CGC Express

• CreditEase, one of our portfolio, will participate in 2010 CAM Annual Conference & China Microfinance Summit. President of the company, Ning Tang, will be a keynote speaker to present Current Development Situation of P2P (Person to Person). Microfinance pioneers from all over the world will come together to share experience, in order to accelerate development of the whole industry. For more information, please refer to China Association of Microfinance.
• Yinongdai(宜农贷), CreditEase’s non-profit project to help rural areas, will hold a road show in Social Innovation Forum 2010 next week. The Forum, sponsored by Social Innovation Carnival, Youcheng Social Entrepreneur Foundation and NPI, will be from 15th to 18th of September, 2010 in Shanghai.

More on CreditEase: CreditEase is China’s first and now the biggest P2P (person-to-person) microcredit platform. Backed by KPCB China, it has built up a service network covering more than 20 cities all over the country and has enabled tens of thousands of micro-entrepreneurs, students and parents, salary workers and extremely poor rural females to gain access to credit.

On this innovative platform, people with extra funds (lenders) lend to people with funding needs (borrowers), all based on credit. It is essentially a credit-oriented wealth management service provider for both the rich and poor group.

Currently CreditEase is seeking cooperation with trust companies to provide better product offerings. Anyone who is interested, please feel free to contact fanshunkong@creditease.cn. Thank you.