Tagged: china

China: A Fast Growing but Chaotic Internet Finance Industry

Chinese Peer to Peer Lending

China’s internet finance industry continues to grow while encountering ongoing challenges as fraud remains prevalent in the loosely regulated sector of the finance industry. Dominated by peer to peer lending (the largest in the world), as of March over 3900 platforms were counted by WDZJ (other… Read More

Yirendai Announces Issuance Completion of RMB 250M Asset-Backed Securities & Chief Technology Officer Resignation

Ning Tang LenditUSA 2016

Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced on Monday the completion of issuance of RMB 250 million asset-backed securities (“ABS”). Last month,  Yirendai announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with the… Read More

Wealth Migrate Set to Open New Shanghai Office

Skyscrapers-Shanghai2

On Friday, real estate crowdfunding platform, Wealth Migrate, announced that it was officially opening its new Shanghai office, which will be located in the Pudong Pilot Free Trade Zone district.  Wealth Migrate China CEO, Aling Gong, declared that the Shanghai opening is considered a milestone for the crowdfunding movement… Read More

Brief: China Rapid Finance Announces Broadline Capital’s Investment Honored As “Technology Deal of the Year” at International M&A Awards

China Rapid Finance

On Wednesday, China Rapid Finance Limited announced that an investment by global private equity firm Broadline Capital in the company was honored as “Technology Deal of the Year” at the 2016 International Financial Forum’s 8th Annual International M&A Awards. This event recognizes excellence in deal-making and celebrate the… Read More

Brief: China Rapid Finance’s CEO Speaks About China’s Market Huge Online Lending Potential

Zane Wang

Offering up an insight on China’s market growth, China Rapid Finance’s CEO, Dr. Zane Wang, spoke at the LendIt USA 2016 conference that China has become the largest and fastest-growing online lending market in the world. Wang explained that the China market has huge potential and growth opportunities,… Read More

LendIt Announces: China Event to Be Held in Shanghai This Summer

LendIt China

On Monday, organizers of the online lending conference, LendIt, announced the launch of LendIt China 2016, its inaugural Chinese conference, which will take place in Shanghai on July 17-18, 2016. According to LendIt, the event will bring together the marketplace lending platforms from all over the world… Read More

Standard Chartered & SuperCharger: Hong Kong’s FinTech Accelerator Update

Anju Patwardhan

Standard Chartered and SuperCharger announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.  The programme was launched in October 2015 to find top FinTech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia. “Standard… Read More

Delegation from “Chinese Crowdfunding Capital” to Work with City of Liverpool

Ellen Cutler

  A Chinese delegation from Guiyang, the capital of Guizhou Province in China described as the “capital of crowdfunding” in the country, is visiting the City of Liverpool to explore potential areas of collaboration such as tourism, big data and crowdfunding.  The 24 delegates from… Read More

What does Taiwan’s Cash Card Crisis Mean for Consumer Finance in Mainland China?

Taiwan Broken Money

  A decade ago, bank salespersons were seen at almost every street corner in Taipei. Apart from credit cards, they also offered unsecured micro-loans to ordinary people. As long as you didn’t have a criminal record and could provide your basic information such as ID… Read More

CreditEase Leads Creation of the National Internet Finance Association of China

CreditEast National Internet Finance Association of China

Late last month the National Internet Finance Association of China (NIFA) was launched during a ceremony in Shanghai. CreditEase, the first (and largest) peer to peer lender in the country, was elected as an Executive Director to the new entity. Former People’s Bank of China Deputy… Read More

Real Estate Related Crowdfunding & P2P Lending Surge in China: Opportunity or Crisis? 

Beijing_northeast

The property prices in China’s major cities has surged in recent months, first in Shenzhen, then Shanghai and Beijing. The rapid appreciation of property is drawing people’s attention back to the concept of real estate crowdfunding. Four types of real estate crowdfunding Real estate crowdfunding… Read More

Crowd2Fund Opens for Business in 163 Different Countries

Crowd2Fund China Delegation

  Crowd2Fund has just revealed it is going global. According to information provided by the crowdfunding platform, Crowd2Fund has opened its platform to investors in 163 different countries to create accounts and invest in UK SMEs.  Crowd2Fund is an FCA regulated platform that offers both… Read More

Ys Net Launches Chinese Website For Kickstarter Alum “Shenmue III”

Shenmue 3 4

This week, Japanese production studio Ys Net announced that it has created a new Chinese website for its Kickstarter success project, Shenmue III. The company, which was founded in 2008 by well-known video game developer Yu Suzuki, revealed that it will be accepting contributions through the Chinese payment… Read More

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

South East Asia at Night

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

Chinese Regulators Vow to Get Tough on Online Lending

CBRC Chairman Shang Fulin

The China Banking Regulatory Commission is talking tough when it comes to bogus online lenders. As reported in the China Daily,  Shang Fulin, Chairman of the CBRC, explained at a news conference regulators were cracking down of dodgy platforms; “The CBRC will strengthen regulation, intensify… Read More

Supreme People’s Court Report Reveals China Has Concluded 1.42M P2P Lending Cases in 2015

China Flag

On Sunday, the Supreme People’s Court of the People’s Republic of China (SPC) announced that the country’s court system handled approximately 1.42 million cases regarding peer-to-peer lending during 2015. As reported by Xinhua, during the annual parliamentary session, SPC President, Zhou Qiang, noted that the… Read More

Chinese VC Firm Pando Group Invests $2M In Israeli Fintech Hub ‘The Floor’

Moises Cohen the floor

Israel’s fintech scene is a can’t-miss these days. As a recent example, Chinese venture capital firm Pando Group has invested US$2 million (HK$15.53 million) in Israeli financial technology (fintech) hub The Floor in Tel Aviv, notes the South China Morning Post. The funds support the creation of… Read More

Brief: Yirendai Now Faciliates Loan Products with Asset-Backed Security Structure

Larry Summers and Ning Tang 2

Yirendai Ltd. (NYSE: YRD),  an online consumer finance marketplace in China, announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with asset-backed security (“ABS”) structure. Yirendai reported that as part of its strategy to diversify and expand… Read More

Chinese Peer to Peer Lending Industry Does Not Need More Rules

Ezubao Behind Bars

Following the much-talked-about Ezubao $7.6 billion Ponzi scheme collapse at the end of last year, the perception and outlook of the Chinese online lending industry has grown increasingly negative both within and outside of China. Murmurs of regulation began floating around in early 2014 but… Read More

Ning Tang, CEO Of CreditEase, Discusses Chinese P2P Regulations & Future of Online Lending

Ning Tang 2

    At the Continuum SF Innovation and Credit Conference in San Francisco I recently attended, those present listened to a solid lineup of speakers discuss business development and more in SF and across the Pacific in China. Speakers included SF Mayor Ed Lee; Rob Suber,… Read More