According to China Ping 'an official website, Ping 'an's new microfinance is not deceptive. Ping 'an New Microfinance is a loan product for small and medium-sized enterprises launched by China Ping 'an, aiming at solving the problem of capital demand encountered by small and medium-sized enterprises in their operations. With the advantages of simple application process, fast approval speed and no collateral, it has attracted many small and medium-sized micro-business owners.