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The future of peer-to-peer lending in China

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journal contribution
posted on 10.11.2020, 09:52 by Ding Chen, Anil Savio Kavuri, Alistair Milne
This paper reviews the development and assesses the future of Peer-to-Peer (P2P) lending in China. Chinese P2P lending has expanded by a factor of 60 over the four years from 2013 and 2017, becoming much greater, both in absolute terms and relative to the size of the economy, than in any other country. The industry though has been plagued by problematic often fraudulent business models in what was, until 2015, effectively a regulatory vacuum. A strict new regulatory regime is now being introduced but its introduction, especially the requirements on capital requirements and registration, are substantially reducing the volume of P2P lending. We consider the future of P2P lending concluding it’s facing substantial uncertainties.

History

School

  • Business and Economics

Department

  • Economics

Published in

SSRN Journal

Publisher

Elsevier

Version

AO (Author's Original)

Publication date

2020-01-23

ISSN

1556-5068

Language

en

Depositor

Prof Alistair Milne Deposit date: 14 October 2020

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