Fincera Responds to Business Disruptions Caused by Local Government, Announces Intention to Sell Kaiyuan Finance Center

Aug 14, 2019

SHIJIAZHUANG, CHINA / ACCESSWIRE / August 14, 2019 / Fincera Inc. (“Fincera” or the “Company”) (OTCQB:YUANF), a leading provider of internet-based financing and ecommerce services for small and medium-sized businesses (“SMBs”) and individuals in China, today announced that businesses operating within the P2P (peer-to-peer) lending industry in Hebei province, including the Company, have received requests by the Hebei provincial government to cease P2P business operations. The Company vehemently disagrees with the request and is taking steps to protect its many stakeholders, including initiating the process of moving its business registration to Beijing where local regulators are supportive of the P2P industry.

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