The New Membership of Loan Club—P2P Online Lending

  • Jiazhuo G. WangEmail author
  • Juan Yang


It was not a surprise to see that some successful internet-based financing business, such as P2P (peer to peer) online lending, were so quickly adopted and developed in China since its inception in Britain in 2005. In 2006, CreditEase was founded in China, and soon, PPDAI and RENRENDAI were launched in 2007, followed by Hongling venture capital in 2009, and subsequently by PingAn Group’s LUFAX (also known as Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.) coming into market in 2011. In the past a few years, P2P online lending was developed rapidly in China and successfully “intruded” into the financial industry. The traditional tough threshold for non-state-owned funding providers in commercial lending market has been dissolved by barbaric growth of online financial companies, and P2P online lending has become an increasingly important force in traditional loan market.


Interest Rate Commercial Bank Credit Rating Mature Debt Total Loan 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Tang N. 2013. The value of credit. 21st Century Business Herald, 5 Aug 2013.Google Scholar
  2. Wang and Xu. eds. 2015. Financing the underfinanced—online lending in China. Springer.Google Scholar
  3. Wang Jiazhuo et al. eds. 2014. 2013 Online lending industry in China. Tsinghua University Press.Google Scholar

Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.School of Business, College of Staten IslandCity University of New YorkStaten Island, New YorkUSA
  2. 2.HSBC Business SchoolPeking UniversityShenzhenChina

Personalised recommendations