In a public release Formax has announced a new “trading community” that seeks to become a “one stop shop” individual trading platform. Formax states it has collaborated with 6 securities firms in China that aggregates various asset classes including peer to peer lending. China is... Read More
China Based Formax Announces Alternative Trading Platform
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China: The Different Categories of Peer to Peer Lending Platforms
The biggest Peer to Peer (P2P) lending market, China, has been experiencing explosive growth. After two articles introducing the historical growth and outlook for this market, we are going to take a micro look on the huge variety of (P2P) lending platforms emerging in China.... Read More
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CreditEase CEO: “Rural Areas are Strategically Important”
Peer to peer lending is booming in China. There are an estimated 1575 lending platforms, according to Wangdaizhijia. But most of these P2P companies are targeting the urban and sub-urban markets. The exception to this is CreditEase and Eloancn, according to a recent report. Ning... Read More
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P2P Lender CreditEase & Wellington Management Partner to Invest in Pre IPO Companies
CreditEase, a China based peer to peer lender and wealth management company, has partnered with US based Wellington Management to invest in pre-IPO stage companies, according to a report in the China Daily. The agreement is described as one where CreditEase will provide the capital... Read More
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Chinese P2P Platform Yirendai Said to Plan $300 Million IPO
Beijing-based peer-to-peer lender Yirendai.com plans to raise about $300 million in a U.S. initial public offering, notes a recent BloombergBusiness story, citing people with knowledge of the matter. If the IPO takes place, Yirendai could become the first Chinese online-loan platform to list overseas, following the likes of offerings by U.S.... Read More
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CreditEase CEO Ning Tang Introduces Larry Summers, former Secretary of the Treasury (Video)
Former Secretary of Treasury Larry Summers delivered a solid and well received speech at LendIt last week where he criticized the failures of traditional finance while lauding the innovations of internet finance – one that will remove banking from the shadows of the past... Read More
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CreditEase CEO: Thoughts on Internet Finance
Ning Tang, CEO and founder of CreditEase – the first peer to peer lending platform in China, recently shared “ten thoughts” about the evolution of P2P lending and online finance. CreditEase was founded in 2006 prior to P2P lending becoming a popular term, the CreditEase... Read More
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CreditEase Targets Investor Protection
With new rules pending, the peer to peer lending market is jostling for position. CreditEase, the first P2P lender in China, recently cemented an agreement with China Guanfa Bank as part of a push to assure investors their money is safe. According to a report... Read More
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Quotes From #LenditEurope: About China’s 2,000 Lending Platforms & More
Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also... Read More
The post Quotes From #LenditEurope: About China’s 2,000 Lending Platforms & More appeared first on Crowdfund Insider.
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The Questions Everyone Should be Asking P2P Lender CreditEase About Yirendai IPO
On November 16, 2015, Yirendai, an “online” Chinese marketplace lending platform, filed its Form F-1 (Form F-1 /A) with the SEC for an IPO listing on the NYSE. Yirendai is a subsidiary of CreditEase, a sizeable financial services firm in China that provides lending and wealth... Read More
The post The Questions Everyone Should be Asking P2P Lender CreditEase About Yirendai IPO appeared first on Crowdfund Insider.
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China – US Event to Focus on Future of Marketplace Lending
Industry representatives from the two largest economies in the world, China and the United States, will gather in San Francisco later this month to discuss the future of P2P / marketplace lending. The conference is organized by Sync US International (Chi Mei International) a bilateral “resource”... Read More
The post China – US Event to Focus on Future of Marketplace Lending appeared first on Crowdfund Insider.
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Ning Tang, CEO Of CreditEase, Discusses Chinese P2P Regulations & Future of Online Lending
At the Continuum SF Innovation and Credit Conference in San Francisco I recently attended, those present listened to a solid lineup of speakers discuss business development and more in SF and across the Pacific in China. Speakers included SF Mayor Ed Lee; Rob Suber,... Read More
The post Ning Tang, CEO Of CreditEase, Discusses Chinese P2P Regulations & Future of Online Lending appeared first on Crowdfund Insider.
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CreditEase Leads Creation of the National Internet Finance Association of China
Late last month the National Internet Finance Association of China (NIFA) was launched during a ceremony in Shanghai. CreditEase, the first (and largest) peer to peer lender in the country, was elected as an Executive Director to the new entity. Former People’s Bank of China Deputy... Read More
The post CreditEase Leads Creation of the National Internet Finance Association of China appeared first on Crowdfund Insider.
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#LenditUSA Bigger than Ever as Online Lending Begins to Mature
LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500... Read More
The post #LenditUSA Bigger than Ever as Online Lending Begins to Mature appeared first on Crowdfund Insider.
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China Update: Guidelines, Not Rules Quite Yet for Alternative Finance
China is the largest market for alternative finance in the world. According to the Cambridge Centre for Alternative Finance (CCAF), China delivered over $100 billion in alternative finance, including peer to peer lending and crowdfunding, in 2015. This was more than a 3X jump... Read More
The post China Update: Guidelines, Not Rules Quite Yet for Alternative Finance appeared first on Crowdfund Insider.
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CreditEase Grows VC Team to Invest in Fintech
CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy. A few days back, according to a report in ECNS, CreditEast appointed Anju Patwardhan, previously the Global Chief Innovation Officer at Standard Charter Bank.... Read More
The post CreditEase Grows VC Team to Invest in Fintech appeared first on Crowdfund Insider.
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David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics
Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily... Read More
The post David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics appeared first on Crowdfund Insider.
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Shares in Yirendai Jump as Chinese P2P Lender Executes on Objectives
Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in.... Read More
The post Shares in Yirendai Jump as Chinese P2P Lender Executes on Objectives appeared first on Crowdfund Insider.
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13 New Restrictions for China P2P Lenders as Rules Sink In
Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by... Read More
The post 13 New Restrictions for China P2P Lenders as Rules Sink In appeared first on Crowdfund Insider.
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Yirendai Gets Hit with Several Lawsuits on Share Price Decline
The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai... Read More
The post Yirendai Gets Hit with Several Lawsuits on Share Price Decline appeared first on Crowdfund Insider.
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