Ding, C., Kavuri, A.S. and Milne, A. (2021) PS14 Lessons from the rise and fall of Chinese peer-to-peer lending. Journal of Banking Regulation, 22 (2). pp. 133-143. ISSN 1745-6452
Abstract
This paper reviews the development and assesses the future of peer-to-peer (P2P) lending in China. Chinese P2P lending has expanded by a factor of 60 over the 4 years from 2013 to 2017. Consequently, it is now much greater, both in absolute terms and relative to the size of the economy, than in any other country. The industry though has been plagued by problematic often fraudulent business models in what was, until 2015, effectively a regulatory vacuum. A strict new regulatory regime is currently being introduced. However, the introduction of the strict new regulatory regime, especially the requirements on capital and registration are substantially reducing the volume of P2P lending. We consider the future of P2P lending concluding it is facing substantial uncertainties.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 Springer Nature Limited. This is an author-produced version of a paper subsequently published in Journal of Banking Regulation. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | P2P lending; Investor protection; Banking; Banking competition; Financial technology; Financial regulation |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > School of Law (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 22 Sep 2020 09:40 |
Last Modified: | 25 Jan 2022 12:14 |
Status: | Published |
Publisher: | Springer Nature |
Refereed: | Yes |
Identification Number: | 10.1057/s41261-020-00132-2 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:165705 |