M&A still beckons amid Chinese P2P lending boom

China's P2P lending industry seen ripe for consolidation due to tighter rules, even as monthly turnover tops Rmb100 billion for the first time.

Tighter regulation means China's peer-to-peer lending industry is ripe for consolidation even as business continues to grow at an explosive pace.

Turnover on the country's P2P platforms reached a record high of about Rmb115 billion $18 billion in September, according to Online Lending House, a domestic portal that tracks the country’s P2P sector. That is 18% higher than in August and more than four times what was recorded a year earlier, it said in a report.

China's developed mega-cities and coastal provinces -- Beijing, Guangdong, Zhejiang, Shanghai, and Jiangsu -- accounted for nearly 90% of total transaction volume last month. Beijing...

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