Chinese peer-to-peer lending platform Dianrong announced on Thursday it has signed a strategic agreement with Dalian Finance Development Bureau and Dalian Finance Industry Investment Group. Dianrong revealed that according to the agreement it will be developing a series of specific projects in partnership with the Dalian government, which includes the following:
Assist the Dalian Finance Development Bureau in creating a fintech cloud platform- Work with Dalian Finance Industry Investment Group to establish an Internet Finance Investment Fund for Dalian
- Develop a supply-chain trading platform in Dalian that utilizes advanced fintech and blockchain capabilities to help more small and medium-sized suppliers secure needed funding
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, notably attended the signing ceremony at Dianrong’s Shanghai headquarters. Speaking about the partnership, Htite added:
“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 Chinaand around the world, as well.”