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What online lending platform is CITIC Consumer Finance Co., Ltd.?
It is not an online lending platform, but a licensed consumer finance company.
CITIC Consumer Finance was established by three shareholders, namely China CITIC Co., Ltd., CITIC Trust Co., Ltd. and Kingdee Software Co., Ltd., and its main products are credit loans and term loans. CITIC Consumer Finance has a wider business scope, which can not only lend money for its own loans, but also lend money for other cooperative lending platforms.
CITIC Consumer Finance Co., Ltd. is the 24th licensed consumer finance institution in China approved by China Banking and Insurance Regulatory Commission. It was officially approved to start business in June 2009 with a registered capital of 700 million yuan. Established by China CITIC Co., Ltd., CITIC Trust Co., Ltd. and Kingdee Software (China) Co., Ltd.
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