Chief executive of Chinese e-commerce giant Tencent Holdings, Pony Ma. (Photo : Reuters)
The theme of the Internet financing summit that was held by the Yucheng Group on Feb. 7, 2015, incorporated the slowed-down period that the Chinese economy is undergoing, which was given its name by President Xi Jinping in May of last year.
The "Financial Leasing under 'New Normal' Economy" summit also included the staging of the group's annual meeting and involved the Council of Huishang. The event was jointly sponsored by the China Trade Promotion and Exchange Center and Anhui Daily Press Group.
The gathering was an opportunity for the Yucheng Group to display its capacity to be an emerging force in China's Internet financing sector.
The financial leasing corporation, which uses high-tech manufacturing services and holds assets worth more than 10 billion yuan ($1.598 billion), was responsible for launching the Ezubao asset-to-peer (A2P) financial leasing platform, now a leader in the industry, in the Chinese market.
Ezubao is expected to integrate traditional financial leasing with Internet leasing, which is distinct from peer-to-peer (P2P) platforms, as it entitles the lessees with more rights.
Famous economist Wen Yuankai was joined by other financial-sector experts in a round-table discussion at the summit, with Ezubao recognized by all of the experts for its ability to create a new model of diversified financial risk control. The round-table participants stated that Internet financing should support the development of real economy.
The Yucheng Group's vice president hopes that the summit will be the start of a process to create sustainable development in the Internet financing sector.
Meanwhile, news emerged on Tuesday that a financial services affiliate of Alibaba Group is in the final stages of securing a deal with private-equity firm Primavera Capital Group, among other investors.
