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, protecting investors' rights,
and maintaining financial and social stability.
Online lending companies that have not been connected with the
Real-time Monitoring System of the National Internet Emergency
Response Center, will be required to exit from online lending
markets. Only for those that have already been connected with the
System, such as Hexindai, regulators will examine and verify their
compliance and rectification progress, it was announced at the
meeting.
"Hexindai has always been supportive of the government's efforts
to strengthen regulation of the online lending industry," said Mr.
Xiaobo An, Hexindai's Founder,
Chairman and Chief Executive Officer. "We will continue to
cooperate with government authorities to ensure our timely
compliance and contribute to the industry's stable and healthy
growth."
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
Email: 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/hexindais-connection-to-real-time-monitoring-system-aids-timely-compliance-300956230.html
SOURCE Hexindai Inc.