China Online Lending Industry Report, 2015
With the continuous expansion of scale, Chinese small and medium-sized enterprises are seeing rapid growth in capital demand, and the same is true of the individual consumption. However, these fund demands cannot be fulfilled out of different reasons. On the other hand, private capital sat idle due to less investment channels. Against this backdrop, a variety of private lending models have sprung up. Thus, with the help of internet technologies, online lending industry develops speedily as well.
Since PaiPaiDAI, China’s first peer-to-peer (P2P) unsecured online petty-sum lending platform, was born in Shanghai in August 2007, China's online lending platform and its market size have swelled. According to the statistical data from Wangdaizhijia, a P2P online lending platform, the number of online lending platforms grew from 50 in 2011 to 1,964 or so in the first half of 2015. Also, the transaction size increased from RMB1 billion in 2011 to around RMB252.8 billion in 2014, and then RMB234.7 billion in the first half of 2015 with a doubled YoY expected throughout this year.
On the other hand, however, what lies behind the prosperous lending industry is a dilemma of “no threshold, no standard, and no regulation”. Since 2013, the phenomenon of business close-down and bankruptcy has occurred frequently. According to incomplete statistics, the number of failed platforms in the industry reached 275 in 2014, 3.6 times that of 2013. As of June 2015, there were a total of 786 failed platforms, of which that for Jan.- Jun. 2015 amounted to 419, exceeding the full-year total in 2014.
The steady progression of online lending industry in the future will depend greatly on the introduction of relevant laws and regulations. There were no laws and regulations aiming specially at online lending in China as of the end of 2015H1.
China Online Lending Industry Report, 2015 mainly covers the followings:
Since PaiPaiDAI, China’s first peer-to-peer (P2P) unsecured online petty-sum lending platform, was born in Shanghai in August 2007, China's online lending platform and its market size have swelled. According to the statistical data from Wangdaizhijia, a P2P online lending platform, the number of online lending platforms grew from 50 in 2011 to 1,964 or so in the first half of 2015. Also, the transaction size increased from RMB1 billion in 2011 to around RMB252.8 billion in 2014, and then RMB234.7 billion in the first half of 2015 with a doubled YoY expected throughout this year.
On the other hand, however, what lies behind the prosperous lending industry is a dilemma of “no threshold, no standard, and no regulation”. Since 2013, the phenomenon of business close-down and bankruptcy has occurred frequently. According to incomplete statistics, the number of failed platforms in the industry reached 275 in 2014, 3.6 times that of 2013. As of June 2015, there were a total of 786 failed platforms, of which that for Jan.- Jun. 2015 amounted to 419, exceeding the full-year total in 2014.
The steady progression of online lending industry in the future will depend greatly on the introduction of relevant laws and regulations. There were no laws and regulations aiming specially at online lending in China as of the end of 2015H1.
China Online Lending Industry Report, 2015 mainly covers the followings:
- Overview of online lending industry in China, including development history, policies and regulations, market size, regional pattern, interest rate structure, term structure, etc.;
- Competition pattern of online lending industry in China, involving platform quantity, turnover ranking, popularity ranking, etc.;
- Profile, main products, lending scale, lending popularity, fees and profit model, lending rate distribution, and platform financing of 14 online lending platforms including Shenzhen Hongling Venture Capital Investment Co., Ltd., Lufax, WenZhouDai, Weidai, Hepai Online, RenRenDai, TuanDai, JS808, and 365edai.
