In 2020, the total number of problematic P2P lending platforms in China amounted to 2,590. Offering significantly higher interest rates and guaranteeing easier access to loans than traditional banks, online P2P lending platforms became increasingly popular for borrowers and lenders alike. From 2015 onward, government regulators addressed the lack of regulation for this industry. The resulting pressure of tightening regulation unveiled the dubious business practices of many platforms. In over 40 percent of cases, the recorded issue was that the website operator ran away.
Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020
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Wangdaizhijia. (August 13, 2021). Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1149188/china-total-number-of-problematic-p2p-lending-platforms/
Wangdaizhijia. "Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020." Chart. August 13, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1149188/china-total-number-of-problematic-p2p-lending-platforms/
Wangdaizhijia. (2021). Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1149188/china-total-number-of-problematic-p2p-lending-platforms/
Wangdaizhijia. "Total Number of Problematic Peer-to-peer Lending Platforms in China from 2015 to 2020." Statista, Statista Inc., 13 Aug 2021, https://www.statista.com/statistics/1149188/china-total-number-of-problematic-p2p-lending-platforms/
Wangdaizhijia, Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020 Statista, https://www.statista.com/statistics/1149188/china-total-number-of-problematic-p2p-lending-platforms/ (last visited November 21, 2024)
Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020 [Graph], Wangdaizhijia, August 13, 2021. [Online]. Available: https://www.statista.com/statistics/1149188/china-total-number-of-problematic-p2p-lending-platforms/
