Abstract

P2P lending develops fast in China and many scholars have done research on it. I explore the credit risk of China’s P2P lending by gathering and classifying essays. To be specific, I discuss the classification of credit risk and empirical research on it. Then I analyze the problems in P2P lending in China and how to control them, which is significant for investors and supervisors. Although China’s P2P lending platforms run badly in 2019, several platforms are under transformation. Other platforms can draw lessons from transformation.

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