Hexindai: Regulators' Decision to Include P2P Platforms in Central Bank's Credit System a Positive Step for the Industry
Xiaobai Maimai Inc. - American Depositary Shares (HX)
NASDAQ:AMEX Investor Relations:
ir.hexindai.com
Company Research
Source: PR Newswire
BEIJING, Sept. 10, 2019 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today stated its support for the decision by industry regulators to include the country's P2P platforms in the central bank's credit system.Hexindai views this as a positive move for the P2P industry, which will help protect lenders' interests, control credit risk, build up confidence, and drive the industry's healthy and long-term growth.China's regulators for the internet finance industry issued an official guideline on September 2 that requires P2P lending companies to be connected to the Credit Reference Center at the People's Bank of China (PBOC) and Baihang Credit, China's licensed personal credit agency established by the National Internet Finance Association of China. With the inclusion of P2P platforms in the country's credit system, the information of online lending defaulters will be added and reflected in their personal cre
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