Ping An Rongyi is a leading retail credit and enablement platform in China that connects borrowers—primarily small business owners and individual consumers—with institutional funding partners through technology-driven mobile applications. The company generates revenue through multiple channels including service fees charged to borrowers for loan origination and risk assessment, origination fees from funding partners, interest income on loans where the company bears credit risk, and fees from financing guarantee services provided through its licensed subsidiary. The business has evolved toward greater direct credit risk assumption, with the company's financing guarantee subsidiary increasingly guaranteeing new loan transactions to reduce reliance on third-party credit enhancement, while also offering wealth management and other fintech solutions to institutional clients and partners.