China’s P2P Lenders Look to Neighboring Countries as Regulators Keep Cracking Down

Chinese p2p lending has been put in a stranglehold by the government in the last couple of years as they look to have lenders conform to strict new guidelines; some lenders are changing practices and complying, others are shutting downs operations or becoming new companies that provide technology to banks; there is also a growing group of lenders who are exploring new markets in India, Indonesia, Vietnam or other Southeast Asia countries; some companies are using joint ventures or partnerships to set up quickly while others are trying to directly operate; most of these new markets have a lot of potential with big populations who are not in the traditional financial system but who desperately need credit. Source.