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Stock impact report

Hexindai Completes Key Step in Compliance Process

Xiaobai Maimai Inc. - American Depositary Shares (HX) 
NASDAQ:AMEX Investor Relations: ir.hexindai.com
Company Research Source: GlobeNewswire
BEIJING, June 13, 2019 (GLOBE NEWSWIRE) -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today announced that it completed a key regulatory compliance milestone as the Beijing Local Financial Supervision and Administration (formerly the Beijing Municipal Bureau of Financial Work) concluded its field inspection work of the company. “This is a critical step toward filing for registration with authorities,” said Mr. Xiaobo An, Hexindai's Founder, Chairman and Chief Executive Officer. “We are working hard to complete this compliance process and prepare for registration, which aims to ensure the stable and healthy growth of the industry and to protect the interests of both borrowers and lenders.” The National P2P Rectification Office issued a notice for regulatory compliance inspection in August 2018 and laid out detailed criteria for self-examination and correction by P2P platforms. Completing the compliance inspection Show less Read more
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