Date
18 October 2017

Internet finance will improve credit collection, Xinhua says

Internet finance will help lenders get the latest borrower information and improve credit collection, Xinhua news agency reported Saturday, citing Xuan Xinfeng, an official of the People’s Bank of China. They will be able to make more accurate credit assessment using borrowers’ e-commerce transactions, helping them build a comprehensive database. That would help them streamline their lending operations from application to the release of funds and collection, the report said.   

– Contact HKEJ at digest@ejinsight.com

KZ/AC/RA

 

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