China’s Outstanding P2P Loans Continue to Increase in March

China reported outstanding P2P loans of Rmb 920 billion ($133.5 billion) at the end of March, according to data from Wangdaizhijia; the March data shows resiliency in the industry despite new requirements for P2P lenders and caps on lending from regulators; P2P platforms have been steadily decreasing following the industry’s reform, with approximately 2,281 platforms in March; yields on P2P loans have also been trending lower, with the average yield at 9.4% in March.  Source