Milne_The Future of Peer-to-Peer lending in China20122019 (1).pdf (435.61 kB)
Download fileThe future of peer-to-peer lending in China
journal contribution
posted on 2020-11-10, 09:52 authored by Ding Chen, Anil Savio Kavuri, Alistair MilneAlistair MilneThis 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 JournalPublisher
ElsevierVersion
- AO (Author's Original)
Publication date
2020-01-23ISSN
1556-5068Publisher version
Language
- en