As China’s financial industry continues on a path of continuous reform and change that started over 30 years ago, the pace of change has anything but slowed in the past few years. From private banks to the rise of mobile payments, the changes are impressive. However, no conversation on change in the industry would be complete without a discussion of Peer to Peer (P2P) lending.
Although P2P lending has existed in China for centuries in a more basic in-person form, it is only over the past decade that it has gone online and grown to a scale that few could have imagined even only a few years ago.
It also comes at a critical time for the industry. Small and medium enterprises (SMEs) are still struggling for capital as liquidity stays tight. Private banks will help alleviate some of this pressure, but today, P2P lending is starting to fill that gap.
This P2P lending in China report from Kapronasia offers an in-depth look at the status of the P2P lending market in China, the challenges and opportunities as well as the potential future direction of the market. Based on our secondary and primary research, the report is a critical look at one of the most dynamic sectors in China today and is essential reading for anyone involved in the financial industry.