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    Patricia Cheng

    Research Analyst at CLSA

    Patricia Cheng is a Research Analyst at CLSA, recognized for her expertise in financial sector research with a particular focus on Chinese fintech and consumer finance companies. She has notably covered firms such as Hexindai, providing detailed analysis on trends in borrower underwriting criteria and loan performance. Cheng began her analyst career prior to joining CLSA, where she became known for her diligent sector coverage and insightful client inquiries, though publicly reported metrics such as ranking or investment return percentages remain limited. Her professional credentials and securities registrations have not been disclosed in accessible public sources.

    Patricia Cheng's questions to HX leadership

    Patricia Cheng's questions to HX leadership • Q2 2019

    Question

    Patricia Cheng from CLSA inquired about changes to Hexindai's borrower underwriting criteria, loan approval rates, and delinquency trends amid the industry cleanup. She also asked about the investor profile, noting that total investment dropped less than loan facilitation.

    Answer

    CFO Qisen Zhang explained that the company has shifted its strategy to facilitate more high-quality borrowers, leading to a lower approval rate but also a decrease in past-due rates. He affirmed that the aggregate default rate remains within expectations. The question regarding the investor profile was not addressed before the operator moved to the next caller.

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