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China announced today that it will set up a global asset investment platform in Hong Kong to help Asian investors invest in global assets, including US consumer credit, and is expected to be officially launched at the end of the second quarter.
The company's press release said the platform uses a number of net loan platform one-stop login and custom model for Asian investors to provide a complete set of investment in US consumer lending assets, a complete solution. It also uses advanced risk modeling capabilities, credit enhancement and block chain technology to ensure the integrity of the transmitted data.
"Consumer borrowing, especially in the US, has a low performance and long-term risk forecast, but nowadays, Asian investors are not exposed to this attractive asset class due to inadequate infrastructure." And chief executive officer Su Hyde said.
According to the company sources, the platform will be for overseas Chinese investors or overseas investors, do not involve domestic RMB funds cross-border flow.
The current point is with the partners, well-known bankers in Hong Kong Wu Yuyu together on the financial technology platform for testing. The platform uses the current maturity in the country to make more mature technology, that is, the lending is extremely fragmented, and in line with the financing standards of investors in the financing needs of real-time match, so that they get a variety of risk benefits, different flexibility in investment opportunities.
Wu has served as head of Citibank Asia and Europe, Middle East and Africa (EMEA), with nearly 20 years of experience in financial services and consumer lending.
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