1. OVERVIEW OF ONLINE LENDING INDUSTRY
1.1 Introduction
1.2 Development History
1.3 Policy Environment
2. OVERVIEW OF CHINA ONLINE LENDING INDUSTRY
2.1 Main Modes of Online Lending
2.1.1 Unsecured Online Lending Mode
2.1.2 Secured Online Lending Mode
2.1.3 Offline Mode
2.1.4 Mode Comparison
2.2 Market Size of Online Lending
3. REGIONAL ANALYSIS OF ONLINE LENDING
3.1 Platform Distribution
3.2 Trading Volume Distribution
3.3 Loan Balance Distribution
4. DISTRIBUTION OF LENDING STRUCTURE
4.1 Term Structure
4.2 Interest Rate Structure
5. COMPETITION PATTERN
5.1 Platform Quantity
5.2 Turnover and Balance Ranking
5.3 Popularity Ranking
5.4 Financing Competition
6. KEY ONLINE LENDING PLATFORMS
6.1 Shenzhen Hongling Venture Capital Investment Co., Ltd.
6.1.1 Profile
6.1.2 Main Products
6.1.3 Cost Structure
6.1.4 Lending Scale
6.1.5 Lending Popularity
6.1.6 Lending Rate
6.1.7 Platform Financing
6.2 PPmoney
6.2.1 Profile
6.2.2 Main Products
6.2.3 Cost Structure
6.2.4 Lending Scale
6.2.5 Lending Popularity
6.2.6 Lending Rate
6.2.7 Platform Financing
6.3 Lufax
6.3.1 Profile
6.3.2 Business Scope
6.3.3 Operation Mode
6.3.4 Lending Scale
6.3.5 Lending Popularity
6.3.6 Lending Rate
6.3.7 Platform Financing
6.4 Xinhehui.com
6.4.1 Profile
6.4.2 Cost Structure
6.4.3 Lending Scale
6.4.4 Lending Popularity
6.4.5 Lending Rate
6.5 Weidai
6.5.1 Profile
6.5.2 Business Model and Cost Structure
6.5.3 Lending Scale
6.5.4 Credit Structure
6.5.5 Lending Popularity
6.5.6 Lending Rate
6.5.7 Platform Financing
6.6 WenZhouDai
6.6.1 Profile
6.6.2 Cost Structure
6.6.3 Lending Scale
6.6.4 Lending Popularity
6.6.5 Lending Rate
6.6.6 Platform Financing
6.7 TuanDai
6.7.1 Profile
6.7.2 Cost Structure
6.7.3 Lending Scale
6.7.4 Lending Popularity
6.7.5 Lending Rate
6.8 JS808
6.8.1 Profile
6.8.2 Main Products
6.8.3 Cost Structure
6.8.4 Lending Scale
6.8.5 Lending Popularity
6.8.6 Lending Rate
6.9 365edai
6.9.1 Profile
6.9.2 Cost Structure
6.9.3 Lending Scale
6.9.4 Lending Popularity
6.9.5 Lending Rate
6.10 Yirendai.com
6.10.1 Profile
6.10.2 Product Structure and Charging Mode
6.10.3 Lending Scale
6.10.4 Lending Popularity
6.10.5 Lending Rate
6.11 RenRenDai
6.11.1 Profile
6.11.2 Financing History
6.11.3 Business Scope and Operation Mode
6.11.4 Cost Structure
6.11.5 Lending Scale
6.11.6 Lending Popularity
6.11.7 Lending Rate
6.12 YooLi
6.12.1 Profile
6.12.2 Business Model and Working Principle
6.12.3 Main Products
6.12.4 Lending Scale
6.12.5 Lending Popularity
6.12.6 Lending Rate
6.12.7 Financing History
6.13 Itouzi
6.13.1 Profile
6.13.2 Business Model and Working Principle
6.13.3 Lending Scale
6.13.4 Lending Popularity
6.13.5 Lending Rate
6.13.6 Platform Financing
6.14 Hepai Online
6.14.1 Profile
6.14.2 Cost Structure
6.14.3 Lending Scale
6.14.4 Lending Popularity
6.14.5 Lending Rate
1.1 Introduction
1.2 Development History
1.3 Policy Environment
2. OVERVIEW OF CHINA ONLINE LENDING INDUSTRY
2.1 Main Modes of Online Lending
2.1.1 Unsecured Online Lending Mode
2.1.2 Secured Online Lending Mode
2.1.3 Offline Mode
2.1.4 Mode Comparison
2.2 Market Size of Online Lending
3. REGIONAL ANALYSIS OF ONLINE LENDING
3.1 Platform Distribution
3.2 Trading Volume Distribution
3.3 Loan Balance Distribution
4. DISTRIBUTION OF LENDING STRUCTURE
4.1 Term Structure
4.2 Interest Rate Structure
