From Beijing Roger Ying Talks About

Where in western countries we see peer-to-peer lending as a novelty enabled by the internet in China it has been a common practice for years!

As the banking system is state owned and they never had any real competitive drive financial institutions have always catered to big corporations and government. With economic development in the last four decades there was a huge void in consumer and small business finance. This space has been covered by “underground banks”, pawn shops, and “guarantee companies”.

Consequently the lending market in China has been rather unstable, prone to fraud, and only geared to short term, high rate loans.

But this is changing as many online companies like are bringing transparency and accountability to the system.

In this interview Roger Ying, Founder and CEO of, tells us how the company is helping retail and business borrowers get much better deals, and explains how the platform works:

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Author: Donald McIntyre

Editor of Naation: Communicating to the world the advantages of financial technology, Bitcoin, Ethereum, sidechains, and blockchain in general. Founder of Etherplan: The global wealth management network. Co-founder and advisor of Global Financial Access: Helping people everywhere access assets issued anywhere in the world. Previously, was founder of McIntyre S.A., Dineronet, and Senior Vice President at Morgan Stanley and Vice President at UBS Securities.