Update cookies preferences

E-book: Financing the Underfinanced: Online Lending in China

Edited by , Edited by , Edited by
  • Format: PDF+DRM
  • Pub. Date: 07-Apr-2015
  • Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
  • Language: eng
  • ISBN-13: 9783662465257
Other books in subject:
  • Format - PDF+DRM
  • Price: 55,56 €*
  • * the price is final i.e. no additional discount will apply
  • Add to basket
  • Add to Wishlist
  • This ebook is for personal use only. E-Books are non-refundable.
Financing the Underfinanced: Online Lending in ChinaLarger Image
  • Format: PDF+DRM
  • Pub. Date: 07-Apr-2015
  • Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
  • Language: eng
  • ISBN-13: 9783662465257
Other books in subject:

DRM restrictions

  • Copying (copy/paste):

    not allowed

  • Printing:

    not allowed

  • Usage:

    Digital Rights Management (DRM)
    The publisher has supplied this book in encrypted form, which means that you need to install free software in order to unlock and read it.  To read this e-book you have to create Adobe ID More info here. Ebook can be read and downloaded up to 6 devices (single user with the same Adobe ID).

    Required software
    To read this ebook on a mobile device (phone or tablet) you'll need to install this free app: PocketBook Reader (iOS / Android)

    To download and read this eBook on a PC or Mac you need Adobe Digital Editions (This is a free app specially developed for eBooks. It's not the same as Adobe Reader, which you probably already have on your computer.)