5. COMPETITION PATTERN
5.1 Platform Quantity
5.2 Turnover and Balance Ranking
5.3 Popularity Ranking
5.4 Financing Competition
6. KEY ONLINE LENDING PLATFORMS
6.1 Shenzhen Hongling Venture Capital Investment Co., Ltd.
6.1.1 Profile
6.1.2 Main Products
6.1.3 Cost Structure
6.1.4 Lending Scale
6.1.5 Lending Popularity
6.1.6 Lending Rate
6.1.7 Platform Financing
6.2 PPmoney
6.2.1 Profile
6.2.2 Main Products
6.2.3 Cost Structure
6.2.4 Lending Scale
6.2.5 Lending Popularity
6.2.6 Lending Rate
6.2.7 Platform Financing
6.3 Lufax
6.3.1 Profile
6.3.2 Business Scope
6.3.3 Operation Mode
6.3.4 Lending Scale
6.3.5 Lending Popularity
6.3.6 Lending Rate
6.3.7 Platform Financing
6.4 Xinhehui.com
6.4.1 Profile
6.4.2 Cost Structure
6.4.3 Lending Scale
6.4.4 Lending Popularity
6.4.5 Lending Rate
6.5 Weidai
6.5.1 Profile
6.5.2 Business Model and Cost Structure
6.5.3 Lending Scale
6.5.4 Credit Structure
6.5.5 Lending Popularity
6.5.6 Lending Rate
6.5.7 Platform Financing
6.6 WenZhouDai
6.6.1 Profile
6.6.2 Cost Structure
6.6.3 Lending Scale
6.6.4 Lending Popularity
6.6.5 Lending Rate
6.6.6 Platform Financing
6.7 TuanDai
6.7.1 Profile
6.7.2 Cost Structure
6.7.3 Lending Scale
6.7.4 Lending Popularity
6.7.5 Lending Rate
6.8 JS808
6.8.1 Profile
6.8.2 Main Products
6.8.3 Cost Structure
6.8.4 Lending Scale
6.8.5 Lending Popularity
6.8.6 Lending Rate
6.9 365edai
6.9.1 Profile
6.9.2 Cost Structure
6.9.3 Lending Scale
6.9.4 Lending Popularity
6.9.5 Lending Rate
6.10 Yirendai.com
6.10.1 Profile
6.10.2 Product Structure and Charging Mode
6.10.3 Lending Scale
6.10.4 Lending Popularity
6.10.5 Lending Rate
6.11 RenRenDai
6.11.1 Profile
6.11.2 Financing History
6.11.3 Business Scope and Operation Mode
6.11.4 Cost Structure
6.11.5 Lending Scale
6.11.6 Lending Popularity
6.11.7 Lending Rate
6.12 YooLi
6.12.1 Profile
6.12.2 Business Model and Working Principle
6.12.3 Main Products
6.12.4 Lending Scale
6.12.5 Lending Popularity
6.12.6 Lending Rate
6.12.7 Financing History
6.13 Itouzi
6.13.1 Profile
6.13.2 Business Model and Working Principle
6.13.3 Lending Scale
6.13.4 Lending Popularity
6.13.5 Lending Rate
6.13.6 Platform Financing
6.14 Hepai Online
6.14.1 Profile
6.14.2 Cost Structure
6.14.3 Lending Scale
6.14.4 Lending Popularity
6.14.5 Lending Rate
SELECTED CHARTS
Comparison of Various Investment Products in Current Financial Market
Comparison between Online Lending and Traditional Lending
Development History of Online Lending Industry
Standards for Typical Unsecured P2P Lending Rates
Standards for Typical Secured P2P Lending Rates
Comparison among Three P2P Online Lending Models
China’s Online Lending Scale, 2011-2015
China’s Online Loan Balance, 2011-2015
Regional Distribution of P2P Online Lending Platforms in China by the End of 2015
Distribution of P2P Lending Volume in China, 2014-2015
China’s Online Loan Balance by Major Province, 2014-2015
Major Online Lending Platforms in China by Loan Term, 2014-2015
Average Loan Term of Major Online Lending Platforms in China, 2014-2015 (Months)
China’s Major Online Lending Platforms by Lending Rate, 2014-2015
Average Consolidated Interest Rate for Major Online Lending Platforms in China, 2014-2015
Number of Online Lending Platforms in China, 2011-2015
Number of Failed Online Lending Platforms in China, 2012-2015
