ISSN 2187 4182 ISBN 978 4 907635 09 1 C3033 The Institute for Economic Studies Seijo University 6 1 20, Seijo, Setagaya Tokyo 157-8511, Japan
ISSN 2187 4182 ISBN 978 4 907635 09 1 C3033 The Institute for Economic Studies I. E. S Research Paper No. 76 The Development and Logic of Interpersonal Lending in China Yuxiong Chen MARCH 2017 Abstract Interpersonal Lending in china, which was operated as Direct Individual Lending in the purpose of helping poverty and the success in partnership, became Private Free Lending which traded mainly with individual business by taking the opportunity of Reform Opening. Then it developed into the stage of Private Meet Lending that introduced recipients to lenders by brokers. That started to be utilized as capital fund of individual and private enterprise while making consumers finance as basis. Additionally, P2P lending has broken the former restriction of human network and achieved compressed development by use of the internet technology. Due to the slack attitude to the Interpersonal Lending of government, it has far less risk of being outlawed than Private Finance. Therefore, many Private Finance Traders entitled themselves as Interpersonal Lending. Local government and citizens also admitted their contribution to regional economics and start to intentionally obscure the function of both. As a result, the word of Interpersonal Lending not only means the intermediary agent of Native Banks and also the whole Private Finance, as well as the original form of Direct Lending Between the Individuals and the Private Meet Lending. Even though government generally hold a generous attitude to Interpersonal lending, its risk of being outlawed is still potential depend on period, location, and certain situation. The reason why Interpersonal Lending can achieved such development, the accumulated social capital and community support has contributed a large proportion.
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