Monthly unique devices of mobile banking reached 326 million units in China, an increase of 10.9% year-on-year. China Construction Bank led this market with 74 million units monthly unique devices. Roughly 80% of users only installed one comprehensive financial management app. Market penetration of mobile banking was 24.2% in December 2018, with monthly unique devices […]
The number of online credit users reached 160 million in China in 2016 and 200 million in 2017; and, it is estimated to grow with an annual compound growth rate of 15.9% according to data from iResearch. The attention of VC on P2P in China started around 2010; and, about 170 online lending platforms received […]
The total e-commerce transactions of fund market in China is estimated to reach 11.2 trillion yuan (US$1.63 trillion) in 2016; it’s estimated to double the current amount to 26 trillion yuan (US$3.78 bn) in 2020.
RMB credit balance totaled 93.6 trillion yuan in 2015 with an increase of 14.9% YoY according to iResearch. Consumption credit market in China is expected to exceed 41 trillion yuan in 2019.