Subprime is not a dirty word in China
Fintech would be meaningless if it were just a plaything for the rich. But its highest mission is to reach the subprime credit population cheaply and safely.
Subprime is not a dirty word in China. Millions of Chinese PSDs (poor, smart and have a desire to become rich) are doing a brilliant job at chasing subprime credit.
Regulators also deserve a pat on the back.
https://asia.nikkei.com/Viewpoints/Joe-Zhang/In-China-subprime-isn-t-a-dirty-word?page=2