To: Business Editor/ Reporter [For immediate release]
Date: 2 February, 2015
Credit China Records Dramatic Rise in
Transaction Amount of Internet Financial Business
P2P Lending and Third Party Payment Transactions
Maintain Rapid Growth Momentum
(2 February 2015, Hong Kong) Credit China Holdings Limited ("Credit China" or the "Company"; together with its subsidiaries, the "Group", stock code: 8207) announced unaudited operating statistics of the Group's P2P lending consultancy business and online third party payment business, for the 12 months ended 31 December 2014 (the "Period").
During the Period, the transaction value of the Group's internet housing loan referral and consultancy services amounted to RMB2.016 billion, approximately 72% higher than RMB1.174 billion in the first nine months, whereas transaction value of automobile financing products and financial advisory services amounted to RMB327 million, approximately 58% higher than RMB207 million in the first nine months. The transaction amount of third party payment service amounted to RMB18 billion, a 170% increase over the first nine months, whereas the number of transactions reached 1.8 million, increased more than four times over the first nine months.
Mr. Phang Yew Kiat, Vice-Chairman and Chief Executive Officer of Credit China, stated, "The Group will continue to develop internet finance business in a proactive way in 2015. Third party payment business delivered outstanding results. Its transaction value ended January this year reached RMB4.45 billion, surpassing its overall transaction amount in the first half of last year. P2P transaction amount of automobile and housing loans in January exceeded RMB500 million, reflecting an enormous potential growth in the online financial sector. The Group has acquired two P2P platforms recently, including the entire right of Financial Workshop (9888.cn) and 10% of the shares of First P2P (firstp2p.com), further expanding its market share and becoming one of the leading internet financing service providers in China."
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About Credit China Holdings Limited (Stock code: 8207)
China Credit Holdings Limited listed on the Stock Exchange of Hong Kong in November 2010. It is also a leading integrated internet financing service provider targeting SMEs. Credit China provides comprehensive, fast and convenient short-term loans and financing solutions to SMEs and individuals. The major financing service areas are: 1) P2P Housing Loans; 2) P2P Automobile Loans; 3) Online Third Party Payment; 4) Real Estate Collateralized Loan; 5) Microfinance and 6) Financial Leasing. Kindly subscribe to Credit China's HK wechat account to keep abreast of regular updates on the Group's business development.
Company website：www.creditchina.hk
Credit China's HK wechat account: creditchina8207
This press release is released by PR ASIA Consultants Limited, on behalf of Credit China Holdings Limited.
For more information or enquiries, please contact:
Lorraine Lam / Winnie Chan / Sam Choi
Tel: (852) 3183 0230 / 3183 0257 / 3183 0242
E-mail: lorraine.lam@prasia.net / winne.chan@prasia.net / tf.choi@prasia.net
