- December 19, 2017
The online consumer lending industry in China has played an indispensable role in providing consumer finance to the underbanked population. We estimate that as of Sep17, the total consumer loans outstanding has reached Rmb 10.1trn, +38% compared to Dec-16. In 9M17, the consumer finance penetration rate reached 30.7%, up from 14.7% in 2015, driven by the fast expansion of credit card installment loans provided by banks and proliferation of online lenders.
