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Chinese Jiangxi Bank passes compliance evaluation by NIFA

Nov 21, 2018 - Banking and Credit News

China-based consumer lending marketplace Hexindai Inc. (NASDAQ: HX) has announced its custodian bank Jiangxi Bank (01916.HK) has passed its compliance evaluation by the National Internet Finance Association of China (NIFA), the company said.

provides borrowers with convenient and ready access to credit through its online marketplace.

As required by government regulations on the peer-to-peer lending (P2P) industry, all online P2P lending platforms in China must have a custodian ba...