One, question the will couple primarily questions. high-level or first Jacky, on why can to you a With regards a of your X is So guidance, reasons. well, macro reason. it's to say first answer, we raised Jay reason due
attributable you performance. us and reason a is say, reason The second or one, our a can micro to specifically
the -- stable seeing and reason, also towards increasingly regulatory when environment. to very, very the right favorable comes the And first regulations in on we're environment, it's increasingly First, direction. moving a it positive and a macro particular, now good and
primarily there limiting that it is While larger a at primarily we be hope, is model. much some players. as And it's seem us, much happening aimed negative may what the see that the do impacting that larger is announcements co-lending to
model it of the we model actually and recognized is the a the recognized the increasingly as and For seeing use. what is what course, we're And environment. only that being hearing that the regulators quite model, entire favorable part we actually use, the loan that is that by opposite, we facilitation are of
co-lending So model. is turn, hence, And even for are, environment the see this or increasingly constrained us. where an we the environment stable regulatory hence, players favorable, potential larger of because being opportunities tremendous generating also is the in
that feel be So going year. strongly this there's hence, growth additional new to we
reason. So macro that's the
we is see, best fact, we our asset the last actually thus how growth, year, far, better. we some best and which the a growth. of On have at to look the record And we very numbers see best have strong in fourth not also do quarter among in even date, to by can strong experienced. the that this ever and see the we get micro of compared our can way, quality, growth when we growth the particular, extends very, to fact, only quarter, fact, we in years performed was and first which, reasons, And see may, historical not quarter in
guidance. we about ability or own again, environment, So our macro strongly hence, our our in to two, reasons, one, particular, for these the the environment regulatory, larger performance, raise X the recent feel
to in in balance, balance. regards will XX% specific be loan probably growth the loan it So like that feel we year-on-year something
regulatory approve had, many question in And of ago. is and and something actually very the have their been already we ways prepared compliant second the in many institutions can recent particular. the the has similar through is Jacky, as This ago, know, with since new student that announcement, in system to impact literally there of covering course, and the that result, written we the to and out you credit been as that years are you us, from on this the and loans from this. ways very, a actually go that hence, nothing you banks years So regards needs on years say or
request lot regards the the to a that proposal very within and range details already. So in with much it's actual how system of of the we're or implemented, ways, and
adjustments. Now will of made to side, make on be But adjustments make some them primarily, may with these course, work funding our adjustments. and will we the to we possible partner need
very our we our appropriate think do the emphasize partners to we continue to or to that work want on underlying operations expect we as change changes. I limited However, impact instituting with
