Yirendai Announcement: Makes Incremental Progress in Facilitating Loan Products With Asset-Backed Security Structure
Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Thursday it has made incremental progress in facilitating consumer loan products with asset-backed security (ABS) structure. This news comes just a couple weeks after the online lender entered into an agreement of intent with the Beijing branch of… Read More
Read more in: Investment Platforms and Marketplaces, Asia | Tagged abs, asset-backed security, china, dennis cong, yirendai