Detailed explanation of Yixin company
CreditEase was established in 2006 and is headquartered in Beijing. CreditEase is a financial technology enterprise engaged in inclusive finance and wealth management, actively deploying in frontier fields such as payment, online lending, crowdfunding, robot investment, smart insurance and blockchain, and participating in global financial technology innovation through business incubation and industrial investment. Since its establishment eleven years ago, it has always adhered to innovative ideas, innovative models and innovative technologies to serve China's high-growth population, the mass affluent class and high-net-worth people, and truly do a better job in finance.
Detailed explanation of bank depository
In order to fully protect the interests of lenders and make the platform information more open and transparent, Hengcheng Technology Development (Beijing) Co., Ltd. (hereinafter referred to as "Pleasant Loan") opened a special account for quality assurance service in the bank and deposited funds. The bank will issue a monthly deposit report on the actual inflow and outflow of funds from the special account for quality assurance services. The special fund for quality assurance service is 7% of the borrower's contract amount corresponding to the lender who chooses quality assurance service on Pleasant Loan Platform, and the platform will deposit it in installments according to the platform income cash flow during the loan duration.
Reference: CreditEase official website-Web link of depository report 20 18- 1-28.