China’s peer lender pain will hurt the little guy
26/07/2018 03:14
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
By Christopher Beddor
HONG KONG, July 26 (Reuters Breakingviews) - Scores of
peer-to-peer lenders have imploded since last month thanks in
part to a regulatory clampdown. Consolidation is inevitable, and
helpful for big players like Lufax. But the $200 bln industry’s
travails will make it harder for struggling small companies to
find credit.
Full view will be published shortly.
On Twitter https://twitter.com/cbeddor
CONTEXT NEWS
- Some 63 Chinese peer-to-peer lending platforms either
could not repay investors or saw executives flee in June,
according to Wangdaizhijia, an online portal for the industry.
- The total number of platforms in operation stood at 1,836
at the end of the month, down 36 from the month before.
- For previous columns by the author, Reuters customers can
click on BEDDOR/
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China's Lufax targets $2 bln in fresh funding amid IPO delay
urn:newsml:reuters.com:*:nL4N1TG3XI
BREAKINGVIEWS-Chinese P2P giant Lufax dodges a valuation bullet
urn:newsml:reuters.com:*:nL4N1TH180
BREAKINGVIEWS- Lufax flotation offers a safer bet on China debt
urn:newsml:reuters.com:*:nL3N1PA13B
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(Editing by Pete Sweeney and Katrina Hamlin)
((christopher.beddor@thomsonreuters.com; Reuters Messaging:
christopher.beddor.thomsonreuters.com@reuters.net))