Fri, Apr 25, 2014
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

Banner
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: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance