Ping An Consumer Finance is a loan business launched by Ping An in China, which is guaranteed by insurance companies. Ping An Bank is a reputable bank in China. It was established with the approval of the China Banking and Insurance Regulatory Commission and supervised by the Securities and Futures Commission. Loans need to be audited by insurance companies, and only borrowers with certain repayment ability can handle them. Ping An Consumer Finance is a formal and legal loan business.