Company:  CONSUMER CAPITAL GROUP, I ... (CCGN)
Form Type:  NT 10-Q
Filing Date:  11/14/2017 
CIK:  0001439299 
Address:  136-82 39TH AVE, 4TH FLOOR, UNIT B 
City, State, Zip:  FLUSHING, New York 11354 
Telephone:  (718) 395-8150 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$6.70  
Change: 
-0.02 (-0.30%)  
Trade Time: 
10:54 AM EST  
Market Cap: 
$215.60M
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Description of Business
We strive to become a one-stop shop that focuses on financial advisory service for micro, small-to-medium sized enterprises ("SMEs") in China. We are primarily engaged in two core businesses: microfinancing and financial advisory service. We operate our direct microfinancing business through our subsidiary, Arki E-Commerce, and our VIE, Arki Network, and our financial advisory service through Arki Network's wholly-owned subsidiary Yin Hang. With the increased difficulty of obtaining sufficient financing through traditional channels by SMEs, we offer SMEs alternative financing means through risk-controlled private lending to meet their capital needs and develop their business. We also offer advisory and risk assessment services to both lenders and borrowers to help increase the efficiency of loan origination by financial institutions. It is our belief that the growth of SMEs will become an important factor of China's economic growth in the next decade.
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  FORM NT 10-Q