In 2020, 41 percent of issues related to problematic P2P lending platforms in China were related to a platform operator that ran off. The second most common incident were customers experiencing issues withdrawing their funds. A lack of regulation of the peer-to-peer lending industry caused a sharp expansion of the number of platforms. However, after the introduction of stricter rules, many platforms became unable to operate. In 2019, almost 3,000 lending platforms became entangled in the problematic incidents shown in this statistic.
Share of problematic peer-to-peer lending platform issues in China in 2020, by type
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Wangdaizhijia. (August 13, 2021). Share of problematic peer-to-peer lending platform issues in China in 2020, by type [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1149280/china-share-of-problematic-p2p-lending-platform-issues-by-type/
Wangdaizhijia. "Share of problematic peer-to-peer lending platform issues in China in 2020, by type." Chart. August 13, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1149280/china-share-of-problematic-p2p-lending-platform-issues-by-type/
Wangdaizhijia. (2021). Share of problematic peer-to-peer lending platform issues in China in 2020, by type. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1149280/china-share-of-problematic-p2p-lending-platform-issues-by-type/
Wangdaizhijia. "Share of Problematic Peer-to-peer Lending Platform Issues in China in 2020, by Type." Statista, Statista Inc., 13 Aug 2021, https://www.statista.com/statistics/1149280/china-share-of-problematic-p2p-lending-platform-issues-by-type/
Wangdaizhijia, Share of problematic peer-to-peer lending platform issues in China in 2020, by type Statista, https://www.statista.com/statistics/1149280/china-share-of-problematic-p2p-lending-platform-issues-by-type/ (last visited November 21, 2024)
Share of problematic peer-to-peer lending platform issues in China in 2020, by type [Graph], Wangdaizhijia, August 13, 2021. [Online]. Available: https://www.statista.com/statistics/1149280/china-share-of-problematic-p2p-lending-platform-issues-by-type/
