Hey, friends, the concept of cross-border payment has become popular again recently. Many people in the background are asking: CNPC Capital, Cuiwei Shares, Eternal Asia, and Lakala, among the four companies known as the “Four Little Dragons of Cross-border Payment”, who has the greater potential?
Let’s talk about this today.
To be honest, this question is quite reasonable.
Now that the internationalization of the RMB is accelerating, the cake of cross-border payments is getting bigger and bigger. It is indeed worth pondering who can get the biggest piece.
Let’s not deal with the fictitious ones, but go directly to the data to see what’s going on with these companies.
Let’s take a look at the “national team” players first: CNPC Capital
Speaking of CNPC Capital, this background is not ordinary.
Its major shareholder is China National Petroleum Corporation, which holds 100% of the shares, and has a proper background as a central enterprise.
The company was registered in Karamay, Xinjiang and was established in 1996 with a registered capital of 12.642 billion yuan.
The chairman is He Fang. The company mainly engages in investment management and consulting services.
Although it does not seem to be directly related to payment, it has a natural advantage in cross-border energy settlement and RMB internationalization due to the big tree of PetroChina.
The stock price has been performing very strongly recently. On April 7, it rose 7.76% in one day, with a closing price of 11.53 yuan, and a transaction volume of 9.255 billion.
This level of financial attention is evident.
Look at the representative of “retail transformation”: Cuiwei Shares
Many people may still have the impression of Cuiwei Shares in department stores, but in fact they have already transformed.
The company was established in 2003 in Haidian District, Beijing, with a registered capital of 799 million yuan.
The chairman is Kuang Zhenxing.
Although its main business is still department store retail, it has branched into payment, financial technology and other fields through acquisitions and other methods.
The major shareholder is Beijing Cuiwei State-owned Assets Management Company, which holds 47.16% of the shares, which can be regarded as a state-owned asset.
In terms of stock price, Cuiwei hit the daily limit today!
It rose 10.03% and closed at 13.16 yuan.
This momentum is indeed fierce.
Veteran of “supply chain finance”: Eternal Asia
Eternal Asia was established in Shenzhen in 1997 with a registered capital of 2.597 billion yuan.
The chairman is Chen Weimin.
The main business of this company is supply chain management, wholesale of cosmetics and daily necessities.
However, the supply chain is naturally closely related to capital flow and information flow, so Eternal Asia also has a deep layout in cross-border payments and supply chain finance.
Today’s stock price rose 8.05%, closing at 5.64 yuan, with a turnover of 1.214 billion.
Although the unit price is not high, the increase is not small.
“Pay Veterans”: Lakala
Everyone should be familiar with Lakala, which started out as a POS machine.
The company was established in 2005 in Haidian District, Beijing, with a registered capital of 777 million yuan.
The chairman is Sun Taoran.
Lakala has a payment license and can do bank card acquiring, Internet payment, and mobile phone payment services.
The major shareholder is Legend Holdings, holding 31.38% of the shares, and Lei Jun also holds 1.13%.
As a “regular army” in the payment industry, Lakala has obvious advantages in cross-border payment technology accumulation and merchant resources.
Data speak: Performance in the last five trading days
Just looking at it for one day is not enough, let’s look at it over a longer period of time.
The table below shows the stock price performance of these four companies in the past five trading days. The data are all as of April 7.
| Company | Close on April 7 | Increase or decrease on the day | Close on April 3 | Close on April 2 |
|---|---|---|---|---|
| CNPC Capital | 11.53 yuan | +7.76% | 10.70 yuan | 9.92 yuan |
| Cuiwei Shares | 13.16 yuan | +10.03% | 11.96 yuan | 10.87 yuan |
| Eternal Asia | 5.64 yuan | +8.05% | 5.22 yuan | 5.38 yuan |
| Lakala | 18.45 yuan | +5.23% | 17.52 yuan | 17.89 yuan |
As can be seen from the table, in the past few trading days, the four companies have all been rising, but Cuiwei shares have the strongest momentum, rising continuously.
Something practical: What do you think of the potential?
After talking about so much basic information, let’s return to the topic: Who has greater potential?
CNPC Capital’s advantage lies in its strong background, backed by PetroChina, and its natural scenario in cross-border energy settlement.
As the internationalization of the RMB advances, there will be an increasing demand for RMB settlement of energy transactions. This is its fundamentals.
Cuiwei Shares’s advantage lies in its strong determination to transform, from traditional department stores to payment and financial technology. If the transformation is successful, there will be a lot of room for imagination.
Moreover, the stock price is highly elastic and hot money likes it.
Eternal Asia’s advantage lies in its deep foundation in the supply chain. Cross-border payments do not come out of thin air, but are supported by real trade scenarios.
The combination of supply chain finance and payment can form a closed loop.
Lakala’s advantages lie in its comprehensive payment licenses, mature technology, and abundant merchant resources.
It is really in the payment business and has the most experience.
There is also an industry background: the transaction volume of the RMB Cross-border Payment System (CIPS) is at a new high.
Data show that the average daily transaction volume of CIPS in March this year reached 920.5 billion yuan, the highest in the past 12 months. On April 2, the single-day transaction volume rose to 1.22 trillion yuan.
This shows that the entire market is expanding rapidly, and there is plenty of water and plenty of fish.
A few final words
There is no standard answer to investment.
Some people like stability and may be optimistic about CNPC Capital’s central enterprise background; some people like flexibility and may think Cuiwei’s transformation story is sexier; some people value fundamentals and may feel that Eternal Asia and Lakala’s businesses are more solid.
My suggestion is, don’t just look at the concept, but also look at the company’s actual business, financial status, and whether the management is reliable.
I hope the basic information I talked about today can be a reference for everyone.
Remember, the stock market is risky, so investment needs to be cautious.
This article is for information sharing only and does not constitute any investment advice.
Everyone still needs to make independent judgments based on their own risk tolerance.
