# Backed by Industrial Bank's Advantages, Why Is Xingye Consumer Finance's Path to Quality and Efficiency More Stable?

As the core platform for Industrial Bank’s retail business layout, Industrial Consumer Finance relies on the parent bank’s resources to achieve steady development.

Produced by | Zhongfang Network

Reviewed by | Li Xiaoyan

Recently, the news that Du Yiqian, Vice President of Industrial Consumer Finance, returned to the parent bank, Industrial Bank, has attracted industry attention. According to multiple sources, this experienced manager, who has been deeply involved in retail finance, has been transferred to the position of Deputy General Manager of the Retail Credit Department at the head office of Industrial Bank. This personnel change reflects the normal internal talent circulation within the group and also highlights the strategic layout of the parent bank for the coordinated development of retail credit business. Meanwhile, Industrial Consumer Finance recently listed four batches of personal non-performing loan transfer projects on YinDeng.com, with total claims exceeding 3 billion yuan, sparking market discussion on its risk disposal measures. As a leading consumer finance institution controlled by Industrial Bank, Industrial Consumer Finance is steadily advancing its high-quality development transformation through talent optimization and orderly risk clearing.

Public records show that Du Yiqian has a solid background within the Industrial Bank system. Around 2018, he was assigned to Industrial Consumer Finance to start his career in subsidiaries, gradually rising from Director of the Marketing Department and Assistant to the President to core management team member. In March 2023, he was promoted to Vice President, mainly responsible for market expansion and other business areas, deeply involved in the company’s business layout and operations. As a subsidiary in which Industrial Bank holds a 66% stake, the core management team of Industrial Consumer Finance has always been dispatched by the parent bank. Senior management rotations are routine group personnel adjustments. Du Yiqian’s return further strengthens the business synergy between the parent and subsidiary. This personnel transfer coincides with the 2026 work conference of Industrial Bank, which emphasizes the main theme of “steady progress, quality improvement, and efficiency enhancement,” during a critical period focused on deepening retail business and building smart banking. As of the end of June 2025, the retail loan balance (excluding credit cards) of Industrial Bank reached 1.5409 trillion yuan, making retail business a key growth driver for the group. With his experience in market expansion within the consumer finance sector and retail business expertise, Du Yiqian will inject new momentum into the head office’s retail credit business, promoting deeper collaboration in customer sharing, product innovation, and risk control with the subsidiary, helping the group’s retail sector achieve overall quality and efficiency improvements.

Recently, the four batches of personal non-performing loan projects listed by Industrial Consumer Finance have attracted market attention. According to the announcement on YinDeng.com, these four projects involve a total of 29,001 transactions, with outstanding claims exceeding 3 billion yuan. The non-repaid claims in the first three batches each exceed 700 million yuan, with an average overdue period concentrated between 423 and 439 days. The company clarified that most of these assets were written off in 2025, and that “the borrower acquisition and approval process is strict, and the account ages are short,” leaving room for third-party disposal. Industry background shows that in early 2026, the speed of non-performing asset disposal in the consumer finance sector has accelerated. The YinDeng Center’s non-performing loan transfer pilot has been extended with fee discounts to support risk resolution efforts.

Data indicates that in 2025, Industrial Consumer Finance listed approximately 40.1 billion yuan of non-performing assets on YinDeng.com, accounting for nearly 90% of the total industry listing volume that year, ranking among the top in asset disposal scale. The concentrated listing of over-one-year-old non-performing assets aligns with the focus on long-overdue asset disposal in 2025, reflecting a “classified and orderly clearance” risk management approach. Asset quality improvements are gradually becoming evident.

By the end of 2024, the company’s non-performing loan balance was 2.4 billion yuan, with a non-performing rate of 2.93%, continuing to rise since 2022; by the end of May 2025, the non-performing balance decreased to 2.105 billion yuan, with a non-performing rate of 2.61%, achieving a “double decline.” In the first half of 2025, the company achieved operating income of 4.56 billion yuan and net profit of 868 million yuan, a year-on-year increase of 213.4%, closely related to reduced provisions for credit losses and recovery of non-performing assets. However, the asset scale also contracted, with total assets at 81.539 billion yuan by the end of June 2025, continuing to decline from the end of 2023 and 2024, reflecting synchronized risk disposal and business restructuring.

While managing risk, Industrial Consumer Finance continues to promote compliant operations and service optimization to address market concerns. In mid-January 2026, the company issued a fee regulation commitment announcement, clarifying fee items, standards, and methods based on contracts, strictly prohibiting outside-contract fees and intermediary charges, and strengthening customer rights protection. In late February, the company published a list of over 50 third-party collection agencies, improving collection management systems and emphasizing the protection of borrowers’ personal information. However, market expectations remain high. Data from the Black Cat Complaint Platform shows that since early 2026, the company has received multiple complaints related to third-party collection harassment, fee disputes, and information leaks. Industry experts point out that consumer finance companies need to balance risk resolution with customer rights protection during non-performing asset disposal to avoid damaging reputation through excessive collection. In response, Industrial Consumer Finance is enhancing its digital risk control capabilities to reduce reliance on third-party collections and strengthening supervision of collection agencies to standardize collection behaviors.

As the core platform for Industrial Bank’s retail business, Industrial Consumer Finance relies on the parent bank’s resources for steady growth. Established in December 2014 with a registered capital of 5.32 billion yuan, leveraging the parent bank’s funding, risk control, and customer resources, it has grown into a leading domestic consumer finance institution. In 2025, the company promoted a “dual-drive” model of “offline direct sales + online traffic,” with offline loans reaching 569 billion yuan, accounting for nearly 70% of total loans, while accelerating online transformation through partnerships with top platforms like Ctrip and Meituan, increasing online share to 30.57%.

Looking ahead, Industrial Consumer Finance faces multiple opportunities and challenges. On one hand, continued optimization of non-performing asset disposal will strengthen the balance sheet and lay the foundation for business restart; on the other hand, resource empowerment and talent collaboration from the parent bank will promote synergy and efficiency in retail business, helping expand inclusive financial services. Meanwhile, balancing business growth with risk control, enhancing customer service reputation, and integrating online and offline development remain ongoing challenges.

Industry analysis indicates that the consumer finance sector is entering a new stage of high-quality development, with risk clearing, compliance, and innovation as core keywords. Through talent optimization and orderly risk disposal, Industrial Consumer Finance demonstrates the advantages of group operation and proactive industry adaptation. As risk disposal progresses and compliance systems improve, the company is expected to maintain its inclusive finance positioning while achieving coordinated growth in scale, quality, and efficiency, providing a valuable reference for high-quality industry development.

Personal opinions for reference only.