Abstract
P2P lending develops fast in China and many scholars have done research on it. I explore the credit risk of China’s P2P lending by gathering and classifying essays. To be specific, I discuss the classification of credit risk and empirical research on it. Then I analyze the problems in P2P lending in China and how to control them, which is significant for investors and supervisors. Although China’s P2P lending platforms run badly in 2019, several platforms are under transformation. Other platforms can draw lessons from transformation.
Highlights
Peer-to-Peer (P2P) lending meets the new trend of financial de-intermediation, and has developed rapidly both at home and abroad
The results showed that there is no “sexual discrimination” in German online lending platforms
With the development of Internet finance, P2P lending platforms have improved the efficiency of private capitals, provided new channels for private loans, and complemented the traditional financial lending business
Summary
Peer-to-Peer (P2P) lending meets the new trend of financial de-intermediation, and has developed rapidly both at home and abroad. China's P2P lending can provide funds for many small and micro businesses and individuals that are blocked from commercial banks, improve the efficiency of private capital, and promote the marketization of private capital. It is an additional and essential part of the development of China's lending finance. Researches on China's P2P lending can provide investors with a unique angle of views to identify the quality of different platforms, which contributes to the improvement of online lending policies and regulatory systems. Given credit risk being the main risk of China's P2P lending, this article, as a literature review, summarizes the empirical researches on credit risk and identification of China's online lending by Chinese scholars
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