Ranking of Online Lending Platforms in China by Turnover, Jan.-May 2015 (RMB mln)
Ranking of Online Lending Platforms in China by Loan Balance, 2015H1 (RMB mln)
Ranking of Online Lending Platforms in China by Number of Investors, 2015H1
Ranking of Online Lending Platforms in China by Number of Borrowers, 2015H1
Ranking of Online Lending Platforms in China by Per Capita Investment, 2015H1
Number of Financial Cases of Global Online Lending Platforms, 2010-2015
Major Types of Investment Targets of Shenzhen Hongling Venture Capital Investment
Standards for Lending Rates of Shenzhen Hongling Venture Capital Investment
Monthly Transaction Size of Shenzhen Hongling Venture Capital Investment, Jun. 2014-May 2015
Monthly Number of Lenders of Shenzhen Hongling Venture Capital Investment, Jun. 2014-May 2015
Monthly Number of Borrowers of Shenzhen Hongling Venture Capital Investment, Jun. 2014-May 2015
Changes in Average Monthly Interest Rates of Shenzhen Hongling Venture Capital Investment, 2014-2015
PPmoney’s Major Wealth Investment Products by Turnover, 2014
PPmoney’s Major Charging Items and Standards
PPmoney’s Transaction Size and Earnings, 2013-2014 (RMB)
PPmoney’s Number of Investors by Month, 2014
Changes in Average Monthly Interest Rates of PPmoney, 2014-2015
Lufax’s Online Lending Operating Models
Lufax’s Monthly Transaction Size, 2014-2015
Monthly Number of Lenders of Lufax, 2014-2015
Monthly Number of Borrowers of Lufax, 2014-2015
Changes in Average Monthly Interest Rates of Lufax, 2014-2015
Recent Financing of Lufax
Xinhehui’s Major Charging Items and Standards
Monthly Transaction Size of Xinhehui, 2014-2015
Monthly Number of Lenders of Xinhehui, 2014-2015
Monthly Number of Borrowers of Xinhehui, 2014-2015
Changes in Average Monthly Interest Rates of Xinhehui, 2014-2015
Weidai’s Business Model
Monthly Transaction Size of Weidai, 2014
Weidai’s Outlet Layout, 2013-2014
Weidai’s Lending Scale by Region, 2014
Weidai’s term structure of Lending Scale, 2014
Monthly Number of Lenders of Weidai, 2014-2015
Monthly Number of Borrowers of Weidai, 2014-2015
Changes in Average Monthly Interest Rates of Weidai, 2014-2015
WenZhouDai’s Major Charging Items and Standards
Monthly Transaction Size of WenZhouDai, 2014-2015
Monthly Number of Lenders of WenZhouDai, 2014-2015
Monthly Number of Borrowers of WenZhouDai, 2014-2015
Changes in Average Monthly Interest Rates of WenZhouDai, 2014-2015
Monthly Transaction Size of TuanDai, 2014-2015
Monthly Number of Lenders of TuanDai, 2014-2015
Monthly Number of Borrowers of TuanDai, 2014-2015
Changes in Average Monthly Interest Rates of TuanDai, 2014-2015
Monthly Transaction Size of JS808, 2014-2015
Monthly Number of Lenders of JS808, 2014-2015
Monthly Number of Borrowers of JS808, 2014-2015
Changes in Average Monthly Interest Rates of JS808, 2014-2015
Monthly Transaction Size of 365edai, 2014-2015
Monthly Number of Lenders of 365edai, 2014-2015
Monthly Number of Borrowers of 365edai, 2014-2015
Changes in Average Monthly Interest Rates of 365edai, 2014-2015
Monthly Transaction Size of Yirendai, 2014-2015
Monthly Number of Lenders of Yirendai, 2014-2015
Monthly Number of Borrowers of Yirendai, 2014-2015
Changes in Average Monthly Interest Rates of Yirendai, 2014-2015
RenRenDai’s Lending Operation Model
