BEIJING, Oct.
16, 2018 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX)
("Hexindai" or the "Company"), a fast-growing consumer lending
marketplace in China, announced
that it has reached an agreement with Shell Energy (China) Limited, a subsidiary of Royal Dutch Shell in China, to support liquidity and market
developments of China's national
emissions trading scheme (ETS). The cooperation demonstrates
Hexindai's commitment to contribute to environmental
protection.
Under the agreement, Hexindai will provide price hedging for a
substantial volume of National Carbon Allowances (NCA) for three
years, to begin when the cement sector is enrolled in China's national emissions trading scheme
(ETS) and the Chinese carbon offsets, such as Chinese Certified
Emission Reduction (CCER), can be used for compliance purposes. NCA
is a unit equal to one ton of Carbon Dioxide Equivalent.
Under such carbon emissions trading schemes, polluting companies
have emissions quotas and they can trade carbon credits to meet the
imposed quotas. Cleaner companies are rewarded by selling such
credits to companies that exceed their quotas.
The Chinese government announced at the end of 2017 plans to
establish a nationwide emissions trading scheme (ETS). The scheme
will initially cover the power industry, and be expanded to cover
seven other sectors, including petrochemicals, chemicals, cement
and other building materials, and iron and steel.
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.