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China
2014 (12 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Meili Jinrong
Company Information
Get to know Meili Jinrong
Meili Jinrong, also known as Meili Finance, was the financial services arm of its parent company, Meili Auto Holdings Limited. Launched in 2014, the company established itself as a major player in China's burgeoning fintech scene by focusing on the underserved market of used car loans. It operated a vast network of over 75,000 partner dealers across 30 provinces in China, connecting consumers with funding partners to facilitate vehicle financing. In October 2019, the parent company filed for a U.S. IPO, but the process was abruptly halted in November 2019 following a widespread police investigation into its lending and collection practices, which led to the company's eventual collapse and cessation of operations.
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