RenRenDai’s Lending Rates and the Corresponding Credit Rating
Monthly Transaction Size of RenRenDai, 2014-2015
Monthly Number of Lenders of RenRenDai, 2014-2015
Monthly Number of Borrowers of RenRenDai, 2014-2015
Changes in Average Monthly Interest Rates of RenRenDai, 2014-2015
Lending Operation Models of YooLi
Monthly Transaction Size of YooLi, 2014-2015
Monthly Number of Lenders of YooLi, 2014-2015
Monthly Number of Borrowers of YooLi, 2014-2015
Changes in Average Monthly Interest Rates of YooLi, 2014-2015
Itouzi’s Platform Operating Models
P2P vs. P2C Models
Monthly Transaction Size of Itouzi, 2014-2015
Monthly Number of Lenders of Itouzi, 2014-2015
Monthly Number of Borrowers of Itouzi, 2014-2015
Changes in Average Monthly Interest Rates of Itouzi, 2014-2015
Major Charging Items and Standards of Hepai Online
Loan Term and Lending Rate of Hepai Online
Monthly Transaction Size of Hepai Online, 2014-2015
Monthly Number of Lenders of Hepai Online, 2014-2015
Monthly Number of Borrowers of Hepai Online, 2014-2015
Changes in Average Monthly Interest Rates of Hepai Online, 2014-2015
Financing Events of Global Online Lending Platform, 2010-2015
Comparison of Various Investment Products in Current Financial Market
Comparison between Online Lending and Traditional Lending
Development History of Online Lending Industry
Standards for Typical Unsecured P2P Lending Rates
Standards for Typical Secured P2P Lending Rates
Comparison among Three P2P Online Lending Models
China’s Online Lending Scale, 2011-2015
China’s Online Loan Balance, 2011-2015
Regional Distribution of P2P Online Lending Platforms in China by the End of 2015
Distribution of P2P Lending Volume in China, 2014-2015
China’s Online Loan Balance by Major Province, 2014-2015
Major Online Lending Platforms in China by Loan Term, 2014-2015
Average Loan Term of Major Online Lending Platforms in China, 2014-2015 (Months)
China’s Major Online Lending Platforms by Lending Rate, 2014-2015
Average Consolidated Interest Rate for Major Online Lending Platforms in China, 2014-2015
Number of Online Lending Platforms in China, 2011-2015
Number of Failed Online Lending Platforms in China, 2012-2015
Ranking of Online Lending Platforms in China by Turnover, Jan.-May 2015 (RMB mln)
Ranking of Online Lending Platforms in China by Loan Balance, 2015H1 (RMB mln)
Ranking of Online Lending Platforms in China by Number of Investors, 2015H1
Ranking of Online Lending Platforms in China by Number of Borrowers, 2015H1
Ranking of Online Lending Platforms in China by Per Capita Investment, 2015H1
Number of Financial Cases of Global Online Lending Platforms, 2010-2015
Major Types of Investment Targets of Shenzhen Hongling Venture Capital Investment
Standards for Lending Rates of Shenzhen Hongling Venture Capital Investment
Monthly Transaction Size of Shenzhen Hongling Venture Capital Investment, Jun. 2014-May 2015
Monthly Number of Lenders of Shenzhen Hongling Venture Capital Investment, Jun. 2014-May 2015
Monthly Number of Borrowers of Shenzhen Hongling Venture Capital Investment, Jun. 2014-May 2015
Changes in Average Monthly Interest Rates of Shenzhen Hongling Venture Capital Investment, 2014-2015
PPmoney’s Major Wealth Investment Products by Turnover, 2014
PPmoney’s Major Charging Items and Standards
PPmoney’s Transaction Size and Earnings, 2013-2014 (RMB)
