consumer finance

Oct

The Cash Loan IPO Story, performed by Qudian, produced by Alibaba (Ant Finance)

Qudian lnc, the Chinese micro lending company, has filed for a U.S. IPO at the NYSE earlier last month. It plans to raise up to USD $750 million in capital to spend on strategic acquisitions, marketing and borrower engagement. In only a few years, Qudian has become an eye catching…

Feb

China Banking Research

Will Consumer Finance be the next fintech focus for China?

Over the past year, China’s Consumer Finance industry has been attracting a significant amount of attention. It may be the next hot spot for financial development in China.

Sep

China Banking Research

Banks are the major players in the consumer finance field in China for now

The Bank of Harbin was granted a license to set up its consumer finance company, Hayin, on September 19th. The bank owns 59% shares of Hayin’s equity with paid-in capital RMB295 million ($44 million). It is another consumer finance license which is issued by the China Banking Regulatory Commission (CBRC)…

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