European Union Chamber of Commerce in China
Consumer Finance & NBFI Working Group (Beijing & Shanghai)
Event: Working Group meeting
Date: Tuesday 21st February 2012, 0830-1000
Venue: European Chamber offices Beijing (C411A, Beijing Lufthansa Center, 50 Liangmaqiao Road, Chaoyang District)
Venue: European Chamber offices Shanghai (Unit 2204, Shui On Plaza, 333 Huai Hai Zhong Lu, near Madang Lu)
This is a reminder. Please ignore if you already have responded.
Dear Working Group member,
We are pleased to invite you to the next meeting of the Consumer Finance & Non-Banking Financial Institutions Working Group which will take place on Tuesday 21st February, starting at 8.30am jointly in both the European Chamber offices in Beijing and Shanghai.
At this meeting we will have a presentation from Mr. Ning Tang, founder and CEO Credit Ease which will give a presentation on Alternative and Peer to Peer Lending in China.
Mr. Tang Ning, Founder and CEO of the microfinance consulting service company Credit Ease, will offer valuable information about this relatively new type of business venture for China. Established in 2006, Credit Ease is the first company in China to provide a person-to-person (P2P) credit platform for customers. Credit Ease has successfully used the advanced micro financing model to provide easy access to credit within China. The company has helped over 30,000 borrowers obtain loans throughout China. Individuals can invest 100,000 RMB at annual interest rates ranging from 7 to 10%, depending on the length of the loan term. The company also has a microfinance lending platform, where individuals can lend as little as 100 RMB at interest rates of 2% per year to poor people in China.
Agenda
1. ‘Alternative and Peer to Peer Lending in China’ – Mr. Ning Tang Loaec, Credit Ease
2. Debrief of Working Group involvement in recent European Chamber lobbying meetings
3. Discussion Position Paper 2012/13
4. Any other business and forward agenda
If you would like to attend please send notification to Ms. Handan Xiao (hdxiao@europeanchamber.com.cn), indicating whether you will be attending in Beijing or Shanghai.
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For more information on the Consumer Finance & NBFI Working Group, or the European Chamber in general, please contact Xavier Sans Powell in Beijing, xsanspowell@europeanchamber.com.cn or Tony Robinson in Shanghai, trobinson@europeanchamber.com.cn.