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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Consolidated Assets Backed Financing Entities) (Details)
¥ in Thousands, $ in Thousands
1 Months Ended 12 Months Ended
Apr. 30, 2016
USD ($)
fund
Apr. 30, 2016
CNY (¥)
fund
Dec. 31, 2016
USD ($)
Dec. 31, 2016
CNY (¥)
Dec. 31, 2015
CNY (¥)
Dec. 31, 2014
CNY (¥)
Dec. 31, 2016
CNY (¥)
Jul. 31, 2016
USD ($)
Jul. 31, 2016
CNY (¥)
Oct. 31, 2015
CNY (¥)
Assets                    
Restricted cash [1]     $ 175,470   ¥ 483,965   ¥ 1,218,286      
Prepaid expenses and other assets     67,228   246,723   466,763      
Loans at fair value     53,440   221,268   371,033      
Held-to-maturity investments     14,247   30,000   98,917      
Total assets     688,952   2,190,003   4,783,388      
Liabilities                    
Accounts payable [2]     1,972   4,499   13,691      
Payable to investors at fair value     60,303   252,907   418,686      
Accrued expenses and other liabilities     81,257   288,171   564,165      
Total liabilities     380,739   1,213,061   ¥ 2,643,469      
Net revenue     466,368 ¥ 3,237,991 1,313,639 ¥ 196,525        
Net (loss)/income     160,795 1,116,398 275,339 (27,708)        
Net cash (used in)/ provided by operating activities     304,398 2,113,435 861,277 (227,041)        
Net cash used in investing activities     (204,762) (1,421,663) (282,589) (3,577)        
Net cash provided by financing activities     $ 19,487 ¥ 135,298 749,918 ¥ 231,996        
Consolidated ABFE                    
VIE arrangements                    
Maximum aggregate principal amount | ¥                   ¥ 250,000
Threshold percentage of amount of payouts to cash     20.00%       20.00%      
VIE lack of recourse against the assets of the Company     No No            
Assets                    
Restricted cash     $ 14,904   30,735   ¥ 103,481      
Prepaid expenses and other assets     152   1,376   1,056      
Loans at fair value     53,440   221,268   371,033      
Held-to-maturity investments     705       4,896      
Total assets     69,201   253,379   480,466      
Liabilities                    
Accounts payable     21       147      
Payable to investors at fair value     60,303   252,907   418,686      
Accrued expenses and other liabilities     417   713   2,895      
Total liabilities     60,741   253,620   ¥ 421,728      
Net (loss)/income     2,842 ¥ 19,735 11,333          
Net cash (used in)/ provided by operating activities     949 6,591 17,984          
Net cash used in investing activities     (24,439) (169,680) (237,009)          
Net cash provided by financing activities     $ 22,630 ¥ 157,121 ¥ 250,000          
Consolidated ABFE | ABS | Senior A Tranche securities                    
VIE arrangements                    
Securities purchased $ 6,800 ¥ 47,500                
Ownership as percentage to total securities issued (as a percent) 19.00% 19.00%                
Consolidated ABFE | Puxin Hengye | ABS | All subordinated securities                    
VIE arrangements                    
Securities purchased $ 3,600 ¥ 25,000                
Ownership as percentage to total securities issued (as a percent) 10.00% 10.00%                
Consolidated ABFE | Two funds set up and managed by Zhe Hao | ABS | All subordinated securities                    
VIE arrangements                    
Securities purchased $ 9,700 ¥ 67,500                
Ownership as percentage to total securities issued (as a percent) 27.00% 27.00%                
Number of funds | fund 2 2                
Trust No. 1                    
VIE arrangements                    
Security deposit required to be paid (as a percent)     6.00%       6.00%      
Trust No. 2                    
VIE arrangements                    
Maximum aggregate principal amount               $ 43,200 ¥ 300,000  
Security deposit required to be paid (as a percent)     7.00%       7.00%      
Trust No. 2 | Heng Cheng                    
VIE arrangements                    
Equity method investment               4,300 30,000  
Trust No. 2 | Shenzhen CreditEase Commercial Factoring Co                    
VIE arrangements                    
Equity method investment               $ 4,800 ¥ 33,400  
[1] The Company consolidated Huijin No. 28 Single Capital Trust E1, Yiren Elite Loan Trust Beneficial Right Asset Backed Special Plan, CreditEase Wealth Consumer Credit Investment Fund and Huijin No. 28 Single Capital Trust E2 as a whole, which are named “Assets Backed Financing Entities” or the “ABFE”, see Note 2.
[2] VIE companies refers to Heng Cheng and Yi Ren Wealth Management, see Note 2.