By Jiazhuo G. Wang, Hongwei Xu, Jun Ma
This publication, as a entire, in-depth research of 1 of the fastest-growing industries in China, covers all of the most crucial components and concerns within the country’s on-line lending undefined. It comprises, yet isn't really constrained to, the background of on-line lending, the dimensions of the net lending marketplace, the elemental company versions in and a threat research of on-line lending, the features of usual online-lending debtors and investors/lenders, the basis reasons of financial ruin between failed on-line lending systems, a comparative research of on-line lending systems inside and out China, the final rating of on-line lending systems in China, and, eventually, the outlook for the web lending sooner or later. the combination of net and finance has, in recent times, been one of the such a lot striking issues mentioned within the media, the enterprise group and academia, either in China and around the world. The chapters are supplemented with specified case reports, which come with illustrations and tables, and the publication combines theoretical research with conceptual discussions of and most sensible practices within the on-line lending undefined. it will likely be of curiosity to a number of readers around the world, together with: (1) present and capability on-line debtors; (2) latest and capability on-line creditors; (3) traders and execs working on-line lending systems; (4) conventional bankers and significant shareholders in conventional monetary associations; (5) employees in regulatory govt corporations; (6) teachers; and (7) the final public.
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This ebook, as a finished, in-depth research of 1 of the fastest-growing industries in China, covers the entire most crucial parts and matters within the country’s on-line lending undefined. It contains, yet isn't restricted to, the background of on-line lending, the dimensions of the web lending marketplace, the elemental enterprise versions in and a threat research of on-line lending, the features of standard online-lending debtors and investors/lenders, the basis motives of financial ruin between failed on-line lending systems, a comparative research of on-line lending structures inside and out China, the final rating of on-line lending systems in China, and, eventually, the outlook for the net lending sooner or later.
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Additional resources for Financing the Underfinanced: Online Lending in China
17 Data Source Wangdaizhijia We selected the overdue statistics of 18 platforms which published their overdue information and choose the overdue borrowers whose principals were not repaid back for more than 90 days. 4. It can be found that PPDai, My089 and 365edai have more overdue borrowers. As PPDai does not use the advance payment model and has no effective collection means, it resulted in serious overdues of borrowers, and even some intended defaults. However, even though the number of overdue borrowers is very high, the overdue amount per capita is not very significant because of relatively low borrowing amount per capita at PPDai.
It can be seen that, almost 20 % of OLPs claim that they will cooperate with guarantee companies to provide guarantee for borrowing (it is certainly discussable whether they can actually provide the guarantee they promised), and 26 % of the platforms set up risk fund provisions in order to cover overdue payment (it is also discussable whether the statement is valid and the procedure is transparent). In addition, more than half of the online lending platforms claimed that they can offer advance payment for overdue payment, but the exact payment mechanism has not been established yet.
In the past years, the loan balance of OLPs has increased at the rate of more than five times each year on average. 11 The scale comparison between online lending industry and other financial markets. 11. However, with the fast speed of information dissemination through internet, and as one of the “hottest” industry in 2013, online lending industry received high exposure by all types of media, and tremendous attention from regulation agencies and academics for its enormous potentials in the future.