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2022 | OriginalPaper | Chapter

6. Marketplace Lending and its Development in China

Author : Yinxu Huang

Published in: Law and Practice of Crowdfunding and Peer-to-Peer Lending in Australia, China and Japan

Publisher: Springer Nature Singapore

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Abstract

Chapter 6 provides an overview of the development of crowdfunding and peer-to-peer lending in China including how the financing model works in China and how various factors have influenced their development.

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Footnotes
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13
《中华人民共和国慈善法》 [Charity Law of the People’s Republic of China] (People’s Republic of China) National People’s Congress, Order No.43, 16 March 2016.
 
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史家瑞[Shi Jiarui], 《试论网络公益众筹的发展现状、问题与法律规制》[On the Development Status, Problems and Legal Regulation of Online Public Welfare Crowdfunding] (2020) 16 (06)经济研究导刊 Introduction to Economic Research 137, 138.
 
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胡金焱、韩坤[Hu Jinxuan & Han Kun], 《网络众筹融资表现与风险:逆向选择还是道德风险?——基于投资人评价的文本挖掘》[Online Crowdfunding Performance and Risk: Reverse Selection or Moral Hazard? —— Text Mining Based on Investor Evaluations] (2021) 45 (04) 山东大学学报(哲学社会科学版)Shandong University Journal (Philosophy and Social Sciences) 152, 160.
 
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18
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黄尹旭、杨东[Huang Yinxu & Yang Dong], 《金融科技功能型治理变革》[FinTech Functional Governance Changes] (2021) 34 (07) 山东社会科学Shandong Social Sciences 140, 142.
 
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《关于促进互联网金融健康发展的指导意见》 [Guideline of Promoting the Healthy Development of Internet Finance](People’s Republic of China) People’s Bank of China, Ministry of Industry and Information Technology, Ministry of Public Security, Ministry of Finance, State Administration for Industry and Commerce, Legislative Affairs Office of The State Council, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission, Cyberspace Administration of China, Order No.221, 18 July 2015.
 
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22
冯辉[Feng Hui], 《金融整治的法律治理》[Governance of Financial Governance] (2020) 33 (12) 法学Law Science 19, 20.
 
23
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Ibid.
 
26
https://static-content.springer.com/image/chp%3A10.1007%2F978-981-19-3834-4_6/MediaObjects/478843_1_En_6_Figf_HTML.gif [Notice of the Implementation of compliance inspection of P2P lending platform] (People’s Republic of China) Office of Leading Group of P2P Lending Risk Special Rectification, 2018.
 
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杨东、黄尹旭[Yang Dong & Huang Yinxu], 《ICO本质及监管机制变革》[The Proposal of Chinese-style Equity-based Crowdfunding Development] (2015) 32 (03)中国金融 China Finance 63, 65.
 
28
新浪[Sina], 《 < 大圣归来>众筹:780万投资翻了近四倍》[“Monkey King: Hero is Back” crowdfunding: 7.8 million investment profit nearly 400%] (Jul 2015) <http://​ent.​sina.​com.​cn/​m/​c/​2015-07-25/​doc-ifxfikka1442247.​shtml>.
 
29
《中华人民共和国证券法》 [Securities Law of the People’s Republic of China](People’s Republic of China) NPC Standing Committee, Order No.37, 1 March 2020.
 
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Tianlong Lawrence Hu and Dong Yang, ‘The People’s Funding of China: Legal Developments of Equity Crowdfunding — Progress, Proposals, and Prospects ‘(2014) 83 (02) University of Cincinnati Law Review 445, 453.
 
31
《刘曼曼等非法吸收公众存款案》[Liu Manman etc.— Illegally Absorbing Public Deposits Case], 北京市第一中级人民法院[First Intermediate People’s Court Of Beijing Municipality], (2016)京01刑初140号[Criminal first instance No.140], 12 September 2017.
 
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Dong Yang and Min Li, ‘Evolutionary Approaches and the Construction of Technology-Driven Regulations ‘(2018)54(14) Emerging Markets Finance and Trade 3256, 3258.
 
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Ann Cavoukian, The 7 Foundational Principles Implementation and Mapping of Fair Information Practices (Jan. 2011), <https://​www.​ipc.​on.​ca/​wp-content/​uploads/​Resources/​pbd-implement-7found-principles.​pdf>
 
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Douglas W. Arner, Jànos Barberis and Ross P. Buckley, Fintech and Regtech in a Nutshell, and the Future in a Sandbox (Jul. 2017), <https://​www.​cfainstitute.​org/​en/​research/​foundation/​2017/​fintech-and-regtech-in-a-nutshell-and-the-future-in-a-sandbox>
 
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Metadata
Title
Marketplace Lending and its Development in China
Author
Yinxu Huang
Copyright Year
2022
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-19-3834-4_6