BEIJING, Dec. 13, 2017 /PRNewswire/ -- Yirendai Ltd.
(NYSE: YRD) ("Yirendai" or the "Company"), a leading fintech
company in China, announced today that it has made a strategic
investment in Lion Rock, a
comprehensive financial services platform that is focused on global
asset allocation, through Lion
Rock's Series A financing of HK$50
million.
Lion Rock is headquartered in
Hong Kong and offers a
wide-variety of high-quality financial products, financial news,
robo-advisory services as well as asset allocation services through
its online platform. Lion Rock aims
to provide economic, safe, fast, convenient, superior and
personalized professional financial services to Hong Kong, mainland China and global investors.
Lion Rock is licensed by the Hong
Kong Securities and Futures Commission to carry out regulated
activities including Type 1: Dealing in Securities, Type 4:
Advising on Securities and Type 9: Asset Management under the
Securities and Futures Ordinance of Hong
Kong. Lion Rock has two
wholly-owned subsidiaries: iFund and Lionfin. iFund is Hong Kong's largest self-service online fund
trading platform and carries over 1,000 funds from over 50
different Hong Kong and
international asset management companies. Lionfin is an information
platform that provides timely global financial news as well as
comprehensive information on wealth management products to
investors.
"We are very pleased to be Lion
Rock's strategic investor," commented Ms. Yihan Fang, Chief Executive Officer of Yirendai.
"As a leading fintech company in China, our Yiren Wealth platform is committed
to providing quality online wealth management services to the mass
affluent population in China.
Yiren Wealth and Lion Rock will
create synergies in multiple areas, including providing richer
wealth management assets to our customers as well as cross-regional
and cross-products asset allocation services."
Dr. Maofeng Chen, Executive Chairman of Lion Rock's Board of Directors commented "We are
very honored to have won a strategic investment from Yirendai. In
the future, Lion Rock will partner
with Yirendai and leverage our respective strengths in product,
technology, resources, operations and personnel to build a leading
fintech services platform in Asia,
to better serve investors in Hong
Kong, mainland China as
well as around the world."
About Yirendai
Yirendai Ltd. (NYSE: YRD) is a leading fintech company
in China connecting investors and individual borrowers.
The Company provides an effective solution to address largely
underserved investor and individual borrower demand
in China through an online platform that automates key
aspects of its operations to efficiently match borrowers with
investors and execute loan transactions. Yirendai deploys a
proprietary risk management system, which enables the Company to
effectively assess the creditworthiness of borrowers, appropriately
price the risks associated with borrowers, and offer quality loan
investment opportunities to investors. Yirendai's online
marketplace provides borrowers with quick and convenient access to
consumer credit at competitive prices and investors with easy and
quick access to an alternative asset class with attractive returns.
For more information, please
visit yirendai.investorroom.com.
For investor and media inquiries, please
contact:
Yirendai
Hui (Matthew)
Li
Director of Investor Relations
Email: ir@yirendai.com
M: +86-186-184-36858
View original
content:http://www.prnewswire.com/news-releases/yirendai-announces-strategic-investment-in-lion-rock-300571245.html
SOURCE Yirendai Ltd.