Lexinfintech Holdings Ltd's Comment on Supply Chain
Commercial factoring enterprises engage in factoring financing, maintenance of sales ledgers, collection of accounts receivable, and provision of non-commercial bad debt guarantees. These enterprises are prohibited from accepting public deposits, borrowing disguised funds, offering loans, and conducting illegal factoring financing activities. Regulatory authorities in Shenzhen oversee the equity management of local financial organizations, including commercial factoring companies, ensuring that shareholder qualifications and capital changes comply with relevant regulations. Additionally, the People's Republic of China government has established regulations governing personal credit reporting businesses, defining credit reporting activities and agencies, and requiring approval from the People's Bank of China for the establishment of credit reporting agencies.
Lexinfintech Holdings Ltd's Comment on Supply Chain
Commercial factoring enterprises engage in factoring financing, maintenance of sales ledgers, collection of accounts receivable, and provision of non-commercial bad debt guarantees. These enterprises are prohibited from accepting public deposits, borrowing disguised funds, offering loans, and conducting illegal factoring financing activities. Regulatory authorities in Shenzhen oversee the equity management of local financial organizations, including commercial factoring companies, ensuring that shareholder qualifications and capital changes comply with relevant regulations. Additionally, the People's Republic of China government has established regulations governing personal credit reporting businesses, defining credit reporting activities and agencies, and requiring approval from the People's Bank of China for the establishment of credit reporting agencies.
Sources:
Lexinfintech Holdings Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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