performance declined significantly, with a year-on-year decrease of 88% in net profit. Since then, Jiexin Consumer Finance has not disclosed any annual reports.