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2015 | OriginalPaper | Chapter

5. Risks in the Online Lending Industry

Authors : Jiazhuo G. Wang, Hongwei Xu, Jun Ma

Published in: Financing the Underfinanced

Publisher: Springer Berlin Heidelberg

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Abstract

The online lending industry emerges with the development of the internet, and is currently still in the early stage of its development in China without laws and regulations designed specifically for online lending industry. As a result, there are no entry barriers in online lending industry. Some platforms can get online hastily by simply purchasing and modifying some less expensive website templates. Lacking clear industrial standards, the fast development of P2P online lending industry in China cannot guarantee the quality of the platforms at the very beginning. At present, the high quality and low quality platforms co-exist, which highlights the risks involved day by day in the industry. This chapter will analyze several types of risks confronted by participants in online lending from the perspective of the whole industry.

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previous chapter The Business Model Analysis of Online Lending Platforms Outside China

next chapter A Comprehensive Rating SystemComprehensive rating system of Online Lending Platforms

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Title: Risks in the Online Lending Industry
Authors: Jiazhuo G. Wang
Hongwei Xu
Jun Ma
Publisher: Springer Berlin Heidelberg
Book: Financing the Underfinanced
Print ISBN: 978-3-662-46524-0

Electronic ISBN: 978-3-662-46525-7

Copyright Year: 2015
DOI: https://doi.org/10.1007/978-3-662-46525-7_5