Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

JD Finance, P2P Online Lender Meili Finance Issue RMB 479 Mln in Used Car ABSes

iYiou, 8/01/17

P2P online lending platform Meili Finance and Chinese B2C e-commerce platform's (Nasdaq: JD) online financing and retail investment platform JD Finance have partnered to issue RMB 479 mln in used car asset-backed securities (ABS) on the OTC market. There are a total of 7,425 assets in the asset pool, all of which are Meili Finance used-car financial assets. The trustee of underlying assets is Zheshang Jinhui Trust.

Last week Meili Finance also issued RMB 189 mln in publicly offered ABS comprised of various used car automobile-related assets, bringing the total value of Meili Finance's two ABS products to over RMB 668 mln.

Meili Finance subsidiary Meili Auto Finance is an online automobile consumer loan provider. Since September 2014, Meili Auto Finance has been specializing in used car finance covering 30 provinces nationwide and 270 cities, and has issued over RMB 10 bln in loans to date.

Keywords: Internet automobile P2P second-hand JD online lending JD Finance Meili Finance Meili Auto Finance


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports