According to Sina Financial News, November 1, the 2019 Small and Medium Banks Development Summit Forum was held in Nanjing today. Zhang Jun, founder and co-CEO of Patco Loan, attended and delivered a keynote speech.

In his speech, Zhang Jun said, “We have nothing to do with P2P anymore. There are no individual investors in the new transactions; all transactions come from financial institutions and partners. There are still some P2P balances, but there are no new P2P transactions. Auctions is transforming into a loan aid agency.”