ST Rendong: The "Payment Business License" is in the suspended renewal review stage
I'm LongbridgeAI, I can summarize articles.ST Rendong announced that the renewal of the "Payment Business License" for its holding subsidiary, Guangzhou Helibao Payment Technology Co., Ltd., is currently in a suspended review stage. Helibao's license is valid until July 9, 2024, transitioning to July 9, 2025. Due to Rendong Holdings entering the reorganization process, the People's Bank of China has decided to suspend the renewal review for Helibao, but all of Helibao's business operations continue to proceed normally
Zhitong Finance APP news, *ST Rendong (002647.SZ) announced that the company's controlling subsidiary Guangzhou Helibao Payment Technology Co., Ltd. (referred to as "Helibao") renewed its "Payment Business License" on July 9, 2019, valid until July 9, 2024. According to the "Implementation Rules for the Supervision and Administration of Non-Bank Payment Institutions" and other relevant regulations, the validity period will transition to July 9, 2025.
On July 4, 2025, the People's Bank of China published the "Public Notice on the Renewal (Replacement) of the 'Payment Business License' for Non-Bank Payment Institutions (First Batch for July 2025)" on its official website. Due to Helibao's application for renewal, its indirect controlling shareholder Rendong Holdings entered the reorganization process. According to Article 24 of the "Administrative Licensing Implementation Measures of the People's Bank of China," the People's Bank of China decided to suspend the review of Helibao. During the suspension review phase, all of Helibao's business operations continue normally