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Chongqing Ant Consumer Finance Co. Ltd. is entering the debt market for the first time, launching a 2-billion-yuan ($277 million) bond sale as it seeks to expand its consumer lending business.
The subsidiary of Chinese fintech giant Ant Group Co. Ltd. began bookbuilding for the three-year, fixed-rate bonds on Monday in China’s interbank market. This first issuance is part of a 15-billion-yuan bond quota approved by the People’s Bank of China on July 4 and valid through July 2027.

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- Ant Consumer Finance launched its first bond sale, offering 2 billion yuan of three-year bonds as part of a 15-billion-yuan quota approved through 2027.
- In 2024, the firm reported 15.21 billion yuan in revenue, 3.05 billion yuan net profit, and assets of 313.75 billion yuan, up 30.9% year-on-year.
- The issuance follows favorable regulatory changes and comes amid a surge in consumer finance bonds with sector yields at historic lows.
- Chongqing Ant Consumer Finance Co. Ltd.
- Chongqing Ant Consumer Finance Co. Ltd. is a Chinese consumer finance institution and a subsidiary of Ant Group. It is making its debut in the debt market with a 2-billion-yuan bond sale, aiming to expand its consumer lending business. The company holds a AAA rating and reported 15.21 billion yuan in revenue and a net profit of 3.05 billion yuan in 2024.
- Ant Group Co. Ltd.
- Ant Group Co. Ltd. is a Chinese fintech giant and the parent company of Chongqing Ant Consumer Finance Co. Ltd. Ant Group holds a 50% stake in Chongqing Ant Consumer Finance, which was founded in June 2021. This subsidiary is raising 2 billion yuan in its first debt market foray to expand its consumer lending business.
- Huatai Securities
- Huatai Securities is involved in the debt market by serving as the bookrunner and a lead underwriter for Chongqing Ant Consumer Finance Co. Ltd.'s 2-billion-yuan bond sale. This role highlights their participation in facilitating significant financial transactions within China's interbank market.
- CITIC Securities
- CITIC Securities is serving as a lead underwriter for Chongqing Ant Consumer Finance Co. Ltd.'s bond sale. The bonds, totaling 2 billion yuan, are part of a 15-billion-yuan quota and have a top AAA rating.
- United Credit Ratings Co. Ltd.
- United Credit Ratings Co. Ltd. is a credit rating firm that has assigned a top AAA rating to both Chongqing Ant Consumer Finance Co. Ltd. and its bonds. The firm acknowledges Ant Consumer Finance's low nonperforming loan ratio and strengthened capital base but indicates capital adequacy as an area to monitor as lending expands.
- Zhejiang Ningyin Consumer Finance Co. Ltd.
- Zhejiang Ningyin Consumer Finance Co. Ltd. is a consumer finance company in China. In January, it issued a bond with a yield of 1.65%, which was the lowest-yielding bond in the sector in 2025 according to the article.
- Haier Consumer Finance Co. Ltd.
- Haier Consumer Finance Co. Ltd. is a licensed consumer finance company. In June, it issued bonds with the highest coupon so far among consumer finance companies, amounting to 10 billion yuan.
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