Which loan platform is baixin bank?

Baixin bank is not a loan platform. Baixin bank's full name is "CITIC baixin bank Co., Ltd.". It is the first direct selling bank approved as an independent legal person, and an internet bank jointly established by CITIC Bank and Baidu Company. Approved by the China Banking Regulatory Commission, it officially opened on 20171018. If the lender of the loan shows CITIC baixin bank, then the borrowing platform of the loan is baixin bank. Baixin bank's consumer credit product is Haohuihua, with a maximum credit line of 200,000, which can be borrowed or repaid. A loan platform generally refers to a certain loan product, while baixin bank can not only issue loans, but also absorb deposits and handle other financial businesses, which can be said to be essentially different from a loan platform. Of course, there are also loan platforms to cooperate with baixin bank. After the user applies for a loan, the loan record of baixin bank will be displayed in the credit report. When users apply for loans from baixin bank or baixin bank, credit information will be collected at the meeting. Baixin bank's market positioning is "financing for the people and financing for the public". Relying on CITIC Bank's strong product R&D and innovation capabilities, customer management and risk management and control system, as well as Baidu's Internet technology and user traffic resources, it will meet customers' personalized financial needs and build a differentiated direct selling bank with unique market competitiveness. It has launched three core businesses: consumer finance, microfinance and wealth management. On May 22, 2020, China Banking Regulatory Commission announced in official website that CITIC baixin bank Co., Ltd.' s application for capital increase and share expansion and shareholder qualification was approved. After this capital increase, the registered capital of baixin bank will increase to 5.634 billion yuan. On August 15, 2020, baixin bank launched the first digital bank card in China-Baidu Flash Payment Card, which was jointly launched by Baidu, baixin bank and China UnionPay. On June 10 and June 13, 2020, baixin bank released a brand-new credit service brand, Hua Hui, and together with Mahua FunAge, staged the first live comedy product launch conference in the financial circle in Aauto Quicker and Weibo. On April 8th, 20021year, baixin bank released a brand-new smart car finance brand, and launched two products: "Hundred Car Loans" and "Hundred Business Loans".