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 credit reports.
"To include P2P platforms in the central bank's credit system is
a significant progress to improve the development of China's credit system," said Mr. Xiaobo An, Hexindai's Founder, Chairman and
Chief Executive Officer. "Hexindai welcomes the regulators'
decision and will continue to make efforts to curb malicious
defaults, protect lenders' interests, and contribute to a compliant
and transparent ecosystem for the industry."
Hexindai has been taking timely actions to meet compliance
requirements and protect investors' interests. In January this
year, Hexindai was one of the first P2P platforms in the country to
connect its data with Baihang Credit. As a member of the Beijing
Internet Finance Industry Association, Hexindai and 26 other
companies issued a joint statement in August
2018, and committed to contributing to the credit system's
development, protection of lenders' rights and the maintenance of
market order.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the
increasing consumption demand of the emerging middle class in
China. Hexindai provides borrowers
with convenient and ready access to credit through its online
marketplace as well as its cooperation with institutional
investors. Hexindai's strong user acquisition capabilities combined
with its cooperation with institutional investors and an online
platform with extensive offline networks, an advanced risk
management system, and strong strategic cooperative relationships
with a custodian bank and a guarantee company to safeguard
investments, allows the Company to generate higher customer
satisfaction, reliance, and realize fast growth in China.
For more information, please visit http://ir.hexindai.com/
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals and strategies; its future business
development, financial condition and results of operations; the
expected growth of the credit industry, and marketplace lending in
particular, in China; the demand
for and market acceptance of its marketplace's products and
services; its ability to attract and retain borrowers and investors
on its marketplace; its relationships with its strategic
cooperation partners; competition in its industry; and relevant
government policies and regulations relating to the corporate
structure, business and industry. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the SEC. All information provided in this
announcement is current as of the date of this announcement, and
the Company does not undertake any obligation to update such
information, except as required under applicable law.
For inquiries, please contact:
Hexindai
Ms. Daisy Wang
Tel: +86-10-5380-6196
Email: ir@hexindai.com
ICR Inc.
Jeff Pei
Tel: +86 10 6583-7514
Email: Jianfeng.pei@icrinc.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
View original
content:http://www.prnewswire.com/news-releases/hexindai-regulators-decision-to-include-p2p-platforms-in-central-banks-credit-system-a-positive-step-for-the-industry-300914895.html
SOURCE Hexindai Inc.