PPmoney’s Number of Investors by Month, 2014
Changes in Average Monthly Interest Rates of PPmoney, 2014-2015
Lufax’s Online Lending Operating Models
Lufax’s Monthly Transaction Size, 2014-2015
Monthly Number of Lenders of Lufax, 2014-2015
Monthly Number of Borrowers of Lufax, 2014-2015
Changes in Average Monthly Interest Rates of Lufax, 2014-2015
Recent Financing of Lufax
Xinhehui’s Major Charging Items and Standards
Monthly Transaction Size of Xinhehui, 2014-2015
Monthly Number of Lenders of Xinhehui, 2014-2015
Monthly Number of Borrowers of Xinhehui, 2014-2015
Changes in Average Monthly Interest Rates of Xinhehui, 2014-2015
Weidai’s Business Model
Monthly Transaction Size of Weidai, 2014
Weidai’s Outlet Layout, 2013-2014
Weidai’s Lending Scale by Region, 2014
Weidai’s term structure of Lending Scale, 2014
Monthly Number of Lenders of Weidai, 2014-2015
Monthly Number of Borrowers of Weidai, 2014-2015
Changes in Average Monthly Interest Rates of Weidai, 2014-2015
WenZhouDai’s Major Charging Items and Standards
Monthly Transaction Size of WenZhouDai, 2014-2015
Monthly Number of Lenders of WenZhouDai, 2014-2015
Monthly Number of Borrowers of WenZhouDai, 2014-2015
Changes in Average Monthly Interest Rates of WenZhouDai, 2014-2015
Monthly Transaction Size of TuanDai, 2014-2015
Monthly Number of Lenders of TuanDai, 2014-2015
Monthly Number of Borrowers of TuanDai, 2014-2015
Changes in Average Monthly Interest Rates of TuanDai, 2014-2015
Monthly Transaction Size of JS808, 2014-2015
Monthly Number of Lenders of JS808, 2014-2015
Monthly Number of Borrowers of JS808, 2014-2015
Changes in Average Monthly Interest Rates of JS808, 2014-2015
Monthly Transaction Size of 365edai, 2014-2015
Monthly Number of Lenders of 365edai, 2014-2015
Monthly Number of Borrowers of 365edai, 2014-2015
Changes in Average Monthly Interest Rates of 365edai, 2014-2015
Monthly Transaction Size of Yirendai, 2014-2015
Monthly Number of Lenders of Yirendai, 2014-2015
Monthly Number of Borrowers of Yirendai, 2014-2015
Changes in Average Monthly Interest Rates of Yirendai, 2014-2015
RenRenDai’s Lending Operation Model
RenRenDai’s Lending Rates and the Corresponding Credit Rating
Monthly Transaction Size of RenRenDai, 2014-2015
Monthly Number of Lenders of RenRenDai, 2014-2015
Monthly Number of Borrowers of RenRenDai, 2014-2015
Changes in Average Monthly Interest Rates of RenRenDai, 2014-2015
Lending Operation Models of YooLi
Monthly Transaction Size of YooLi, 2014-2015
Monthly Number of Lenders of YooLi, 2014-2015
Monthly Number of Borrowers of YooLi, 2014-2015
Changes in Average Monthly Interest Rates of YooLi, 2014-2015
Itouzi’s Platform Operating Models
P2P vs. P2C Models
Monthly Transaction Size of Itouzi, 2014-2015
Monthly Number of Lenders of Itouzi, 2014-2015
Monthly Number of Borrowers of Itouzi, 2014-2015
Changes in Average Monthly Interest Rates of Itouzi, 2014-2015
Major Charging Items and Standards of Hepai Online
Loan Term and Lending Rate of Hepai Online
Monthly Transaction Size of Hepai Online, 2014-2015
Monthly Number of Lenders of Hepai Online, 2014-2015
Monthly Number of Borrowers of Hepai Online, 2014-2015
Changes in Average Monthly Interest Rates of Hepai Online, 2014-2015
Financing Events of Global Online Lending Platform, 2010-2015
