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ASSETS FROM THE INVESTOR ASSURANCE PROGRAM (Tables) | 12 Months Ended
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Dec. 31, 2019
Assets [Abstract] |
Summary of movement of assets from investor assurance program | The movement of the assets from the investor assurance program for the year ended December 31, 2018 is as follow:
|  | Opening balance as of January 1, 2018 |  |  | Assets arising from new business |  |  | Subsequent collections during the year |  |  | Additional provisions in the current year |  |  | Ending balance as of December 31, 2018 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Current loan products |  |  | 1,187 |  |  |  | 968,732 |  |  |  | (969,919 | ) |  |  | — |  |  |  | — |
Other online standard loan products |  |  | 218,686 |  |  |  | 373 |  |  |  | (218,806 | ) |  |  | (87 | ) |  |  | 166 |
Offline and non-standard loan products |  |  | 50,403 |  |  |  | 710 |  |  |  | (37,564 | ) |  |  | (8,190 | ) |  |  | 5,359 |
Total |  |  | 270,276 |  |  |  | 969,815 |  |  |  | (1,226,289 | ) |  |  | (8,277 | ) |  |  | 5,525 |
The movement of the assets from the investor assurance program for the year ended December 31, 2019 is as follow:
|  | Opening balance as of January 1, 2019 |  |  | Assets arising from new business |  |  | Subsequent collections during the year |  |  | Additional Provisions in the current year |  |  | Transfer out due to disposal of Shanghai Caiyin |  |  | Ending balance as of December 31, 2019 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Current loan products |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other online standard loan products |  |  | 166 |  |  |  | — |  |  |  | (165 | ) |  |  | — |  |  |  | (1 | ) |  |  | — |
Offline and non-standard loan products |  |  | 5,359 |  |  |  | — |  |  |  | (5,175 | ) |  |  | — |  |  |  | (184 | ) |  |  | — |
Total |  |  | 5,525 |  |  |  | — |  |  |  | (5,340 | ) |  |  | — |  |  |  | (185 | ) |  |  | — |

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- References No definition available. + Details
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