china p2p lending

Dec

Lufax’s pivot away from P2P lending pays off

Lufax is one of the few prominent Chinese fintechs that foresaw tighter regulation of online lenders, perhaps because the company began as a peer-to-peer lender. As Beijing in 2017 launched what would become a sustained campaign to eradicate the scandal-ridden P2P lending sector in China, Lufax moved to exit the…

Aug

China Banking Research

China’s P2P lending endgame

China’s peer-to-peer lending crackdown has been a lesson in risk management with Chinese characteristics. While SOE juggernauts in China may be too big to fail, the P2P lending sector was too big to prevail. Massive scams on the largely unregulated platforms defrauded retail investors of their life savings, threatening social…

Jun

China Banking Research

Reflecting on what went wrong with P2P lending in China

Some things just weren’t meant to be, like peer-to-peer lending in China. What began as a legitimate way to support financial inclusion through internet finance morphed into a scam-ridden zombie industry. Beijing has moved to shut down the majority of P2P lenders that haven’t imploded on their own. The industry…

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