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China's online lending boom spurs investment and risk

At least US$32.5 billion in Internet loans given last year; pace of growth draws govt scrutiny
Saturday, June 6, 2015 - 05:50

Hong Kong

THOUGH peer-to-peer lending was pioneered in the US by companies such as LendingClub Corp, China is where it's really taking off.

Internet-based peer lenders in China gave out at least US$32.5 billion in loans last year, almost quadruple the rest of the world combined,

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