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Peer-to-peer lending is booming in China. Traditional financial services face stiff challenges. In China, online loans are growing in popularity because they are simple and convenient. More borrowers are taking out such loans, particularly young people. The balance of online consumer loans in china has grown about fivefold between 2015 and 2024, reaching 350 billion…
Smart Guide for crowdfunding in China. Crowdfunding, funding a project through online donations, has become a popular way to invest in the West; but in China, it’s a relatively nascent industry with enormous potential for future growth. By the end of April 2016, there were a total of 332 crowdfunding platforms in China compared to…
New Policies about the Foreign Investment in China China Is Moving Ahead With New Financial Reforms. After Donald Trump’s visit to the second world economy, the first of the president of the United States to whom imperial treatment was reserved (he was the first foreign leader to dine in the Forbidden City since 1949), China…
Over the past 15 years, renminbi trade volumes have roughly doubled every three years, making it the world’s eighth most traded currency—surpassing the Mexican peso. In May, China’s foreign exchange reserves hit $3.05 trillion, a seven-month high. China’s debt and equity markets are still developing, and the limited options for conventional investments have spurred interest…
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