360 Finance Inc
Q2 2022 Earnings Call
Aug 18, 2022, 8:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by. And welcome to the 360 DigiTech second quarter 2022 earnings conference call. [Operator instructions] At this time, I'd like to turn the conference call over to Ms. Mandy Dong, IR director.
Please go ahead, Mandy.
Mandy Dong -- Director, Investor Relations
Thank you. Hello, everyone, and welcome to our second quarter 2022 earnings conference call. Our results were issued earlier today, and it can be found on our IR website. Joining me today are Mr.
Wu Haisheng, our CEO and director; Mr. Alex Xu, our CFO and director; and then Mr. Zheng Yan, our CIO. Before we begin our prepared remarks, I'd like to remind you of our safe harbor statement in our earnings press release, which also applies to this call.
We may refer to forward-looking statements based on our current plans, estimates, and projections. Also, this call includes discussions of certain non-GAAP measures. Please refer to our earnings release for a reconciliation between non-GAAP and GAAP ones. Last, unless otherwise stated, all figures mentioned are in RMB.
I will now turn the call over to our CEO, Mr. Wu Haisheng.
Haisheng Wu -- Chief Executive Officer and Director
[Foreign language]
Mandy Dong -- Director, Investor Relations
Hello, everyone. I'm very happy to report another strong quarter in Q2. Total loan origination and the facilitation volume reached RMB 98.3 billion, up 11% y-o-y. Outstanding loan balance reached RMB 150.5 billion, up 28% y-o-y.
Despite an unusually volatile macro environment with the Shanghai lockdown and the resurgence of COVID in multiple cities, we delivered a solid performance which once again demonstrated the resilience of our operations and the risk management capabilities facing adversity.
Haisheng Wu -- Chief Executive Officer and Director
[Foreign language]
Mandy Dong -- Director, Investor Relations
On the regulatory grounds, there are further developments in rectification work of platform economies. Recent regulatory meetings have all sent a clear signal that the reform is reaching an ending phase. Going forward, regulators will put the emphasis on driving healthy and sustainable industry development through normalized supervision. As the regulatory environment gradually stabilize, we sea clearer guidance.
On July 28, the Central Political Bureau of the Communities Party of China set up economic priorities for the second half of the year. The policymakers pledge to promote healthy, orderly development of the platform economy, completing the rectification work and to conduct regular supervision. At a follow-up meeting by the PBOC on August 1st, the central bank remarked significant progress of major platform rectification. And these will urge these companies to complete the whole rectification project, place them under regular supervision that is more generalized, transparent, and predictable.