    You can't read this ebook with Amazon Kindle

This book, as a comprehensive, in-depth analysis of one of the fastest-growing industries in China, covers all the most important areas and issues in the country’s online lending industry. It includes, but is not limited to, the history of online lending, the scale of the online lending market, the basic business models in and a risk analysis of online lending, the characteristics of typical online-lending borrowers and investors/lenders, the root causes of bankruptcy among failed online lending platforms, a comparative analysis of online lending platforms inside and outside China, the overall ranking of online lending platforms in China, and, finally, the outlook for the online lending industry in the future. The integration of Internet and finance has, in recent years, been among the most notable topics discussed in the media, the business community and academia, both in China and worldwide. The chapters are supplemented with detailed case studies, which include illustrations and tables, and the book combines theoretical analysis with conceptual discussions of and best practices in the online lending industry. It will be of interest to a variety of readers worldwide, including: (1) existing and potential online borrowers; (2) existing and potential online lenders; (3) investors and professionals running online lending platforms; (4) traditional bankers and major shareholders in traditional financial institutions; (5) staff in regulatory government agencies; (6) academics; and (7) the general public.?
1 Introduction to Online Lending 1(16)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
1.1 The Definition of Online Lending
1(2)
1.2 The Characteristics of Online Lending
3(1)
1.3 The Development of Online Lending
4(2)
1.4 Some Qualitative Analyses of Online Lending Models
6(6)
1.4.1 The Business Models Developed Outside China
6(4)
1.4.2 The Business Models Developed in China
10(2)
1.5 The Impacts and Implications of Online Lending
12(4)
1.5.1 Online Lending and Inclusive Finance
12(1)
1.5.2 Online Lending and Wealth Management
13(1)
1.5.3 Online Lending and Financial Innovation
14(1)
1.5.4 Online Lending and the Multi-layer Capital Market
14(1)
1.5.5 Online Lending and Interest Rate Marketization
15(1)
References
16(1)
2 A Statistical Analyses of the Online Lending Industry 17(70)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
2.1 Research Objectives and Methods
17(1)
2.1.1 Data Collection
17(1)
2.1.2 Research Methods
17(1)
2.2 The Current Status of Online Lending Platforms
18(14)
2.2.1 Market Structure and Industry Cycle of the Online Lending Industry
18(2)
2.2.2 The Size and Distribution of Online Lending Platforms
20(3)
2.2.3 Information Disclosure of Platform Companies
23(4)
2.2.4 Operation Indicators of Platforms
27(5)
2.3 The Status Quo and Developing Trends in Online Lending Industry
32(12)
2.3.1 The Loan Balances of Platforms
32(3)
2.3.2 The Transaction Volumes of Platforms
35(2)
2.3.3 The Interest Rates Charged by Platforms
37(3)
2.3.4 The Terms of Loans at Platforms
40(2)
2.3.5 The Trends of New Platforms
42(2)
2.4 The Status of Borrowers
44(15)
2.4.1 The Total Number of Borrowers
44(2)
2.4.2 The Borrowing Amount Per Borrower
46(3)
2.4.3 The Purposes of Borrowing
49(1)
2.4.4 The Characteristics of the Borrowers
49(5)
2.4.5 The Default of the Borrowers
54(5)
2.5 The Status of the Lenders
59(15)
2.5.1 The Total Number of Lenders
59(2)
2.5.2 The Amount of Loan Per Lender
61(1)
2.5.3 The Characteristics of Lenders
62(6)
2.5.4 The Investment Preference of Lenders
68(4)
2.5.5 The Status of Lenders After "Bankruptcy Wave"
72(2)
2.6 The Bankrupt Online Lending Platforms
74(9)
2.6.1 Macro Analysis of Problematic Platforms
74(3)
2.6.2 Micro Analysis of the Problematic Platforms
77(4)
2.6.3 Some Deep Dive of the Break-Out of the Problematic Platforms
81(2)
2.7 The Development of the Peripheral Service of Online Lending Industry
83(2)
References
85(2)
3 The Business Model Analysis of Online Lending Platforms in China 87(22)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
3.1 The Classification of Advance Payment Models
87(8)
3.1.1 No-Advance-Payment Model
87(3)
3.1.2 The Advance Payment Model
90(3)
3.1.3 Risk Sinking Fund Provision Model
93(2)
3.2 The Classification of Expansion Model
95(3)
3.2.1 Independently-Operating Platforms
95(2)
3.2.2 The Franchising Platforms
97(1)
3.3 The Classification of Operation Procedures
98(2)
3.3.1 P2P Online Lending Model
98(1)
3.3.2 P2N Model
99(1)
3.4 The Classification Of Loans Types
100(7)
3.4.1 Personal Credit Loan
100(2)
3.4.2 Real-Estate Mortgage Loan
102(1)
3.4.3 The Auto-Backed Loan
102(1)
3.4.4 Chattel Pledged Loans
103(1)
3.4.5 The Equity-Backed Loan
104(1)
3.4.6 The Bank Bridge Loan
105(1)
3.4.7 The Supply Chain Financing
105(1)
3.4.8 The Mixed Loan Operations
106(1)
References
107(2)
4 The Business Model Analysis of Online Lending Platforms Outside China 109(10)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
4.1 The Development of Online Lending Platforms Outside China
109(2)
4.2 The Primary Online Lending Platforms Outside China
111(7)
4.2.1 Zopa
111(1)
4.2.2 Prosper
112(2)
4.2.3 Kiva
114(2)
4.2.4 Lending Club
116(2)
Reference
118(1)
5 Risks in the Online Lending Industry 119(20)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
5.1 The Risks of Credit Check
119(2)
5.2 The Risks of Intermediate Account
121(1)
5.3 The Risks of Guarantee Payment
122(3)
5.3.1 The Guarantee Payment Model of Online Lending
122(1)
5.3.2 The Predicament of Guarantee Companies
123(1)
5.3.3 The Financial Leverage of Online Lending Platforms
124(1)
5.4 The Liquidity Risk
125(3)
5.5 The Transparency Risk
128(1)
5.6 The Technical Risk
128(1)
5.7 The Legal Risk
129(7)
5.7.1 The Legal Risks of Online Lending Platforms
129(2)
5.7.2 The Legal Risks of Online Lenders
131(2)
5.7.3 The Legal Risks of Online Lending Borrowers
133(1)
5.7.4 The Legal Issues of the Third-Party Payment
133(3)
5.8 The Leverage Risk of Lenders
136(1)
5.9 The Ethical Risk
136(1)
References
137(2)
6 A Comprehensive Rating System of Online Lending Platforms 139(10)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
6.1 The Purpose and Value of Platform Rating
139(1)
6.2 Introduction to Indicators of the Rating System
140(4)
6.2.1 The Indicator of the Transaction Volume
140(1)
6.2.2 The Indicator of Operating Income
141(1)
6.2.3 The Indicator of Popularity
141(1)
6.2.4 The Indicator of Profit
141(1)
6.2.5 The Indicator of Leverage
142(1)
6.2.6 The Indicator of Liquidity
142(1)
6.2.7 The Indicator of Dispersion
143(1)
6.2.8 The Indicator of Transparency
144(1)
6.2.9 The Indicator of Branding
144(1)
6.3 The Results of the Comprehensive Rating
144(5)
7 Prospect of Online Lending Industry in China 149(10)
Jiazhuo G. Wang
Hongwei Xu
Jun Ma
7.1 Credit Verification on Online Lending Platforms
149(2)
7.2 Big Data and Online Lending
151(1)
7.3 The Industrial Associations of Online Lending Platforms
152(2)
7.4 Government Regulation on Online Lending
154(2)
7.5 The Prospect of Online Lending Industry
156(2)
References
158(1)
Glossary 159(4)
Bibliography 163(2)
Index 165
Jiazhuo G. Wang is a finance professor of School of Business, College of Staten Island, City University of New York, and a visiting professor of HSBC School of Business at Peking University (PKU) and a senior research fellow at SME Research Center at PKU. He is the co-author of the book Who Gets Funds from Chinas Capital Market, published by Springer in 1/2014, and author or editor of several other in-writing business/finance books that will be published by Springer and Qinghua University Publisher in the next a few months.

Hongwei Xu is the CEO of YesMyLoan, the largest online lending portal firm in China with tremendous operating experience in Chinas online lending industry, and has published several articles on online lending (in Chinese) in some Chinese business journals.
More information about ebooks More information about ebooks
Permanent link: https://www.kriso.ee/db/97836624652572e.html
Keywords: