BEIJING,
Oct. 15, 2018
/PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the
"Company"), a fast-growing consumer lending marketplace in
China, today announced it has
completed the submission of its P2P Compliance Self-Inspection
Report to the Beijing Municipal Bureau of Financial Work,
completing one of three key steps for compliance with industry
reforms from the National P2P Rectification Office.
Hexindai is actively supporting and participating in this
compliance process, which aims to foster the stable growth of the
P2P lending industry in China. The
result of this process will be a set of standards and best
practices across the whole industry to protect the interests of
both borrowers and lenders.
Now, Hexindai will focus on the next two steps in the process,
including an inspection conducted by Beijing Internet Finance
Industry Association. This will be followed by verification of
inspection results by the Beijing Municipal Bureau of Financial
Work with field inspection and possible final check by higher level
government organizations.
While most P2P platforms based in Beijing will be inspected on site for
verification by district-level financial bureaus, Hexindai is one
of the few key platforms that will receive field inspection by the
Beijing Municipal Bureau of Financial Work, demonstrating
Hexindai's leading industry position and its contributions to
industry best practices and benchmarks.
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. The Company offers borrowers a wide range of products
designed based on customer segmentation data and tailored to the
specific needs of the emerging middle class in China by matching them with investors seeking
various types of investment products with appropriate risk levels
and risk-adjusted returns. Hexindai's strong online and offline
user acquisition capabilities combined with an online platform with
extensive offline networks, an advanced risk management system, and
strong strategic cooperative relationships with a custodian bank
and an insurance company to safeguard investments, allows the
Company to generate higher customer satisfaction, reliance, and
realize faster growth in China.
For investor inquiries, please contact:
Hexindai
Ms. Daisy Wang
Tel: +86-10-5380-6196
Email: ir@hexindai.com
ICR Inc.
Edmond Lococo,
Tel: +86 10 6583-7510
Email: Edmond.Lococo@icrinc.com
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SOURCE Hexindai Inc.