- Projects to include Fintech Cloud for Small Business, Internet Finance Investment Fund & Supply-Chain Trading Platform
SHANGHAI, Jan. 11, 2018 /PRNewswire/ -- Dianrong and the Dalian Finance Development Bureau and Dalian Finance Industry Investment Group (DFIIG) recently signed a strategic cooperation agreement to drive financial innovation in Dalian and across China. According to the agreement, Dianrong will develop a series of specific projects in partnership with the Dalian government, including:
Hong Dengjin, the Vice Mayor of Dalian; Zhang Bing, the Director of Dalian Finance Development Bureau; Liu Liyan, Executive Deputy General Manager of DFIIG; Soul Htite, Executive Chairman of Dianrong; and Long Hsiang Loh, CEO of Dianrong attended the signing ceremony in Dianrong's Shanghai headquarters.
The Dalian government officials noted that The State Council implemented guiding principles to promote greater Dalian and Shanghai collaboration with the hope that Dalian will benefit from Shanghai's extensive financial services and fintech experience. For example, Dianrong's advanced fintech and risk management capabilities can be leveraged by Dalian to enhance the capability of the traditional financial institutions and therefore strengthen the SME sector in the region.
Dalian government officials also indicated that this strategic cooperation agreement between Dianrong and Dalian Finance Development Bureau reflects the government's strong support for fintech overall as a means to drive financial and business innovation in the region.
Mr. Htite said, "Fintech, which combines the power of finance and technology, delivers value to both the public and private sectors, including small businesses and local governments. That is why at Dianrong, we never stop pushing the boundaries of fintech's potential. And our cooperation agreement with the Dalian government and DFIIG is an important next step in the China fintech story. Our success together will benefit not only Dalian, but other cities in China and around the world, as well."
Dianrong, a leader in online marketplace lending in China, originates US$500 million in monthly assets for 4 million retail lenders. Founded in 2012, Dianrong offers small and medium-sized enterprises and individuals a comprehensive, one-stop financial platform supported by industry-leading technology, compliance and transparency. The company's sophisticated and flexible infrastructure enables it to design and customize lending and borrowing products and services, based on industry-specific data and insights, all supported by online risk-management and operation tools. Dianrong's specific offerings include marketplace lending-related services and fintech solutions. The company was named in 2016 to the executive directorship of the National Internet Finance Association of China, led by the People's Bank of China. Dianrong is headquartered in Shanghai. For more information, please visit www.dianrong.com/en.
About Dalian Finance Industry Investment Group
The Dalian Finance Industry Investment Group (DFIIG) is a multi-sector, regional and integrated financial business co-founded by ORIX Group, an internationally renowned financial institution, Dalian Anywide Holdings Co., Ltd., Dalian Construction Investment Group Co., Ltd., and Dalian Rongda Investment Co., Ltd. Committed to building the financial industry as its core business, DFIIG's business covers banking, insurance, investment funds, asset management and financial services.