Peer-to-Peer Lending with Chinese Characteristics: Development

A typical view among China watchers has been that Chinas finance has lagged behind development in other sectors and is dominated by large stated-owned banks. However, fundamental changes in Chinas financial system are underway and Chinas peer-to-peer (P2P) lending is now the largest in the world. This book is comprised of two parts. The first part is a comprehensive analysis of Chinas P2P lending industry. It outlines the factors behind the meteoric rise of Chinas P2P lending and its challenges. The second part is a panoramic survey of Chinas P2P lending industry with study of typical cases. Besides, it introduces the existing relevant regulations, regulators, likely upcoming regulatory measures as well as the diverse financial institutions appearing with the development of the industry, to analyse in-depth the current functioning of the industry in China and its lending practices through a large scale survey.