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China
May 2013 (13 Years)
Last online: No recent activity
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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
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.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Get to know Rongjinsuo
Company Information
Get to know Rongjinsuo
Founded in May 2013 and headquartered in Shenzhen, Rongjinsuo was an internet finance company operating a major P2P platform in China. The company's primary business was to connect individual investors with borrowers, focusing heavily on vehicle-collateralized loans. At its peak, it was one of the larger P2P platforms in the country. However, the company collapsed during the widespread P2P industry crisis and regulatory crackdown in China that began around 2018, ultimately leading to a police investigation and the complete cessation of its operations.
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