Hexindai (NASDAQ:HX), a China based peer to peer lender, announced on Monday the launch of its new nationwide Investor Education Seminar to introduce current and prospective investors to its business and educate them on its risk management systems, development strategy and insurance policies among other topics. While sharing details about the seminar, Xinming Zhou, Chief Executive Officer of Hexindai, stated:
“We launched our Investor Education Seminar to meet current and prospective investors and to better understand the kinds of investments, services and expectations they have of our platform. During the seminar, investors will also gain a better understanding of our business, future development strategy, risk management systems as well as get to know our senior management team. I am confident that these seminars will help increase trust in our platform and attract more investors to our platform.”
Founded in 2014, Hexindai is described as a fast-growing consumer lender that services the emerging middle class in China. A typical borrower seeks between RMB20 – 140,000 for personal uses such as home improvement, education or larger personal purchase. The typical duration of a loan is 3 years and is paid in monthly installments of both Interest and principle. In three years, total loan originations have topped RMB 9.7 billion ($1.46 billion).
Hexindai added it held its first two Investor Education Seminars in Shenzhen and Shanghai in January 2018 for current and prospective investors to attend. Hexindai will hold 24 seminars across China throughout 2018.