Sichuan Jincheng Consumer Finance Company Limited announced that it will raise CNY 160 million in an equity round of funding on December 28, 2022. The transaction will include participation from returning investor, Bank of Chengdu Co., Ltd. with 38.86% stake post completion of the transaction and other new investors. The company's registered capital will increase from CNY 420 million to CNY 580 million.

The transaction is still subjected to the approval of regulatory authority.