Haoyou Loan signed a risk deposit custody agreement with China Merchants Bank on May 26, 20 14, and disclosed the account information. The public can directly check the account balance and details with China Merchants Bank by telephone. Friend loan is the first advance payment mechanism in P2P industry. Once loans overdue, Haoyou Loan immediately starts the advance payment procedure, and uses the limited funds in the risk guarantee account to advance the outstanding principal and interest of the borrower.
On July 5, 20 14, Qinshang Optoelectronics, a listed company of Shenzhen Stock Exchange, injected capital into Haoyou Lending Platform. After the capital increase, the company's capital is 654.38+02.85 million yuan. Affected by this good news, Qinshang Optoelectronics Co., Ltd. had a daily limit.
Under the guidance and support of the national legal framework and relevant policies, Friends Lending Platform has conducted in-depth research and investigation on P2P models at home and abroad for as long as 10 month, fully drawing lessons from many Internet microfinance enterprises such as CapitalOne and LendingClub in the United States, and combining with the development of domestic credit level, it has established a practical and reliable risk assessment system to provide full investment and financing management services for lending customers at both ends of the platform.