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RELATED PARTY BALANCES AND TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2016
RELATED PARTY BALANCES AND TRANSACTIONS |
Schedule of cost and expense from CreditEase |
|  | For the year ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |
Collection service |  | 333 |  | 3,377 |  | 11,895 |
Acquisition and referral service |  | 75,969 |  | 405,085 |  | 818,678 |
System support service |  | 10,440 |  | 26,102 |  | 72,023 |
Credit assessment service |  | 12,217 |  | 7,366 |  | 9,140 |
Total cost and expense |  | 98,959 |  | 441,930 |  | 911,736 |
Schedule of major related parties and their relationship with the Group |
Company name |  | Relationship with the Group |  | Major transaction with the Group |
CreditEase Huimin Investment Management (Beijing) Co., Ltd. (“CreditEase Huimin”) |  | Consolidated VIE of CreditEase |  | Receipts on behalf of the Group for transaction fees and service fees through external payment network |
Tian Da Xin An |  | Subsidiary of consolidated VIE of CreditEase |  | Guarantee services |
Pucheng Credit Assessment and Management (Beijing) Co., Ltd. (“Pucheng Credit”) |  | Consolidated VIE of CreditEase |  | Credit assessment and collection services |
CreditEase Puhui |  | Consolidated VIE of CreditEase |  | Borrower acquisition and referral services to/from the Group |
Puxin Hengye Technology Development (Beijing) Co., Ltd. (“Puxin Hengye”) |  | Subsidiary of CreditEase |  | System support services |
CreditEase Zhuoyue Wealth Investment & Management (Beijing) Co., Ltd. (“CreditEase Zhuoyue”) |  | Consolidated VIE of CreditEase |  | Investor acquisition and referral services |
Beijing Zhicheng Credit Service Co., Ltd. (“Beijing Zhicheng”) |  | Consolidated VIE of CreditEase |  | Identity verification services |
CreditEase |  | Parent Company |  | Paid in capital and loan |
Hainan CreditEase Puhui Small Loan Co., Ltd. (“Hainan CreditEase”) |  | Consolidated VIE of CreditEase |  | Collection of fee from customer on behalf of Heng Cheng |
Schedule of amounts due from related parties |
| (i) | Amounts due from related parties
|  | December 31, 2015 |  | December 31, 2016 |
|  | RMB |  | RMB |
Tian Da Xin An (Note a) |  | 20,774 |  | 1,677 |
CreditEase Huimin (Note b) |  | 65,792 |  | — |
Beijing Zhicheng |  | 104 |  | — |
CreditEase Zhuoyue |  | 19 |  | — |
Hainan CreditEase |  | 200 |  | 1 |
Total |  | 86,889 |  | 1,678 |
| (a) | Under the guarantee model, for providing the guarantee service to the investors on the principal and interest, Tian Da Xin An charges the investors at a rate of 10% based on monthly interest on loans as servicing fee, which is to be collected by the Group on behalf of the guarantee company. The Group pays the investors the principal and interest on loans that default, and collects the associated unpaid transaction fee in accordance with the guarantee arrangement from Tian Da Xin An (see Note 2, Revenue from loan facilitation services). The balance of amount due from Tian Da Xin An as of December 31, 2015 and 2016 represents the net amount of service fee payable and the receivable amount arising from guarantee service, including default principal and interest on loans as well as the associated default uncollectible transaction fee.
| (b) | Amount due from CreditEase Huimin as of December 31, 2016 mainly represents the transaction fees and service fees received by CreditEase Huimin through the external payment network on behalf of the Group before the carve-out.
Schedule of amounts due to related parties |
| (ii) | Amounts due to related parties
|  | December 31, 2015 |  | December 31, 2016 |
|  | RMB |  | RMB |
CreditEase Puhui (Notes a and b) |  | 3,413 |  | 5,351 |
Puxin Hengye (Note a) |  | 242 |  | 3,264 |
Pucheng Credit (Note a) |  | 13 |  | 1,149 |
Beijing Zhicheng |  | — |  | 1,438 |
CreditEase Zhuoyue |  | — |  | 407 |
Total |  | 3,668 |  | 11,609 |
| (a) | Amounts due to related parties represented the provision of credit assessment, collection, system support, identity verification, borrowers and investors acquisition and referral services by the related parties to Heng Cheng and Heng Ye as of December 31, 2016.
| (b) | Since April 2015, the Group also provides borrower acquisition and referral service to CreditEase Puhui, receivables from CreditEase Puhui in relation to such service is netted off with amount due to CreditEase Puhui.

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