77: Peer-to-peer lending in China—Tech-driven shadow banking with Andrew Polk

<p>China’s online peer-to-peer lending industry has been in turmoil for the last three years as financial regulators have clamped down as part of “de-risking” efforts. Tuandai.com, a top P2P lender, collapsed in March due to turnover problems. As of February, the platform had more than 220,000 investors with RMB 14.5 billion ($2.15 billion) in outstanding loans. The company is under investigation for illegal fundraising, leading to the <a href="https://technode.eventbank.cn/track/redirect?type=campaign&tracking_id=2255:24970:a628eb73-c592-470b-8fb3-41ea080ca9e8&redirect_url=https%3A%2F%2Fwww.caixinglobal.com%2F2019-04-27%2Fpolice-arrest-41-associated-with-failed-p2p-lender-tuandaicom-101409341.html" target="_blank" title="arrest of 41 people"><strong>arrest of 41 people</strong></a> so far, including co-owners Tang Jun and Zhang Lin.</p> <p>This week, Andrew Polk, partner at Trivium China, joins us to discuss what's happening with the P2P lending industry in China. </p> <p>Key questions:</p> <ul> <li>What role has the government played in the growth and death of P2P lending?</li> <li>How is the crackdown on cryptocurrency different from the tightening regulations around P2P lending?</li> <li>Are P2P companies really tech companies, as many claim?</li> <li>Can we expect companies like Dianrong to survive this round of government scrutiny?</li> </ul> <p>Links</p> <ul> <li><a href="https://anchor.fm/china-tech-talk/episodes/22-P2P-lending--retail-banking--and-the-future-of-online-services-with-Ling-Kong-e37qk6"><strong>22: P2P lending, retail banking, and the future of online services with Ling Kong</strong></a></li> <li><a href="https://triviumchina.com/trivium-daily-newsletter/"><strong>The Trivium Tip Sheet</strong></a></li> <li><a href="https://technode.com/become-a-member/"><strong>Become a member of TechNode Squared</strong></a></li> <li><a href="https://emerge.technode.com/"><strong>Get your tickets to the first annual </strong></a></li> </ul> <p>Guest</p> <ul> <li><a href="https://triv