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VFTP Expert Series, Martin Chorzempa - The crisis in Chinese P2P lending has arrived
For a discussion on the developing crisis in the Chinese Peer-to-Peer (P2P) lending space, we welcomed back Expert Series regular Martin Chorzempa of the Peterson Institute.
In this conversation, Martin outlines a few scary scenarios for the future of the business which has seen total loans fall by about 25% to RMB 900bn in the last 3 months as the industry has come to a standstill. He discusses the current crisis and underlying causes, the inadequate regulatory response and the outlook for industry.
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By Paul KrakeFor a discussion on the developing crisis in the Chinese Peer-to-Peer (P2P) lending space, we welcomed back Expert Series regular Martin Chorzempa of the Peterson Institute.
In this conversation, Martin outlines a few scary scenarios for the future of the business which has seen total loans fall by about 25% to RMB 900bn in the last 3 months as the industry has come to a standstill. He discusses the current crisis and underlying causes, the inadequate regulatory response and the outlook for industry.