BEIJING, URUMQI, China and
HANGZHOU, China, July 15, 2019 /PRNewswire/ -- China Lending
Corporation ("China Lending" or the "Company") (NASDAQ: CLDC), a
non-bank financial corporation servicing micro, small and medium
sized enterprises in China, today
announced that it has entered into a five-year strategic
partnership agreement with Rui Xin Insurance Technology
(Ningbo) Co., Ltd ("Rui Xin"), a financial technology company
providing comprehensive insurance solutions. Through the
partnership, each party expects to jointly grow their businesses
and help each other to expand their customer base by leveraging
each other's unique and complementary strength as well as resource
in financial technology, the consumer finance market and the
insurance industry.
China Lending will work with Rui
Xin to develop its own consumer financial platform. In
collaboration with Rui Xin and its
partners, the Company expects to provide value-added consumer
financial services to insurance consumers of Rui Xin and its partners. Benefiting from the
anticipated size of the business and the good credit record of
insurance consumers, China Lending will improve its asset quality
and maintain sustainable business growth through the partnership.
In addition, China Lending and Rui
Xin will also explore collaboration opportunities in areas
such as insurance consumer acquisition, development of insurance
products, expansion of insurance business, and customization of
consumer financial solutions.
Moreover, China Lending will benefit from Rui Xin and its partners' advanced technological
capabilities in big data and artificial intelligence to improve its
risk management and enhance its customer experience.
Through this partnership, Rui Xin
will be able to explore new business opportunities and increase its
competency to eventually expand its customer base in the insurance
industry by benefiting from China Lending's financial service
expertise, bank credit facility resource, and client base in
certain regional markets.
Ms. Jingping Li, co-founder and
chief executive officer of China Lending, commented, "Our entering
into the partnership conforms with our long-term goal of providing
individuals and enterprises in China with our quality financial service
products. We will continue to improve our operating efficiencies,
diversify our product offerings, and strengthen our collaborations
with partners in different segments. Through our partnership with
Rui Xin, we will develop a customer
base for consumer financial services and serve customers with
long-term financing needs. We will also benefit from assisting
Rui Xin and its partners with the
expansion of insurance business. Rui
Xin and its partners' capabilities and experience in
applying advanced financial technologies will enhance our risk
management capability and help us to achieve innovations of
financial products to better satisfy diversified customer
demands."
"We are excited to collaborate with China Lending. We believe
the partnership will create synergies for both parties in
technological and commercial areas. Going forward, we will continue
to promote the integration of our resources, explore potential
business opportunities, and expand our customer bases to boost the
business growth of both parties," said Mr. Yanliang Zhuang, vice president of Rui Xin.
About China Lending Corporation
Founded in 2009, China Lending is a non-bank financial
corporation and provides comprehensive financial services to micro,
small and medium sized enterprises, and individuals. China Lending
has headquarters in Urumqi, the capital of Xinjiang Autonomous
Region, and Hangzhou, the capital
of Zhejiang province. For more
information, please visit: www.chinalending.com.
About Rui Xin Insurance Technology (Ningbo) Co., Ltd
Rui Xin is a financial technology
company specializing in providing application solutions for
insurance service institutions and customers in the insurance
industry. Rui Xin is mainly engaged in insurance product
R&D and design, management and operation of insurance customer
data, provision of integrated solutions for insurance and
healthcare, as well as the development and operation of an online
insurance transaction service platform. Rui
Xin's subsidiaries and strategic partners have offices in
more than 90 areas throughout China and more than 3,000 registered insurance
service personnel.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among others, the consummation of the proposed partnership, and can
be identified by terminology such as "may," "will," "expect,"
"anticipate," "aim," "estimate," "intend," "plan," "believe,"
"potential," "continue," "is/are likely to" or other similar
expressions. Such statements are based upon management's current
expectations of the consummation of the proposed partnership, and
relate to events that involve known or unknown risks, uncertainties
and other factors, all of which are difficult to predict and many
of which are beyond the Company's control. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
IR Contact:
At the Company:
Katrina Wu
Email: wuxiaoqing@chinalending.com
Phone: +86-991-316-9617
Investor Relations:
Robin
Yang
ICR
Email: Robin.Yang@icrinc.com
Phone: +86 158-8929-2733
View original
content:http://www.prnewswire.com/news-releases/china-lending-forges-strategic-partnership-with-rui-xin-insurance-technology-to-develop-online-financial-services-platform-300884622.html
SOURCE China Lending Corporation