Sun, Aug 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Celent report predicts P2P lending in China will grow steadily

Tuesday, October 29, 2013

Beverly Chandler, Opalesque London:

The Future of P2P Lending in China, a new report from Celent finds that the peer to peer lending market in China has grown from $30m in 2009 to $940m in 2012, and will reach $7.8bn in 2015.

Key findings of the report include the fact that in the past five years, banking assets in China have been growing steadily at 20% per year, but the structure of the Chinese credit market has been irrational, Celent says. "For example, bank loans tend to be given to large enterprises, while small and medium enterprises find it difficult to obtain a loan. The future Chinese credit market will become more diverse, so as to facilitate the provision of bank loans; interest rates will be liberalized, and a national credit system will be set up."

The company finds that the peer-to-peer (P2P) lending model is one example of such diversification. "P2P lending relies on internet technology to carry out transactions; it also reduces risks and gives rise to competition in interest rates. In practice, the advent of the internet has influenced the finance industry to a certain degree, especially in the personal and small and medium enterprise financial markets. For example, AliFinance has created new business models in the areas of payments, unsecured loans and risk management through the introduction of Internet technologies."

Celent’s research revealed that P2P suppl......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner