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Stock impact report

Hexindai's Connection to Real-time Monitoring System Aids Timely Compliance

Xiaobai Maimai Inc. - American Depositary Shares (HX) 
NASDAQ:AMEX Investor Relations: ir.hexindai.com
Company Research Source: PR Newswire
BEIJING, Nov. 12, 2019 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, has been aided in its timely compliance and cooperation with industry regulators for its P2P business by its connection to the Real-time Monitoring System of the National Internet Emergency Response Center.As part of its commitment to ensure and support the industry's steady and healthy development, Hexindai was connected to the Real-time Monitoring System of the National Internet Emergency Response Center in November 2018. That connection positions the company to better and timely comply with government regulations. A meeting earlier this month by the On­line Fi­nan­cial Risk Spe­cial Rec­ti­fi­ca­tion Work Lead­er­ship and the On­line Risk Spe­cial Rec­ti­fi­ca­tion Work Lead­er­ship Team set priorities for the next stage of industry rectification, including reducing financial risk, helping companies exit or transform their businesses Show less Read more
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