Peer-to-Peer Lending with Chinese Characteristics: Development, Regulation and Outlook

A typical view among China watchers has been that China's finance has lagged behind development in other sectors and is dominated by large stated-owned banks. However, fundamental changes in China's financial system are underway and China's 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 China's P2P lending industry. It outlines the factors behind the meteoric rise of China's P2P lending and its challenges. The second part is a panoramic survey of China's 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.