Dianrong loan outlook
Print Edition
SHANGHAI-BASED Dianrong.com, which completed its latest round of financing from the Tiger Fund in January, expects loan transaction volume to jump 10 times in the near future, it said yesterday.
China is expected to strengthen regulation on the booming P2P (peer-to-peer) lending, which offers investors higher returns than bank deposits but poses higher risks such as online fraud.
The strict market regulation will also bring competition advantages to firms like Dianrong, which has advanced risk management and technologies, according to Kevin Guo, co-founder of Dianrong.
Lenders have so far received “several billion yuan” from Dianrong, which offers online P2P service. The figure will surge 10 times in the near future with the expansion of offline and overseas markets, he added.
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