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.