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Total number of problematic peer-to-peer lending platforms in China from 2015 to 2020

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Source

Release date

August 2021

Region

China

Survey time period

December 2015 to December 2020

Supplementary notes

Values are the accumulative number of problematic platforms at the end of each year.

The source did not provide a date of publication. The date used here is the access date.

Citation formats

Total number of problematic P2P credit platforms in China 2015-2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 13, 2021
In 2020, the total number of problematic P2P lending platforms in China amounted to . 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 ** percent of cases, the recorded issue was that the website operator ran away.
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