The Anonymous Widower

A Chinese View On Peer-To-Peer Lending

I found this article in the South China Morning Post.

It would appear that peer-to-peer lending is taking off in China in a big way. Here’s an extract.

According to an unofficial source, there are an estimated 100 such Chinese lenders in operation, with projected total outstanding loans this year of 18 billion yuan (HK$22 billion)

That sounds a lot to me.

November 5, 2012 - Posted by AnonW | Finance | Banks, China, Zopa