New Study: China Online Lending Industry Growth & Forecast Attractiveness Report 2015
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With the continuous expansion of scale, Chinese small and medium-sized enterprises are seeing rapid growth in capital demand, and the same is true of the individual consumption. However, these fund demands cannot be fulfilled out of different reasons. On the other hand, private capital sat idle due to less investment channels. Against this backdrop, a variety of private lending models have sprung up. Thus, with the help of internet technologies, online lending industry develops speedily as well.
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Since PaiPaiDAI, China’s first peer-to-peer (P2P) unsecured online petty-sum lending platform, was born in Shanghai in August 2007, China's online lending platform and its market size have swelled. According to the statistical data from Wangdaizhijia, a P2P online lending platform, the number of online lending platforms grew from 50 in 2011 to 1,964 or so in the first half of 2015. Also, the transaction size increased from RMB1 billion in 2011 to around RMB252.8 billion in 2014, and then RMB234.7 billion in the first half of 2015 with a doubled YoY expected throughout this year.
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On the other hand, however, what lies behind the prosperous lending industry is a dilemma of “no threshold, no standard, and no regulation”. Since 2013, the phenomenon of business close-down and bankruptcy has occurred frequently. According to incomplete statistics, the number of failed platforms in the industry reached 275 in 2014, 3.6 times that of 2013. As of June 2015, there were a total of 786 failed platforms, of which that for Jan.- Jun. 2015 amounted to 419, exceeding the full-year total in 2014.
The steady progression of online lending industry in the future will depend greatly on the introduction of relevant laws and regulations. There were no laws and regulations aiming specially at online lending in China as of the end of 2015H1.
View Full Report at http://www.marketresearchreports.biz/analysis/296885
Since PaiPaiDAI, China’s first peer-to-peer (P2P) unsecured online petty-sum lending platform, was born in Shanghai in August 2007, China's online lending platform and its market size have swelled. According to the statistical data from Wangdaizhijia, a P2P online lending platform, the number of online lending platforms grew from 50 in 2011 to 1,964 or so in the first half of 2015. Also, the transaction size increased from RMB1 billion in 2011 to around RMB252.8 billion in 2014, and then RMB234.7 billion in the first half of 2015 with a doubled YoY expected throughout this year.
Download sample Copy of This Report at http://www.marketresearchreports.biz/sample/sample/296885
On the other hand, however, what lies behind the prosperous lending industry is a dilemma of “no threshold, no standard, and no regulation”. Since 2013, the phenomenon of business close-down and bankruptcy has occurred frequently. According to incomplete statistics, the number of failed platforms in the industry reached 275 in 2014, 3.6 times that of 2013. As of June 2015, there were a total of 786 failed platforms, of which that for Jan.- Jun. 2015 amounted to 419, exceeding the full-year total in 2014.
The steady progression of online lending industry in the future will depend greatly on the introduction of relevant laws and regulations. There were no laws and regulations aiming specially at online lending in China as of the end of 2015H1.