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A Bear’s Perspective on Yirendai and Leaked Emails
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A Bear’s Perspective on Yirendai and Leaked Emails

A Bear’s Perspective on Yirendai and Leaked Emails

Fintech Nexus Staff·
Asia/PacNews RoundupOnline Lending
·Feb. 1, 2017·1 min read

In an opinion article, one investor shares emails that have been leaked at Chinese marketplace lender Yirendai (NYSE: YRD); leaked emails show the company’s chairman requiring parent company employees at CreditEase to invest in a fund to purchase undisclosed US equities; the author states the fund is likely purchasing shares of YRD and presents his case for shorting the stock; the stock recently saw volatility following China’s new regulatory guidance for P2P lenders.  Source

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